Did NAR’s Buyer Contract Info Provide The Clarity You Need? Pulse
May is Commission and Compensation Month here at Inman. We’ll sort through the noise and misinformation and provide you with the most up-to-date facts and strategies about how to prosper in the wake of the commission settlements. And look for straight-to-your inbox updates with Inman’s new weekly digest, Commission Chronicles.
Pulse is a recurring column where we ask for readers’ takes on varying topics in a weekly survey and report back with our findings.
Last week, NAR Chief Legal Officer Katie Johnson sent an email to NAR members clarifying policy changes that follow the trade group’s recent commission lawsuit settlement. Among these clarifications is the requirement for brokers and agents to sign contracts with buyers they are “working with” before the buyer “tours any home.”
With questions of agency, agreements and compensation on the line, let us know: Did NAR’s clarification provide the insight you need? Do you feel comfortable that you now know the rules of the road, or are you waiting for more details to come? What education and training are you receiving (or seeking out) to ensure that you’re on a firm footing by August? Let us know below:
We’ll compile a list of the top responses and post them on Inman next Tuesday.
