Year: 2024

UP IN FLAMES: Real Estate Commissions. (NAR) The National Association of REALTORS flipped the script. Goodbye to agent commissions?

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About this video:
The National Association of Realtors is facing an onslaught of legal challenges, and if this trend continues, it could potentially lead to a financial downfall. Additionally, a growing number of local real estate agents and brokers are opting to sever ties with the NAR in favor of pursuing independent paths. This shift, coupled with potential alterations in commission structures for transactions, holds the possibility of reshaping the landscape of deal-making in the real estate sector. Such changes are anticipated to significantly affect the U.S. economy as well. The high costs of real estate commissions, the evolving role and accountability of agents, and the potential financial implications for buyers due to shifts in commission structures and closing costs. We highlight a growing debate over whether the traditional roles of real estate agents are becoming obsolete in the face of digital platforms that enable direct transactions between buyers and sellers. Additionally, we discuss a broader community interest and concern, indicating a period of significant reflection and potential change within the industry regarding how transactions are conducted and how professionals are compensated.

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Good News Realty Group, Boise Idaho.