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Ambassador
4,711,402
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am not concerned, they might even change the rules in August, then change them again in September, haha.  I have been in real estate long enough to know that there will always be changes.

Apr 02, 2024 06:02 AM
Ambassador
3,166,813
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

The time suck of calling to check on co op offering of commission.  As for my company we plan to list it on our website for agents to look up with ease.

Apr 02, 2024 08:02 AM
Rainmaker
1,551,380
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No concerns, business as usual for me. I see this as a blessing in disguise:
An opportunity for Smooth Sailing In The Storm

Apr 02, 2024 07:27 AM
Rainmaker
2,397,260
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

My biggest concern is that I will be drafted back into RE Service due to a great exodus of agents who don't want to deal with this Michael Elliott ,

Apr 02, 2024 06:37 AM
Rainmaker
1,055,502
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

None yet. We have no approval for any new rules . . . and there is no consensus in the industry. 

Also smite me ARMS if you gotta but this is an election year and it is a possibility that the 'influencers' may change! We don't know yet.

AND💯 what 🧠 said . . . always changes, some good, some not good, always the result of litigation . . .  when I started listing agreements were ONE PAGE front and back on legal paper. 

This is like the warning at McDonalds that the coffee is hot! And here's another we'd love to see the idiocrats try in our presence while we hold a BBQ lighter, one of those with a long reach!

 

Apr 02, 2024 06:17 AM
Rainmaker
265,078
KAREN SANCHEZ
Reputable Realty - Apple Valley, CA
...Marketing your home like no one else will.

This lawsuit doesn't look out for buyers. The results doesn't look out for buyers and here is a crazy thought, sellers were once buyers! One  problem is going to be writing a competent purchase agreement that will allow financing of the buyers choice.  For instance under current rules VA buyers can not pay their agents commision.  Google doesn't substitute for a good buyers agent. This could  throw buyers back into a sub-agency position and they are not going to be protected.

Apr 02, 2024 06:15 AM
Ambassador
2,069,001
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Rules?!  We don't need no steenking Rules!

Apr 02, 2024 07:00 AM
Rainmaker
1,204,261
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

None yet, saying that I am getting pumped up for questions about the new world order  I have a listing appt tomorrow with a seller who is already trying to do a FSBO.  He has it listed with a flat fee agency already but is offering 0 to any agents.  It should be interesting to see how much activity he is getting.  

Apr 02, 2024 06:27 AM
Rainmaker
1,505,203
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

As someone who is on the Board of Directors for my local and state association, my concern is that we most likely will not see these rules until mid to late July and will have a mid to late August implementation date (according to NAR's published timeline).  That does not give us any time to get questions answered or work out the bugs, like with open houses.  Our state has a two-page open house agreement, which will become four pages once the mandatory agency disclosure forms are added) that nobody is going to sign to go see the neighbor's home.

Apr 02, 2024 08:59 AM
Ambassador
3,348,444
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Like so many other things "real estate" the people in the business do not understand it, can't explain it, yet mange to sell it! 

Apr 02, 2024 08:07 AM
Rainmaker
632,375
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

That the settlement approval doesn't happen and then they require all Buyer Agents to be W-2  company employees. Their ultimate goal is to do away with the independent contractor status!

Apr 02, 2024 07:25 AM
Rainer
429,497
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

There will still be licensees without a clue that are able to survive in this industry. Even with all of this, there is no greater barrier to entry, or some sort of legitimate mentorship for new licensees.

Apr 02, 2024 09:02 PM
Ambassador
3,135,573
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Misinterpretation and misinformation. Kind of what's happening now, Michael.

Apr 02, 2024 03:31 PM
Rainmaker
646,665
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I have no concerns about the new rules.

Apr 02, 2024 08:27 AM
Rainmaker
2,783,816
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Rules & regs...phooey. In the end, beginning and middle, its all negotiable.

Apr 02, 2024 06:28 AM
Rainer
380,487
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I will only be concerned about what my broker tells me to be concerned about.  Same until then.

Apr 02, 2024 02:54 PM
Rainmaker
1,320,157
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am going to miss the offer of compensation displayed on the mls. I don't know why that is controversial. I can go from -0- to whatever but at least we would know. The next step would be up to us and our cleints.

Apr 02, 2024 11:25 AM
Rainmaker
7,856,350
Roy Kelley
Retired - Gaithersburg, MD

Patience may be tested until the new practices become normal. 

Apr 02, 2024 10:56 AM
Rainmaker
901,688
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Connecticut has been a buyer agency state for over 20 years; we'll be fine. We will all figure it out. 

Apr 02, 2024 10:43 AM
Rainmaker
2,189,016
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Chaos in General.....,,,,,

Apr 02, 2024 08:43 AM
Ambassador
5,250,841
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Getting my military buyer clients a win for their dream home. We'll figure out a method for the BA to be paid but, if this is accepted by the judge, veterans could be the hardest hit in ALL of this.

Apr 03, 2024 06:43 AM
Ambassador
6,410,847
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

No concerns, we will move on forward with the new paradigms.

Apr 03, 2024 02:43 AM
Rainmaker
480,522
Matthew Sturkie, CRS, GRI 909-969-3805
Action Realty - Apple Valley, CA
CRS, GRI 909-969-3805

I don't really have any concerns at all.   

Apr 02, 2024 10:24 AM
Rainer
467,153
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

I see references to govenmental involvement in some of the comments.  If Michael is asking about the new rules in July as a result of the Sitzer/Burnett vs. NAR lawsuit settlement, I do not see where the government is involved.

It reminds me of when someone complains about their 1st amendment right to free speech being violated when they are asked to be quiet. Unless it is the government telling them to shut up, the 1st amendment doesn't apply.

 

Apr 02, 2024 10:20 AM
Rainmaker
912,968
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No concerns. Nothing has changed yet. If it does, sellers will still offer commission if they want to sell. From what I've seen so far, the only change will be is how listing agents tell buyer agents what the commission is being offered.

Apr 04, 2024 04:51 AM
Rainmaker
765,673
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

By far it's lawsuits

Apr 03, 2024 04:38 PM
Rainmaker
905,375
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

1) It will hurt FHA, VA, and first time home buyers by either keeping them from being able to purchase a home or forcing them to move forward without representation.

2) The madness surrounding the news reports.

3) The additional time and steps it will take to confirm compensation.

4) The issues we may have as listing agents when it comes to dealing with unrepresented buyers and or unrepresented sellers as buyers agents.

Apr 04, 2024 05:55 AM