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Hiring a Real Estate Agent With The New 2024 NAR Changes
Manage episode 443607684 series 3502013
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The most impactful changes in the real estate industry has just taken place. Heather Oloboni and Joe Brown discuss the Sitzer/Burnett class-action lawsuit and its sweeping implications. Learn about how the Missouri Supreme Court’s decision affects buyer representation, seller disclosures, and the way real estate agents get compensated. This episode offers a breakdown of the lawsuit, how it changes buyer-seller relationships, and what it means for agents and clients moving forward. Whether you're a buyer, seller, or real estate agent, understanding these new rules is crucial.
Timestamps: 00:00 - Introduction: Major Industry Changes
01:05 - Sitzer/Burnett Class Action Lawsuit Overview
02:15 - The End of Cooperative Compensation in Real Estate
03:40 - How Buyer and Seller Representation is Changing
05:20 - What Buyers Need to Know: The Buyer Broker Agreement
06:35 - Impact on Agents: New Rules and Negotiation Skills
08:10 - Open Houses: What Buyers Should Be Aware Of
10:00 - Agency: Seller, Buyer, and Limited Dual Agency Explained
12:00 - Why Asking Questions is Critical for Buyers and Sellers
15:30 - How Agents Should Prepare for the Changes
18:15 - What This Means for the Future of Real Estate
Have questions about this podcast, topics, real estate or getting your real estate license? Reach out to us! podcast@thetjkteam.com
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https://TheTJKTeam.com
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Oro Valley, AZ 85704
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