Mini Episode #1: NAR Settlement Unpacked
The conversation revolves around the recent settlement between the National Association of Realtors (NAR) and several brokerages, which will result in more negotiation of commissions. This settlement will lower the cost of buying and selling a home for buyers and sellers but may drive some real estate agents out of business. The traditional model of listing agents setting a fixed commission in the MLS will no longer be the norm. Instead, commissions will be individually negotiated between buyers and their agents. This change may lead to the emergence of different models to cater to different levels of service needed by buyers.
