For those of us who are missing sports, The Last Dance, has become a weekly sanctuary. The ESPN 10-part documentary takes a deep dive into the career of basketball legend, Michael Jordan. Jordan is widely considered the greatest basketball player of all time, but the film is a lot more than a collage of basketball highlights, it provides a back-stage view of the mindset, and resilience that it takes to achieve the absolute pinnacle of any profession.
Jordan is a contemporary of mine and I observed his career in real time. As a Laker fan, I generally rooted against him except, of course, when he played against the Celtics, but his athletic virtuosity was like nothing I had ever seen. He was so talented, it was easy to assume that his championships and individual achievements came easy, and hard to relate to him. However, the best parts of The Last Dance, show the heartache, adversity and drama that Jordan and his Bulls had to overcome to win six NBA titles, and the complicated chemistry among players and coaches that is required to be successful in team sports. The NBA was different in the 80’s and 90’s. I was one of the many who believed that part of Jordan’s success was the era in which he played. He came when Magic and Bird were on the decline and before Kobe and Shaq hit their prime, but it was also when the league was at its most physical. Jordan loved to attack the basket and man; he took a beating. A foul that would likely earn a suspension today, was just an ordinary foul in the Jordan era. The documentary also shows that Jordan himself was not perfect. He had his own insecurities and demons to deal with.
The Last Dance is for sports fans, so I’m not going to try to convince someone who is not interested in basketball to watch it, but the themes and plot lines could apply to just about anything. Michael Jordan might be the most prodigious athlete of all time, but his physical talents guaranteed him nothing. It was his competitive spirit, toughness and his uncanny ability to overcome any challenge that made him who he was…one of the most successful American athletes of all time.
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.