Navigating Real Estate Changes: What the Recent NAR Settlement Means for You
Posted by Heather Hudson on
As of this past Saturday, notable changes were implemented nationwide following the National Association of Realtors (NAR) Settlement Agreement. These changes were introduced to resolve claims related to broker commissions and are designed to benefit you, the homebuyer.
Buying a home is one of the largest financial decisions you'll ever make, and having a knowledgeable Realtor by your side is crucial. Here’s what these changes mean for you:
1. New Rules for Compensation: The most significant change is that NAR has introduced a rule prohibiting compensation offers on the Multiple Listing Service (MLS). While offers of compensation will no longer be listed on the MLS, you can still negotiate compensation with your real estate professional off-MLS.…
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