NAR Settlement | 6% Commission Gone Forever?
Channel: Living & Loving Phoenix By Gordon Hageman 
Date: 21/03/2024

I dive into the latest developments shaking up the real estate sector. With the landscape of real estate evolving rapidly, staying informed about what’s really going on has never been more critical. Our video serves as your go-to source for clarity amidst widespread misconceptions and media narratives.

1. **Unpacking Recent Changes**: 
    We kick things off by tracing back to how the recent shifts in real estate regulations and
    practices came to be, setting the groundwork for a factual breakdown.

2. **Top Facts Every Home Seller Needs to Know**: 
    - **Freedom to Sell Without an Agent**: Uncover the truth about the non-requirement of real estate agents in selling properties.
    - **Understanding Real Estate Commissions**: Get the lowdown on commission fees and the flexibility that actually exists.
    - **Your Perspective Matters**: Realize the value of your unique views on the role and usefulness of real estate professionals in today's market.

3. **Real Estate vs. Other Professional Services**: 
    By comparing real estate services to hiring legal or automotive experts, we offer a fresh
    perspective on what professional services entail and their costs.

4. **Cutting Through Media Misconceptions**: 
    - **Decoupling of Real Estate Commissions**
    - **Real Estate Commissions Can No Longer Be Advertised in the MLS**
    - **Buyers Will Need to Enter Into an Agreed Upon Compensation and Representation from a Real Estate Agent**

5. **Setting the Record Straight**: 
    - Real estate commissions are not illegal or going away.
    - You are still allowed to use a real estate agent.
    - Your home value or the value of homes will not necessarily go down.

Settlement Resources:
1. Litigation FAQ - March 19, 2024: https://www.nar.realtor/sites/default/files/documents/nar-member-q-a-2024-03-19.pdf

2. Financing FAQ - March 20, 2024: https://cdn.nar.realtor/sites/default/files/documents/nar-facts-financing-faq-2024-03-20.pdf?_gl=1*n10wsb*_gcl_au*NTk1MTI1ODAxLjE3MTA5NjkxOTg.

3. Settlement Agreement: https://cdn.nar.realtor/sites/default/files/documents/nar-settlement-agreement-download-2024-03-15.pdf?_gl=1*j1sdef*_gcl_au*NTk1MTI1ODAxLjE3MTA5NjkxOTg.