National Association of Realtors (NAR) settlement 2024

Here’s a summary of what the settlement is about:

There were a series of class-action lawsuits that alleged that the NAR’s compensation rules violated antitrust laws. NAR continues to deny that there was any wrong doing, but they settled to put the claims to rest for over one million members and other parties.

These are some of the changes that came out of that settlement:

  • Agents can no longer offer buyer agent compensation in the MLS. This is now done at the time an offer is made, or between agents prior to an offer.
  • Agents must have written agreements with buyers before showing them a property.
  • Sellers can continue to offer concessions for buyers closing costs.
  • The settlement went into effect on August 17th, 2024.

Many of the forms that we use were changed to incorporate the new way of doing business. Other than that it’s business as usual! 🙂

Below are PDF flyers from the National Association of Realtors that you can view and/or download for more information on what the settlement means for you. If you have any questions feel free to reach out to us.

Home Sellers: Here’s what the NAR Settlement means to you.

Home Buyers: Here’s what the NAR Settlement means to you.

Seller’s tip – Don’t take it personal

Selling real estate is a business transaction.

Hello, it’s a beautiful day to talk about real estate.

I wanted to give the sellers a quick seller’s tip today.

When you are selling your property, try to remove the
emotional attachment that you have to your home and
think about selling your property as a business deal,
which is basically what it is.

Continue reading “Seller’s tip – Don’t take it personal”

For Sale by Owner – listen to this before you try to sell on your own.

Hi, my name is Fernando Farinha from Beautiful Day Real Estate.

Today I wanted to talk about hiring a professional real estate agent versus selling a home on your own. Everybody’s got a busy schedule, so do you do you want to add selling real estate to your already full plate? You have to take calls from interested people, not necessarily interested buyers but interested people, wanting to see your property.

Continue reading “For Sale by Owner – listen to this before you try to sell on your own.”
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