Marti Hampton

NAR's New Rules: Are Real Estate Agents Going Rogue? The recent NAR settlement has sent ripples through the real estate industry, and it seems some agents are taking advantage of the new rules in ways that may not be in their clients' best interests. Have you experienced a similar situation? Just last week, I had a buyer's agent contact me about one of my client's properties. When I confirmed the appointment, the agent immediately demanded that the seller provide a minimum 2.5% concession to match the listing agent's commission. I explained that our listing agreement had been signed before the new rules and the seller had already agreed to a 4% commission split evenly between the listing and buyer's agent. The agent's response was astonishing. They insisted that a "true split" was necessary for them to make their minimum of 2.5%. When I reiterated that the seller was already providing a fair commission, they canceled the showing just 10 minutes before it was scheduled to begin. This is just one example of the unprofessional and demanding behavior that some real estate agents are exhibiting in the wake of the NAR settlement. It's clear that the new rules have created a power imbalance, and some agents are using this to their advantage. Have you encountered similar situations? How did you handle them? Do you think these behaviors are a reflection of the industry as a whole? I encourage you to share your experiences and thoughts in the comments below. Together, we can raise awareness of these issues and work towards a more professional and ethical real estate industry. #NARsettlement #RealEstateIndustry #RealEstateAgent

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📉 Exciting news for home buyers! NAR's Chief Economist predicts a drop in rates & a rise in existing home sales! 🏠 Could this be the best time to invest in your dream home? Read more about what this means for you and the market! 👉 [Click here to learn more](https://nuel.ink/kdHsCg) #RealEstateTrends #HomeBuying 🏡✨

Looking to sell your home this fall but overwhelmed with where to start? NAR President Kevin Sears joins Real Estate Today to share the top strategies for sellers, including the importance of working with an agent when pricing and listing your home. Listen now for more of his tips, available wherever you get your podcasts. https://lnkd.in/dquzsvt6

NAR Members Blanket Media With Pro-Consumer Messaging As changes in the real estate industry take hold, NAR members have stood at the ready to offer answers for buyers and sellers. Members of the National Association of REALTORS® launched a full-court press over the past two weeks to address the question on the lips of national and local news media around the nation: What do the practice changes in residential real estate mean for consumers? On Aug. 14 alone, four NAR members—President Kevin Sears, Vice President of Advocacy Nate Johnson, Leadership Team Member Vince Malta and Regional Vice President Jennifer Stevenson—participated in interviews that resulted in 311 airings and reached an audience of more than 10 million as part of a virtual media tour. One news story at a time, they worked to: Give consumers an accurate picture of the practice changes; Stress the importance of transparency and choice in a real estate transaction; Reinforce the skill, knowledge and integrity that real estate agents who are REALTORS® bring to the buying and selling public; and  Establish facts.realtor as the single source of truth on the proposed NAR settlement and resulting practice changes. The practice changes, which went into effect Aug. 17, are part of NAR’s proposed settlement to end class action litigation brought by home sellers concerning real estate commissions. Although the settlement doesn’t prohibit offers of compensation, they are no longer permitted on multiple listing services. In addition, before they tour a house with a buyer, buyers’ representatives are now required to get a written agreement that specifies their services and the compensation that they and their buyer have agreed to. The Blitz The Aug. 14 virtual media tour represents only a small fraction of NAR’s communications and outreach since the proposed settlement was announced on March 15. In the weeks leading up to the Aug. 17 practice change implementation date, in addition to communicating almost daily with members, NAR conducted media briefings; released videos, articles and podcasts to walk through the implications of the practice changes; and created consumer-focused content for use by members. As the implementation date approached, the association’s outreach went into hyperdrive, as NAR members did interviews with a wide range of major national outlets, including The Associated Press, USA Today, Marketplace, The Washington Post, ABC’s “Good Morning America,” The Wall Street Journal, CBS Weekend News, Fox News and CNN. In addition, Sears and NAR CEO Nykia Wright appeared on the popular “Real Estate Insiders Unfiltered(link is external)” podcast, hosted by NextHome’s CEO James Dwiggins and Chief Strategic Officer Keith Robinson. And, along with the rest of NAR’s 2024 Leadership Team, the two have taken the stage at event after event to talk about the proposed settlement, the practice changes and the road ahead. -REALTOR® Magazine

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