Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate.
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Hey Justice Dept: Your fear of steering and the NAR agreement actually made the so-called steering legal. The new Buyer Broker Agency Agreement now has two important lines (at least it does in NJ). First we agree to a commission, say 3% in my ideal situation. The next line says (paraphrasing) the Buyer chooses to see “every house that fits my criteria” or it excludes the following situations: The Buyers who do not want to pay out of pocket will fill in that they do not wish to see listings that are not paying their buyer broker for them. You just legalized stirring, you morons. You actually are now legally requiring me to “steer” the client towards listings with broker co pay built in. please make this all make sense, I am begging you!