
3 Simple Takeaways You Should Know…from the National Association of Realtors Settlement I have been a full-time broker for more than 15 years, and though my primary role is facilitating the sale of real estate, I also educate consumers on best practice and updates that affect you. Though the information below is relevant to all states, I’m specifically speaking to my home state of Washington. The Association (NAR) has reached a proposed settlement with the plaintiffs in the case brought against NAR, but it is not yet finalized and could change. For consumers, the settlement creates added transparency around brokerage compensation and how brokerages are paid. Traditionally, in real estate, the seller has the responsibility to compensate both the listing and the buyers brokerage. The buyers financial responsibility traditionally has been downpayment, closing costs and appraisals and inspections. That could now change. The first change, which was already signed into la...