Joe Skousen Interviews Victor Lund: The Real Deal on NAR Settlement and Residential Real Estate
Inside Real Estate's CEO interviews WAV Group's founder on the impact of the Burnett vs. NAR trial and settlement.
Joe Skousen, founder and CEO of Inside Real Estate, sat down with Victor Lund, founder and managing partner of WAV Group, to discuss the recent outcome of the Burnett vs. NAR trial and the subsequent settlement. Their conversation delved into the potential implications for the residential real estate industry and the role of the National Association of Realtors (NAR) in shaping the market.
Skousen and Lund wasted no time in getting to the heart of the matter, with Skousen asking Lund for his perspective on the settlement. Lund, a seasoned industry veteran, shared his belief that the settlement was a "favorable outcome" for NAR and that it would likely have little impact on the industry as a whole.
"I think it was a very favorable outcome for NAR," Lund stated. "I don't think it will have any impact on the industry. I don't think it will change anything. You know, the way I read it, it's a promise to do something in the future. It's not a requirement to do anything in the past."
Skousen also asked Lund about the ongoing controversy surrounding NAR's pocket listing policy, which has been met with backlash from some industry players. Lund, who has been a vocal critic of the policy, expressed his disappointment in NAR's handling of the situation.
"I think NAR has really missed the boat on this," Lund said. "It's a big opportunity for NAR to show that they can lead and that they're progressive...They could have made a statement that said, 'We're going to lead in this area and we're going to