National Land Realty’s Post

Delve into my latest opinion piece shedding light on the NAR settlement's implications for Canadian real estate. https://lnkd.in/gk43i66E

Despite the ongoing lawsuit with the NAR, it's crucial to understand that commissions have historically been determined by individual firms rather than the NAR itself. David Hoffman my CEO and friend, provides insightful perspective on the potential outcomes of this legal matter. He emphasizes that the shift will likely bring positive changes, primarily in terms of requiring individuals to sign agency contracts before viewing properties. This procedural adjustment promises to foster clarity in relationships at an earlier stage of the real estate transaction process. Drawing parallels to the practices in commercial real estate, where commission percentages are typically communicated through direct inquiries or written documentation, underscores the feasibility and familiarity of such a transition. While it's essential to engage in dialogue with listing agents, the role of residential buyer agents remains indispensable. The focus now lies in consistently demonstrating the value they bring to clients, ensuring their continued relevance and efficacy in the evolving real estate landscape. https://lnkd.in/esShNewr

Great article to help understand the basics of the NAR settlement and what it means for Real Estate.

Wondering what the effects of the NAR Settlement will be on the market and all parties involved in the real estate transaction? This is the BEST article I have seen yet. Worth the 5 minutes to read!!

https://lnkd.in/gvZWdcRt I want to start by addressing the "misinformation" involving the landmark settlement that could impact real estate practices and commissions as we know them. There is a lot of uncertainty out there. And there are tons of people who thrive on that, they love to stir the pot and tell you “The Sky Is Falling.” Here is the important thing to understand: Paying a commission is not going away. Just like in any profession, there are fees associated in working a professional, whether an attorney, consultant, financial advisor, etc. The cooperating commission amount, if offered, cannot be advertised on the multiple listing service (MLS), proposed for this July. There will end up being different places where it can be determined how much commission is being offered out to a cooperating buyers' agent. The amounts may vary, and buyers will either have it negotiated along with the price or in some cases pay all or a portion out of pocket.

A lot of misconceptions about the NAR settlement. This article is worth the read! As always, message me if you have any questions about all things real estate.

Attention Real Estate Professionals and Market Watchers, In my latest blog post, I've delved into the recent National Association of Realtors (NAR) settlement and its implications for the real estate sector. This settlement marks a significant shift, impacting how we handle commissions, client agreements, and, ultimately, how we conduct our business. I invite you to read the analysis and share your perspective on these changes. How do you think they will affect our industry and practices? Your insights are invaluable as we navigate this evolving landscape together. Let’s engage in a constructive dialogue to better understand and adapt to these changes. Please read, comment, and share your thoughts on this pivotal development. Looking forward to your feedback, Danny Frank, The Pearland Real Estate Expert https://lnkd.in/gu-icJxy #RealEstate #NARSettlement #IndustryChange #ProfessionalInsights #RealEstateDiscussion

Discover how the proposed $418 million settlement agreement between the National Association of Realtors (NAR) and home sellers is poised to reshape the real estate landscape. Read more below. https://lnkd.in/gEV_yjuQ

❌️Do not be caught off guard by the hidden costs of selling a property🏠💰 The excitement of selling a property is often accompanied by a lack of awareness about the intricate financial aspects involved. First-time sellers are often caught off guard by the many often-overlooked hidden costs and need to be prepared for all the extra expenses✅️ #kwselect #properties ⬇️Read more on the link below ⬇️ https://lnkd.in/dcRwvbQ2

Good summary of the real estate settlement.  Myths debunked!