Selling It Sunny Side UP!

Big Change in Real Estate

August 19th, 2024 10:43 AM by Joe Minotto

As a result of the NAR settlement in the Sitzer-Burnett lawsuit Changes went into effect on Saturday, Aug. 17.

Specifically:

Offers of compensation are prohibited on Multiple Listing Services (MLSs). Offers of compensation will continue to be an option consumers can pursue off-MLS through negotiation and consultation with real estate professionals.
Agents working with a buyer must enter into a written buyer agreement before the buyer can tour a home. The practice changes do not require an agency agreement or dictate any type of relationship.
New Forms and procedures are in effect.

Posted by Joe Minotto on August 19th, 2024 10:43 AM

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Selling It Sunny Side UP!

Big Change in Real Estate

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