EP217 What You Need To Know About The New Real Estate Regulations

The Really REAL Real Estate Podcast

On October 8, 2019, the case of Joshua Sitzer, et al. v. The National Association of Realtors, et al. was opened in the Antitrust Division of the U.S. Department of Justice. Nicknamed “The NAR Lawsuit” for short, this almost 5-year old class-action lawsuit has created some significant shakeups in the world of real estate! Today, we talk about the basics of this lawsuit and what buyers and sellers need to know as these changes are just now coming into effect in real estate world, not just locally, but across the entire country! TALKING POINTS (3-5):

• Introduction
• What is Joshua Sitzer, et al. v. The National Association of Realtors, et al.?
• Discuss the two major changes that have come about as a result of this lawsuit:
  • Buyers’ agents must have a signed BAC to show buyers homes
    • BACs outline the commission that a buyer’s agency charges for their services
  • Buyer agency compensation will no longer be allowed to be advertised on MLS websites
• Discuss what sellers need to know about offering buyer agency compensation.
• Discuss what buyers need to know about working with a buyer’s agent/agency.
• Final thoughts
  • The waters are still be navigated with this lawsuit!

HASH TAGS: #nar #lawsuit #sellers #buyers #homebuyers #firsttimehomebuyers #buyeragent #buyersagency LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: [phone] Email: [e-mail] AIR DATE: AUGUST 16, 2024