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Discover the consequences of a major $1.8 billion real estate verdict with insights from local real estate experts. This insightful piece, first published by the Queen Creek Tribune By Paul Maryniak, Tribune Staff Writer, takes a close look at how the verdict could affect the real estate industry. For a detailed exploration of the analysis, check out the full article on Queen Creek Tribune here.
Here are some notable quotes from Real Estate Professionals
*** Roger Nelson, CEO of the West & Southeast Realtors of the Valley (WeServ), predicted that the case will linger in the courts for as long as five years but that regardless, “I don’t think it’s going to have much impact on us.”
He said that because Arizona “is a hotbed of different models of real estate,” the commission issues raised in the lawsuit don’t exist in the state because the platforms intensify competition for buyers' and sellers' business.
“We’re kind of bit ahead of the curve on a lot of this stuff,” Nelson said"
*** Gilbert Realtor Mindy Jones said that the verdict should inspire real estate professionals “to continue to uphold our fiduciary duties to our clients and increase the level of professionalism in our industry. “Whether we agree with the ruling or not, or whether it will have unintended consequences for our buyers or not, our job is to ensure that we are operating with transparent business practices that are rooted in integrity and honesty as we advocate for our clients and provide them with the best services possible,” Jones said.
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