What if the commission is only $1? NAR’s legal team weighs in

At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can’t count on a “standard” commission and will have to negotiate compensation with clients and listing brokers. Continue reading

Danger ahead: MLSs consider agent alerts for perilous properties

At the National Association of Realtors’ midyear conference, a committee on Realtor safety suggested adding MLS data fields to point out hazards such as inconsistent cell service and limited visibility from the road. Continue reading

NAR votes to require fair housing training for all 1.5M Realtors

Members will be required to complete two hours of fair housing training every three years beginning in 2025 following a vote Thursday by the National Association of Realtors’ board of directors. Continue reading

NAR votes to raise membership dues in alignment with inflation

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year. Continue reading

The seller’s market is roaring back as buyers vie for limited inventory

A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow. Continue reading

‘AI terrifies me’: Tips for Realtors on how to avoid the new tech’s pitfalls

At NAR’s midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics. Continue reading

NAR chief economist: ‘The Fed made a mistake’

At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading

Soaring spring home prices are very real — and widespread: NAR

For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors. Continue reading

Fair housing training for agents will be mandatory under NAR proposal 

The National Association of Realtors’ Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025. Continue reading

NAR membership dues would rise with inflation under new proposal

To cover an expected budget deficit, the National Association of Realtors’ Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes. Continue reading