In the dynamic world of real estate, change is not only inevitable, but necessary. The recent $418 million settlement by the National Association of Realtors (NAR) marks a profound shift in how we do business, heralding an era of greater transparency and consumer empowerment. As of August 17th, 2024, new rules will take effect that […]
Tag Archives: NAR settlement impact
The New World of Real Estate: Post-NAR Settlement
The #1 question I’m being asked lately: “What do you think of the upcoming NAR (National Association of Realtors) Settlement?” In one word? Fantastic. Now, I know that might shock a lot of my fellow realtors and brokers. They’re worried about disruption, potential income reduction, and the general upheaval this settlement might cause. But here’s […]
My Thoughts: A Real Estate Agent’s Perspective on the NAR Settlement and Its Implications
The National Association of Realtors (NAR) recently settled multiple lawsuits with home sellers, agreeing to pay out $418 million and implement significant rule changes for Multiple Listing Services (MLS) and real estate agent practices. These changes, effective in August, have sparked a range of reactions—from panic to indifference. Major headlines, such as CNN’s “The 6% […]