The news of NAR’s Settlement Proposal in the Sitzer Burnett case released in mid-March has been covered by national news outlets like the New York Times, CNN, NPR, etc. Coverage has been full of conjecture about what could happen to commission rates, home prices, and the profession of real estate agents in general.
The original press release from NAR has a great description of what the settlement proposal does and does not include, and NAR continues to update the FAQs posted on facts.realtor.
Like with any change in our industry, it is crucial to stay informed of the facts and implications of this news. Now is a great time to brush up on your skills, review the language you use with clients, and make a plan with your team on what will need to change in your general practices.
Informational Webinars:
NAR Resources:
NVRA and VAR are continuing to monitor coverage of the settlement and will keep you apprised of breaking developments as swiftly as possible.
