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Settlement Saga
Small Firms and Agents Push Back on NAR Agreement
Splits and Caps Daily: Action for Agents
December 27, 2024
đ Market Move:
Brokerage Backlash
The fallout from the NAR settlement continues to snowball, with seven appeals now in play. The latest challengers are raising concerns about how the settlement impacts members, particularly smaller brokerages and agents with minimal market participation.
The key issues? Critics argue that the settlement unfairly shifts costs onto all NAR membersâeven those who didnât significantly benefit from the market practices in question. Theyâre also questioning the competitive dynamics, suggesting the new rules tilt the playing field in favor of big brokerage firms at the expense of smaller players.
This ongoing turbulence signals potential shake-ups in how the real estate commission structure operates. If these appeals gain traction, expect more scrutiny on industry practicesâand perhaps even more reform down the line.
đQuote of the Day:
"There is no substitute for hard work." â Thomas Edison
đđ€ Agent Poll
How do you feel about commission changes potentially impacting smaller brokerages? |
đ Fun Fact of the Day:
Free Land Giveaway: In the 1860s, the U.S. government offered settlers 160 acres of land for free under the Homestead Act. All you had to do was live on it and farm it for five years. Imagine that pitch today!
đ Resource Recommendation:
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Thatâs it for this week! Keep showing up, stay consistent, and rememberâsuccess is built one intentional step at a time. Letâs make today count!
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