Here is what you need to know about the recent NAR lawsuit.
Today, we need to discuss a hot topic: The recent NAR settlement that will change how commissions are paid for buyer’s agents. The short version is that nothing is set in stone, and we don’t know exactly what will happen. However, we have a pretty good idea of how things will change legally. That’s why I’m going to go over how commissions work, how things might change, and what it all means for you.
You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
1:00 — How commissions used to work
2:05 — Buyer agency agreements will become more common
3:44 — How buyer’s agents are paid will change
5:15 — Buyers may have to pay their agents directly
6:42 — Wrapping things up
This is a pretty complicated topic, so call or email us if you have any questions. I look forward to hearing from you!