Want to Hear Discussions about Real Estate & More? Watch this Video!
The NAR Settlement Changes
In this insightful video, we discuss the ongoing changes within the National Association of Realtors (NAR) and their impact on the real estate industry. As the dust settles, we explore the implications of removing the commission box and introducing the buyer broker agreement. Discover how different MLS regions are responding, with some choosing to retain the commission box for clarity. Learn about the potential shift towards statewide MLS systems and the need for real estate professionals to adapt to these evolving standards. Stay informed and prepared for the future of real estate transactions.
#NAR #narsettlement #narchanges
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CHAPTERS
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0:00 - NAR settlement changes and industry impact
1:08 - August 17th implementation date
1:29 - Commission box removal from MLS listings
1:52 - Some MLSs not participating in changes
2:53 - Northwest MLS keeping commission box
4:24 - Confusion created by changes
5:57 - Need for buyer consultation and seller consultation
8:27 - Importance of having a guidebook for clients
10:24 - Developing talking points about the settlement
12:26 - Negotiating commission in new scenarios
14:39 - Handling multiple offer situations
18:38 - Writing commission into offers
20:15 - Balancing client needs and commission in competitive situations
23:30 - Starting to implement changes now rather than waiting
24:36 - Staying positive about the changes
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