HousingWire Daily
This Iowa broker’s model could be the future post-NAR settlement
Mar 20, 2024
Exploring the future of real estate post-NAR settlement, discussing innovative commission models and negotiations. The podcast dives into seller-side commission responsibility, challenges faced by buyers' agents, and the need for transparent communication in evolving market conditions.
40:33
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Quick takeaways
- The $418 million NAR settlement could reshape agent compensation rules, sparking industry debates and potential changes.
- The 3% Listing Co. model introduces transparent seller-paid commissions, hinting at future shifts in buyer agent compensation.
Deep dives
Potential Changes in Real Estate Agent Commissions
The podcast discusses a $418 million settlement between the National Association of Realtors and home sellers, which, if approved, could impact how agents work and get paid. The agreement bans the NAR from setting rules that allow a seller's agent to determine compensation for a buyer's agent. This could lead to changes in the industry, with debates about whether the settlement will significantly alter transactions or just redistribute existing money.
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