What's Happening Now - NAR Settlement Update

You’ve probably heard about the recent National Association of Realtors settlement and you might be curious what it means for agent commissions going forward. Here are three quick points to clear things up!
➡️ 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗔𝗿𝗲 𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝗯𝗹𝗲: The rates, whether 5% or 6%, have always been up for discussion. Great agents who help their clients get better deals will still earn well.
➡️ 𝗕𝘂𝘆𝗲𝗿𝘀’ 𝗔𝗴𝗲𝗻𝘁𝘀 𝗠𝗮𝘁𝘁𝗲𝗿: Just like you’d want a lawyer in court, having a buyers’ agent is crucial. They protect your interests and help negotiate better deals.
➡️ 𝗗𝗼𝗻’𝘁 𝗕𝗲𝗹𝗶𝗲𝘃𝗲 𝘁𝗵𝗲 𝗛𝘆𝗽𝗲: Reports saying buying a home has become cheaper because of these changes aren’t accurate. The cost of buying a home and how agents are paid are two different things.
Negotiations are still ongoing, so expect more updates. But remember, the value of good service remains unchanged. ☑️
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