George Floyd, an African American from Minneapolis was murdered last week in one of the most despicable displays of police brutality ever recorded. The event spurred protests in almost every major city in the country and a few unfortunate riots.
Below are a few of my opinions on the matter:
Racism is more prevalent in America than I thought possible.
Police officers are not all racists, but there is a culture of racism that infects the law enforcement community at almost every level nationwide, and it will not change until law enforcement managers are fired, pensions are lost and perpetrators are jailed.
People who were unmoved by Floyd’s murder but critical about the protesters aren’t just part of the problem, they are the problem.
Racism and economic disparity are the biggest threats to the American system.
Eliminating systemic racism in our society will require an all-hands-on-deck effort.
Prayers, warm thoughts, and social media posts are nice, but they won’t end racism or make a material difference.
Only voting and donating money to candidates and organizations who stand firmly against racism in all forms will get the job done.
Some of the organization’s that have a strong history of fighting racism are:
This week, in a brief to the judge of a major antitrust lawsuit known as Nosalek, the U.S. Department of Justice called for decoupling buyer and seller agent representation. If the DOJ gets what it wants, it would mean that listing agents would no longer be permitted to share their commissions with agents representing buyers, and buyers would have to pay out of pocket to have an agent represent them.
I was in D.C. on Friday for the celebration of life for my friend, Dave Stevens. Dave was a former FHA Commissioner under Barack Obama and an icon in the mortgage banking industry. I was lucky to know Dave as a good friend.
If you’re not familiar with the Sitzer class action lawsuit against the National Association of Realtors and several of the largest real estate brands, it centers on how real estate agents are compensated. The lawsuit claims that the practice of seller and buyer agent cooperation or sharing of commissions is an anti-trust violation and has resulted in inflated commissions paid by consumers. While a jury in Missouri has already sided with the plaintiffs, the judge has not rendered a final verdict.