New Real Estate Commission Laws 2024

NAR has recently reached a settlement in the case regarding real estate commissions. Real estate professionals, like me, are very busy lately navigating the troubled waters that are swirling around us.

First of all, a few disclaimers. These views are entirely mine. I am not representing anyone else. In addition, my views are strictly from the viewpoint of me as a real estate agent. I know to stay in my lane. I am not a loan officer, a mortgage company, a politician, or a real estate attorney. Also, the National Association of REALTORS has very clear language about not setting prices and about allowing for negotiations in listing agreements. This is made very clear throughout real estate school and during broker meetings, classes, etc. And finally, I will not discuss politics here, and I will not allow politically-motivated comments to be added. I will discuss the facts, as we know them so far, and I will discuss what I think will happen in the future.

Read on to see my take on the changes that are likely coming in July, 2024.

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