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The NAR Changes and What They Mean- Part 1

Friday, March 22, 2024   /   by Chelsea Hilderbrand

The NAR Changes and What They Mean- Part 1

Here’s what you need to know about the NAR lawsuit and changes.

How will the recent NAR lawsuit and subsequent commission changes impact our market? A lot of agents are worried, but I’m personally thrilled about what happened. At the end of the day, this change means that commission charges will just be calculated and distributed more fairly, both for agents and consumers. However, I understand that this topic is a little confusing. That’s why today, I’m breaking down how upcoming commission changes will affect home sellers, buyers, agents, and more.

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:30 — How will this affect sellers?

1:43 — A recent example

2:49 — Some buyers may go unrepresented

If you have questions or comments about this topic, please call or email me. I know it’s a lot to think about, and I’d love to hear from you.