In this edition of The Real Word, Byron Lazine and Nicole White discuss the DOJ withdrawing its settlement offer to NAR, the first state in the U.S. to ban homebuyer love letters, and a study that shows what the majority of real estate listings are lacking.

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.

The U.S. Department of Justice (DOJ) backed out last week of a proposed settlement with the National Association of Realtors (NAR). According to The Wall Street Journal, “Never have federal antitrust authorities agreed to a proposed settlement only to back out after receiving public comment.”

What does this move mean for the housing industry? Byron and Nicole went through the timeline of events, starting from November of 2020 to what’s going on currently, while breaking down some of the proposed rule changes and why this ongoing battle matters.

“Like you said at the top, it’s time to start following this,” Nicole said.

More this week: Oregon becomes first state in the U.S. to ban homebuyer love letters. “We’ve talked about this previously,” Byron said. “This is potentially a fair housing issue. You get the love letter, you get more information on the buyer.” So, should they be banned everywhere?

Marketeer of the week

Turns out, the vast majority of real estate listings are missing good visuals, which is what consumers are typically paying attention to. Are you surprised? According to Inman, a study by BoxBrownie found that “that 94 percent of listings do not include a virtual tour” and “fewer than 30 percent of studied listings used best practices in professional photography.”

Want to nominate a “marketeer of the week”? Drop your thoughts in the comments section below, or shoot us an email.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
The best event in real estate kicks off next week! Tickets are selling quickly.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription