Agents are being closely watched as they navigate the new rules of buyer agreement and commission-sharing. From Michael Ketchmark to the advocates behind Moehrl, everyone is emphasizing the importance of compliance.
Whether you’re refining your business model, embracing new technologies, or gearing up for the next market trend, Inman Connect New York will equip you to take bold steps forward. The Next Chapter is about to unfold. Join us and thousands of real estate leaders on Jan. 22-24, 2025.
On The Download, Inman’s Christy Murdock delves into the top-read stories of the week to provide insights for the week ahead. This week highlights the increased scrutiny on agents as they navigate the new rules of buyer agreement and commission-sharing.
Agents and brokers have been frustrated by recent commission-related lawsuits and settlements, which have exposed a real estate conspiracy regarding commissions. Industry watchdogs are closely monitoring discussions and strategies that hint at potential commission-sharing activities.
TAKE THE INMAN INTEL INDEX SURVEY FOR AUGUST
Recent developments have shed light on the Department of Justice’s scrutiny of the real estate industry. Consumer Advocates in American Real Estate, represented by Doug Miller and Wendy Gilch, are at the forefront of holding agents accountable for complying with the new regulations.
In a phone interview, lead Sitzer | Burnett plaintiffs’ counsel Michael Ketchmark emphasized the consequences of violating the NAR settlement and the need for brokers and MLSs to adhere to the new business practices to avoid legal action.
The focus is on ensuring compliance with the National Association of Realtors’ proposed settlement, as attorneys are prepared to take action against any violations.
EXTRA: In lawns and on key chains, stealth commission offers raise red flags
As the industry evolves, staying informed and following the rules is crucial to avoiding costly mistakes. We provide guidance and analysis to keep you on the right track.
The commission change mega-FAQ you need to kick off the historic week
Get answers to common questions about the newly implemented commission settlement rule changes as the “New Normal” takes effect.
EXTRA: NAR settlement rules: Live updates as the real estate changes roll out
Watch out for these 3 pitfalls to avoid pricey fines in your future
Trainer Rachael Hite shares tips on avoiding steep fines and staying compliant to prevent competition from reporting violations.
EXTRA: Law firms seek $36.8M out of $110M settlement pool in Gibson
Got commission questions? This compliance expert has answers
Compliance expert Summer Goralik addresses common queries about commission settlements as the industry transitions post-settlement.
given sentence in a different way: “The cat was chasing the mouse around the house.”
The mouse was being chased by the cat throughout the house.