The Real Word: Is college the biggest racket in America?

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they’ll discuss whether college itself, which can create insurmountable debt, is a racket after the news that real estate executives are among those being charged in the college fraud scheme to get kids into top schools.

This week on “The Racket”:

• Teams are exploding, and brokers don’t know what to do: Are you a single agent or on a team? Nicole has seen real estate teams go through big changes, with many now focusing on how to train and benefit agents. With team production growing at a rapid pace, brokers aren’t sure how to handle it. But we think it’s a good thing — teams add value to every transaction.
• NAR responds to an op-ed on WSJ: Byron and Nicole agree that buyer brokers have value, but they don’t agree on why. They discuss an article where NAR defends the value of Realtors that was published in The Wall Street Journal. What are your thoughts?