Use massive class action lawsuits to mobilize Consumer Movement in Real Estate!
Any doubt that real estate is the Sleeping Giant of the Consumer Movement? For decades, #RECALL – Real Estate Consumer Alliance – has estimated homebuyers & sellers could save $30 BILLION annually. Now that’s been validated as massive class action lawsuits versus the #RECartel seek 12X that in damages – $376.7 BILLION dollars! Compare that to #BigTobacco cases in the late ’90s which paid $206B over 25 years:
https://bit.ly/ClassActRE_Damages377B (share via social media)
It’s taken more time than we’d like, but for money-saving innovators, it’s “Back to the Future” and a long-overdue Consumer Movement in Real Estate. That’s what Ralph Nader called for when he first addressed the fledging #BuyerAgency movement on October 28, 1992:
http://bit.ly/Back2Billions (share via social media)
Seven years later, Bpston-based @ADLittle‘s 1999 report to #NAR‘s Strategic Planning Committee predicted real estate agents would morph into real estate consultants. Referring to the “Traditional Split,” the subject of #ClassActRE lawsuits, the report predicted that “Commissions [would be] non-existent for online players.”
That’s where anti-competitive practices undermined the money-saving potential of the internet:
https://bit.ly/Nadel_AntiCompetitiveRE (share via social media)
CALL TO ACTION:
This year marks the 30th anniversary of Nader’s speech. Change agents, want to use MIT’s #uLab process again this Fall to envision a consumer-centric real estate ecosystem based on a new Homebuyer Bill of Rights that empowers to consumers to #Save_30B annually?
How can homebuyer and sellers participate? Schedule a FREE 15 minute consultation or email realestatecafe@gmail.com to chat or call / text 617-661-4046 to learn about the friendly #RESavingSprints we hope to seed to begin delivering consumer savings ASAP.
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