Real Estate Realities With Robert "the Rebelbroker" Whitelaw

The NAR settlement is in the final stages of approval and will likely go into effect in the middle of July 2024. It is not an understatement when I say that this change to how buyers agents are being compensated will introduce chaos into the real estate world until the systems in place adapt to this new reality. BUYERS HIT HARDEST These changes will leave Buyers having to directly pay their agents themselves. However, none of the current systems in place, including lending, are ready for this change. While it will lead to many more options for buyers in terms of representation, it also introduces risks to Buyers that they are likely not going to be aware of. SELLERS MAY NOT BE OFF THE HOOK While the new rules prevent Sellers from openly offering compensation to Buyers agents, there are methods that can be used for Sellers to contribute to "Closing Costs", which would then be used to compensate Buyers agents. Why would Sellers do this? The bottom line is that it will get their property more attention and also