You’ve got mail: NAR settlement class notices head to consumers

Consumers will learn of the commission settlement via a website, emails and postcards. Claims from homesellers hoping to claim some of the settlement money are due by next May. Continue reading

When is a buyer contract required? At showings — but not open houses

The National Association of Realtors’ proposed settlement agreement requires brokers and agents to sign contracts with buyers they’re “working with.” But what exactly does that mean? Continue reading

‘Business as usual’: Hiccups but few calamities as NAR rules roll out

New National Association of Realtors rules kicked in Saturday. By Monday, agents said they were fielding questions from clients, among other hurdles, but not seeing widespread chaos. Continue reading

In historic first, Nykia Wright named first female CEO of NAR

Wright has served as NAR’s interim CEO since November after she replaced Bob Goldberg. She was instantly thrust into leading an organization in turmoil. Continue reading

Michael Ketchmark: Every move you make, we’ll be watching you

In a phone interview, lead plaintiffs’ counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow’s business model, and the “monster case” that remains. Continue reading

Watch out for these 3 pitfalls to avoid pricey fines in your future

Steep fines can stack up and can swiftly put you in a sticky situation, but what’s worse is when it’s your competition turning you in. Trainer Rachael Hite tells you how to stay on the right side of the rules. Continue reading

Landmark real estate commission rules officially go into effect today

The new rules are the result of the National Association of Realtors’ major antitrust settlement. They’re poised to change how agents are paid and how real estate consumers search for homes. Continue reading

A brave new world awaits the real estate industry. Are you prepared?

Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It’s a brave new world, and it begins this weekend. Continue reading

Are we allowed to let clients know about concessions upfront?

With all the commission confusion surrounding the new rule implementation, compliance expert Summer Goralik answers your burning questions. Continue reading

American Real Estate Association debuts membership program

The association aims to offer an alternative to NAR and is launching its membership program when there is a “lot of dissatisfaction with the status quo,” according to one co-founder. Continue reading