We can't seem to get out of our own way. We want to continue to do the things that got NAR and your Brokerage sued. We continue to do workarounds on compensation and try to steer sellers into giving more comp through Broker to Broker compensation.
We need to change how commissions are handled. Stop doing the workarounds that could lead to legal trouble and understand the implications of steering in real estate transactions. The potential for future lawsuits is real if the industry does not adapt to new regulations and practices.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.
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