Real Estate Podcast: What the NAR Settlement Actually Means for Real Estate Agents

The Real estate industry has just changed FOREVER… and you should be HAPPY about it. This is a great thing for agents and consumers. On Friday, March 15, 2024, The National Association of Realtors® (NAR) has agreed to a landmark settlement in industry lawsuits, paying $418 million in damages and agreeing to sweeping changes in the U.S. commission structure.

According to NAR’s own statement, the settlement, if approved by the federal court judge, would settle all legal claims against NAR, as well as “over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.” Along with paying $418 million in damages, NAR has agreed to put in place a new rule prohibiting offers of buyer broker compensation on the MLS.

NAR has also agreed to a new rule that would require MLS participants—specifically those working with buyers—to enter into written representation agreements with their buyers.

The NAR settlement has brought significant changes to the real estate industry, particularly in terms of commission flows and rules. This episode discusses the impact of the settlement on real estate agents and provides key details about the changes. We also dive into HOW to negotiate commission with buyers and the importance of offering competitive compensation as a seller.

In this Real Estate Podcast, from Massive Agent Podcast, we hear who the settlement helps and hurts, emphasizing the opportunities it presents for great real estate agents. It concludes by emphasizing the importance of education and having a strong support system to thrive in the industry.

Real Estate Podcast: AI Can Skyrocket Business – The Tools You Need To Know About

AI can do so much for the real estate agent. It has the power to analyze vast amounts of data in real-time, providing us with invaluable insights into market trends, buyer behavior, and property valuations. Yet so many people are not taking full advantage of it.

Many agents are still confused about the different AI products and programs and don’t know how to make it work for them.

How do we implement AI into our business for maximum results? How can we use it to unlock new opportunities? What are some of the AI programs we can use to boost our business?

In today’s Real Estate Podcast, from Real Estate Uncensored, founder of Likely.AI Brad McDaniel joins us to break down all things AI for the real estate space, some of his favorite AI programs and how utilizing AI can take our businesses to the next level.

You’ll also learn;

  • The nuances between different AI products
  • Where are we within the AI ecosystem?
  • The data problem with AI
  • The level of discretion needed to use AI
  • What is Grok?

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Real Estate Podcast: Growth of eCommerce and AI Fuel Industrial Real Estate Outlook

In today’s Real Estate Podcast, from The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Senior Commercial Real Estate Economist Xander Snyder discuss the outlook for industrial properties and why industrial remains a relative bright spot in the broader commercial real estate market.

AgencyLogic shares the best real estate podcasts daily. Click here for more great podcasts!