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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