Sitzer/Burnett Attorneys Request $220 Million From NAR | The Real Word 335

Byron Lazine and Nicole White discuss the Sitzer/Burnett attorneys’ request for $226M in compensation for hours worked and out-of-pocket expenses, a Ryan Serhant interview, and an update on NAR’s Clear Cooperation policy.

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Connect with Byron Lazine:

https://www.instagram.com/byronlazine

Connect with Nicole White:

https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://www.housingwire.com/articles/plaintiffs-attorneys-seek-220m-from-nar-homeservices-settlements/

https://www.nar.realtor/magazine/real-estate-news/mls-advisory-board-continues-evaluating-clear-cooperation-policy

https://www.housingwire.com/articles/ryan-serhant-interview-owning-manhattan/

Timestamps:

00:00–01:06 Intro

01:06 TOPIC #1: Plaintiffs attorneys seek $220 million

03:38 Hourly rates for attorneys, paralegals, and associates

06:34 “The percentage of the fund approach aligns Class Counsel’s interest…”

09:04 “Seems like attorneys & real estate agents/brokers have a similar deal…”

09:32 “If they were to lose this case… why would they do that?”

12:13 “It’s unfortunate how Ketchmark has addressed agents…” (double standard)

13:55 Byron calculating Nicole’s recent $4.5M deal close & how much money she made an hour

16:30 Negotiations are never done

19:50 One thing the courts aren’t ever going to say…

20:47 TOPIC #2: Serhant interview: “Life after Netflix & brokerages in a post-settlement world”

21:05 “Is there anything you're advising your agents to do…?” & Serhant’s answer

22:38 Why should people work with you versus jumping on Zillow?

23:18 Byron golf story

26:25 Clear Cooperation update

28:44 BAM Mania

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