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NAR has SETTLED all of its pending lawsuits with a record $418M payout. It calls for an outright ban on the "participation rule" (cooperating compensation) which will effectively eliminate buyer agency. Unless you have the means to pay for a buyer agent, you will no longer have proper representation. This is a sad day for the real estate industry - one that we definitely saw coming on this channel - but sad nonetheless.
Link to article: www.housingwir...
Brian Fitzpatrick - REALTOR® (Boston, MA)
Lamacchia Realty
451 Main St.
Waltham, MA 02452
MA License # 9569380
www.brianfitzr...
brian@brianfitzrealty.com
/ @brianfitzrealty