Realtor Commission Changes! The NAR Lawsuit Settlement

Do you need to pay commission? In this deep dive, we explore the complexities of the National Association of Realtors Settlement Agreement, debunk common misconceptions, and provide valuable insights into how these changes are reshaping the real estate landscape. Discover what this means for your real estate decisions, whether you're buying or selling. Don't miss out on crucial information that could impact your next move in the market! #RealEstate #HomeBuying #HomeSelling #RealtorCommission #nationalassociationofrealtors #marketupdate
00:00 - Introduction
02:00 - Insights on the National Association of Realtors Lawsuit
03:45 - How Negotiable Commissions Affect Buyers and Sellers
04:54 - New Real Estate Routes and Processes Explained
05:51 - The Role of Buyer's and Seller's Agents in the New Landscape
06:53 - Misconceptions About Realtor Fees
08:28 - Strategies for Sellers in the New Commission Structure
10:06 - The Buyer's Perspective: Negotiating Agent Fees
12:30 - How the Changes Impact Realtors' Earnings
14:02 - The Shift in Buyer-Seller Dynamics and Agent Negotiations
16:16 - Final Thoughts and Navigating the New Real Estate Environment
Paige Fingerhut Charnick
Paige is Broker & CEO of Beach Equities and is an active Long Beach community leader. With over 25 years of experience in the real estate, escrow & legal fields, Paige prides herself on both her skill at negotiation, as well an extremely high level of client care. She maintains expertise in probate, trust, and conservatorship sales, as well as court-ordered sales and partition actions, Paige works extensively with attorneys, CPA’s, trustees, administrators, and conservators. She is asked to speak regularly at professional trust and estate organizations on a range of topics from the particulars of the probate purchase contract to the real estate temperature in local markets.
How to contact Paige: www.beachequities.com/agents/...
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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Juan specializes in selling multifamily apartment units as well as residential properties. He prides himself in locating value-added properties that maximize the client’s investment yields. Juan is a detail-oriented entrepreneur.
Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.
BRE 01417642​​​
www.SageREGroup.com
Follow me on social media:
Instagram: / multifamilylongbeach
Facebook: / sageregroup
LinkedIn: / juanhuizar-sagerealestate

[@paige.charnick]

thanks for inviting me for the conversation Juan - I appreciate the collaboration, always!

[@SageRealEstate]

Thank you 🙏 Paige for being our star guest ⭐️

[@beachequities]

we're excited for this one!

[@albundy3929]

I heard there are is a buyer lawsuit coming as well, is thie true? Thanks, y'all!

[@SageRealEstate]

We are definitely hearing that.

[@albundy3929]

I can see sellers suing soon for not being allowed to mention everywhere how much they are willing to offer to the buyer agent. This lawsuit will actually make sense because NAR is hurting their ability to make their house as attractive as possible that may result in a lower price offerred.

[@SageRealEstate]

I agree ☝️ Brokers websites will have the seller offered fee. Which makes this whole lawsuit pointless.

[@CammieKN]

Agreed! I see a lot more lawsuits coming up and sellers will not get as much for their house.

[@user-ts3vh9ms5j]

Goodbye to the half-baked Real estate agent, I see this as a positive change in Real estate now more opportunities to work with serious buyers and full transparency. we all know that not everyone is a REAL ESTATE AGENT some of them would get the license and sell grandma's property and brag that real estate is easy. I'm seeing a lot of them going away The buyers will adjust to cater for more fees, just like anything it's always the consumer who will adjust to the price and I don't think it's an unfair price to work with someone that will help you find a home and make sure your interest as a buyer is met. I just see this as more education for first-time home buyer

[@SageRealEstate]

Do you know the old saying that when you're born, they give you a birth certificate and a real estate license 🤣 I agree there are too many people out there and many that are just doing it half fast. This is a business for professionals not someone that's treating it as a hobby or side hustle.

[@user-ts3vh9ms5j]

@@SageRealEstate Amen!