230 - NAR Lawsuit - The New Rules For Real Estate And How To Buy A Home – PART 1
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 2 April 2024
⏱️ 33 minutes
🧾️ Download transcript
Summary
Back in 2019, we made a rather bold prediction that the real estate market, which has been really unfair for first-tome homebuyers in the first place, would soon undergo a massive change. Initially it looks like change is definitely coming with this NAR lawsuit that’s making the headlines lately. But it’s not the real estate revolution we at the buyer’s side were hoping for. In many ways, this bogus lawsuit is even obscuring the real systemic issues and the collusion within the system that screws first-time homebuyers. What does this NAR lawsuit even mean? More importantly, how does it affect you as a first-time homebuyer? Does it change anything? Most likely not, but what can you do about it? Tune in and find out.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | Hi, listeners. You remember how since 2019 I've been saying that real estate as an industry is broken, |
| 0:05.5 | unfair to first-time home buyers and borderline corrupt? And you remember how in many old episodes, |
| 0:11.5 | I've been saying that the rules could be changing in real estate. And the number one people |
| 0:15.5 | who are going to get changed in any sweeping real estate rules are the first-time homebuyers. |
| 0:20.5 | So I've been encouraging you to |
| 0:22.3 | try to get your planning together as quickly as you can while the rules still aren't completely |
| 0:27.0 | against you. And remember how I talked about the lawsuits coming and how they might be changing |
| 0:31.8 | the way that buyers buy homes and who pays for the buyer representation? Well, bam, the first hammer dropped on March 15th, |
| 0:41.0 | and it shocked everybody. So we're going to have a calm, detailed, non-clickbaity, fully informed |
| 0:50.2 | conversation because there was a $418 million settlement against the National Association |
| 0:57.0 | of Realtors. Time for the real deal and, we're going on the road. |
| 1:29.1 | Come and get your questions about home buying answered from me directly, live and in person. |
| 1:35.5 | And our first stop is Dallas, Texas. |
| 1:37.9 | Yeah, baby, it only took me five years, but the unicorns are finally bringing me out on the road. |
| 1:42.6 | And I'm going to be live in Dallas on Monday, April 1st. And no, this is not an April Fool's joke. This is real. This is legit. I am |
| 1:49.8 | literally used correctly coming to Dallas for a live event on Monday, April 1st. It's free, |
| 1:56.3 | and there'll even be some refreshments out there so you can save some money on dinner, because I know |
| 2:00.2 | you're all on a budget trying to save up for a down payment and closing costs. |
| 2:04.2 | To get the information, email info at how to buy a home.com put Dallas in the subject. |
| 2:10.0 | That's info like information. Info at how to buy a home.com put Dallas in the subject. |
| 2:16.7 | We're taking the revolution to the people. |
| 2:18.7 | It is time to discuss the new rules for how to buy a home in 2024. And guess what? |
... |
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