Welcome to the podcast show “End Times for Buyer Agent Commissions?” with Tim and Julie Harris, America’s #1 Real Estate Coaches. In this episode, we will discuss the National Association of Realtors (NAR) facing multiple lawsuits related to their Buyer Broker Commission Rule, also known as the Participation Rule, and their MLS policies. These lawsuits could have a significant impact on real estate agents and the industry as a whole. We will summarize the top-level details of the lawsuits and offer our opinions on what will happen next and what agents should be doing about it. We will also discuss ten key points to consider, including the potential changes in how commissions are structured and paid to agents and how buyer agents will need to learn how to formally present their value to the buyer, and what their buyer agent service fee will be. Join us to learn more about the impact of these lawsuits on the real estate industry and what you should be doing to stay prepared for potential changes in the industry.
WARNING: 2023 Housing Market
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