Thank you for attending “Running a Value-Driven Business” — I hope the resources here are helpful to you!
BREAKING NEWS! 5/21/2024: VA Signals Temporary Suspension on Buyer Agent Payment Plan, via NAR: “The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday at a Mortgage Bankers Association conference in New York.” While this is only a temporary change to the current rule, NAR will continue the fight to ensure that VA-eligible borrowers have the same access to representation and home choice as buyers using all other types of financing.
RESOURCES FOR YOU
Facts.realtor is NAR’s official clearinghouse page for all updates and information regarding the proposed lawsuit settlement, as well as comprehensive settlement resources. Here you can find answers to FrequentlyAsked Questions (FAQs), answers to FAQs regarding financing, and a Settlement Agreement Facts Toolkit to help you discuss the settlement with your agents and colleagues, as well as consumers, including social media assets to share. You can also find detailed MLS Policy Changes, a Settlement Fact Sheet, and the full Settlement Agreement.
NAR has also created a campaign explaining the value of REALTORS®, “179 Ways Agents Who are REALTORS® are Worth Every Penny of Their Compensation.” Additional information and updates can also be found at Competition.realtor.
Finally, make sure you tune in to The Advocacy Scoop, NAR’s new advocacy podcast!
Beyond the NAR resources, realtor.com has also created a Buyer Agency Toolkit for REALTORS® to use when talking to buyers.
RESOURCES FROM TODAY’S SESSION:
OTHER RESOURCES/READING:
- “Making it easier for Ohioans to become homeowners,” by Ohio REALTORS® CEO Scott Williams, on cleveland.com
- “Are First-Time Homebuyers the Big Loser in the NAR Settlement?” via National Housing Conference
- Deal Estate segment on Business First – Dr. Jessica Lautz, deputy chief economist and vice president of research for the National Association of REALTORS®, discusses spring real estate market trends, projections on what’s ahead for the rest of 2024, NAR’s first quarter metro home prices report, and what home buyers and sellers need to know right now.
- Open Letter from the California Association of REALTORS® to dispel home buying and selling myths being propagated by news media coverage of the NAR proposed lawsuit settlement
- REcases.com – REALTOR® Anthony Lamacchia, broker/owner of Lamacchia Real Estate, has created an incredibly informative site with videos for brokers and owners on buyer agency, the details of the lawsuits, and a wealth of additional information. I highly recommend!