Impending Changes from the NAR Settlement

Significant business practice changes stemming from the NAR settlement are set to take effect on August 17th, raising concerns among real estate agents. Many agents fear that these shifts could lead to financial losses and even a potential decrease in commission rates. While some agents are experiencing panic, others are calmly preparing and adapting to the changes, indicating a spectrum of readiness across the industry. Agents in states where changes were already implemented reported that prior experience has equipped them to handle the upcoming transition with confidence.