Royal Family Real Estate Podcast: NAR Settlement Update
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Royal Family Real Estate Podcast: NAR Settlement Update
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About this listen
In episode three of the Royal Family Real Estate Podcast, Royal Hartwig, Jason Stallard, and Brenna Freskos delve into the implications of the recent National Association of Realtors (NAR) settlement and its impact on the real estate industry. With changes set to take effect on August 17, the team discusses the key alterations, including the non-disclosure of commission rates and the mandatory buyer agency agreements. In this episode, the hosts break down the nuances of the NAR settlement and its potential effects on both buyers and sellers. They explore the complexities of co-op compensation, how it has traditionally been managed through the MLS and the challenges that real estate agents may face with the new regulations. The conversation also touches on the broader implications for transparency in the industry, the varying responses from different MLS regions, and potential future shifts in real estate practices. Stay Tuned to the Royal Family Real Estate Podcast to stay up to date from local real estate experts.