• Transparency in Real Estate & An Update On The Brokerage Commission Lawsuit

  • Nov 21 2024
  • Durée: 21 min
  • Podcast

Transparency in Real Estate & An Update On The Brokerage Commission Lawsuit

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  • Résumé

  • Mike Freeman of Coldwell Banker, updates us on the National Association of Realtors (NAR) lawsuit settlement that took effect on August 17th. Mike explains how the settlement has introduced significant changes in terms of transparency regarding brokerage commissions for both buyers and sellers. He highlights the ethical practices of Coldwell Banker and contrasts them with less transparent practices within the industry. The podcast also delves into the implications of the settlement on market dynamics, the necessity of buyers' agent agreements, and the importance of clear contracts. The episode concludes with a light-hearted segment on comfort foods.

    Topics

    01:00 Impact of NAR Lawsuit on Real Estate

    03:38 Changes in Brokerage Commissions

    10:00 Buyer's Agent Agreements Explained

    18:15 More About Mike: Comfort Food

    19:53 Contact Information and Closing Remarks
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