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E3: Understanding the NAR Settlement and Its Impact on Buyers and Sellers
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In Episode 3, Jerry delves into the pivotal National Association of Realtors (NAR) settlement, a significant development that will revolutionize disclosure practices concerning how sellers and buyers compensate their agents.
Jerry, with his extensive industry experience, explains the litigation that led to this settlement and the practical changes that will be implemented in the real estate industry on August 17th. He discusses how these changes will directly impact buyers and sellers, including the new requirement for signing agreements with agents before viewing properties.
Topics include:
- Overview of the National Association of Realtors (NAR) Settlement
- Historical Context and Industry Changes
- Impact on Buyers and Agents
- Future of Real Estate Transactions
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