The NAR Settlement: What You Need to Know
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The NAR Settlement: What You Need to Know
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About this listen
Effective August 6, the National Association of Realtors (NAR) settlement introduces new regulations that will impact how real estate transactions are conducted. Angie Cole explains that the settlement stems from a lawsuit where a seller claimed they were forced to pay the buying agent's commission. The outcome has led to two major changes: commissions can no longer be listed in the MLS database, and real estate agents must have a signed buyer agency agreement before showing a property.
Find out more about how these changes impact you, whether you are looking to buy or sell a house in the near future!
Here’s some of what we discuss in this episode:
- What regulations will be implemented due to the NAR settlement.
- Media misconceptions regarding the settlement changes.
- Mailbag: Saving for land purchases?
- Mailbag: What first-time homebuyers should know about urban areas?
Check out our listings: https://www.acolerealty.com/
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