Update on the NAR Proposed Settlement after Implementation and Beyond
Schedule
Tue Sep 24 2024 at 09:45 am
UTC-07:00Location
2221 Oakland Road #268, San Jose, CA, United States, California 95131 | San Jose, CA
Advertisement
Important news from the California Association of REALTORS®2 Important Changes
The spirit of the Settlement is that ALL compensation is negotiable. Therefore, the Seller cannot dictate compensation to the buy side.
To reflect this;
1. Effective immediately, the guidance from our C.A.R. legal counsel is: “There shouldn't be offers of compensation to the buy side ANYWHERE”.
2. The December release of new forms will include an updated RPA that will incorporate the current SPBB into the main body of the contract. Thus, the SPBB will be discontinued. What this means to us….
Compensation should NOT be on any flyers, websites, or marketing materials (this includes social media and chat rooms). If you are asked how much compensation is being offered, the answer is “The Seller is willing to consider offers asking for concessions or compensation.”.
-----------------------------------------------
Join us for an update and review of the new updates regarding the Buyer Representation and Broker Compensation Agreements adopted on August 17th, 2024.
Advertisement
Where is it happening?
2221 Oakland Road #268, San Jose, CA, United States, California 95131Event Location & Nearby Stays:
