Dishin' Dirt on the One Year Anniversary of Sitzer/Burnett-NAR Settlement; a Look at the Good, Bad and Purely Stupid Parts.
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Dishin' Dirt on the One Year Anniversary of Sitzer/Burnett-NAR Settlement; a Look at the Good, Bad and Purely Stupid Parts.
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It has been one year since real estate as we know it was supposed to end with the Sitzer Burnett/NAR settlement. House prices and commissions were supposed to collapse, and no real estate agent in their right mind was ever going to work with a buyer again.
Today, I will discuss the implications of the first anniversary on the real estate industry. I will address the misconceptions surrounding the settlement, the impact on commissions, and the ongoing strength of the Realtors Association. I will also discuss the importance of adapting to changes in the market and understanding the value of real estate agents in navigating transactions.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.