Six weeks after historic rules changed nationwide on how real estate agents are paid commission, an Orange County based broker with nearly four decades of experience sat down with Siyamak Khorrami, host of EpochTV’s California Insider, to explain the changes and how he thinks they will affect the industry for the better.
The issue comes after a landmark class-action lawsuit—filed by a handful of home sellers, and on behalf of others—against the National Association of Realtors, the largest trade association in the country. The suit—heard in U.S. District Court, Western District of Missouri—alleged the rules on how agent commissions were transacted violated antitrust laws. …