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How to Navigate the Recent NAR Changes
Manage episode 445236349 series 3603923
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Today I’m once again joined by Haley Hatcher and we’re excited to discuss the National Association of Realtors (NAR), its significance in the real estate industry, and the implications of recent lawsuits affecting commission structures and agent practices. The conversation covers the role of Multiple Listing Services (MLS), the impact of state-specific regulations, and offers insights for consumers on selecting the right agent. I’m also sharing my predictions for the future of the real estate industry amidst ongoing changes.
Topics:
- What NAR and other real estate organizations are and how they work to govern the real estate industry and protect agents (or not)
- How sellers and buyers agents have historically gotten paid for their work and how this is now being exploited
- A summary of the NAR lawsuit and how it’s going to affect seller agents, buyer agents, and consumers going forward
- How this lawsuit will affect traditional commission based vs. transaction fee based brokers and agents
- How you can set yourself up to make more money as a buyers agent, even in comparison to the sellers agent
- What to do to market yourself, prove your value as an agent, and ensure compensation
Episode Resources:
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