Everyone has heard of the National Association of Realtors (NAR) settlement. It has been making the rounds on news headlines and social media posts for weeks and months on end, and for good reason—it’s touted to rock the real estate industry for the first time in decades. Naturally, people have made a ton of predictions, leading consumers to believe the worst is about to happen.
Today, I’m going to break down three common misconceptions about the NAR settlement to help you better understand the changes that we will be seeing in the future. Feel free to watch the complete video or use the timestamps below to browse through the topics that interest you the most:
0:00 — Introduction
0:20 — NAR updates
0:50 — Myth 1: No more commissions
1:05 — Taking commissions the old way
1:33 — Sellers want fairness and transparency
1:53 — Commissions should be a choice
2:28 — Myth 2: NAR issue made prices drop
2:27 — Myth 3: Drastic market changes
4:02 — Mandatory written agreement
4:30 — Better real estate industry
4:46 — Wrapping up
5:00 — Contact me
Once the new policies are set into place, we will likely see more changes in the future. But one thing that won’t change for a seasoned real estate professional like myself is how I prioritize my clients’ well-being and interests in helping them reach their goals, whether they’re buying their dream home or selling. So, if you have any questions about the NAR settlement, or if you have plans in real estate, call or email me today. I’d love to help you out.
