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In this episode of the Royal Family Real Estate Podcast, Royal Hartwig and Jason Stallard dive into the major shifts in the real estate industry following the recent NAR settlement.
What initially seemed like a huge upheaval, especially with the changes rolled out on August 17, has turned out to be more manageable than expected. Together, they break down how brokers and agents are adapting to these changes, highlighting the new levels of transparency and negotiation power that come with them. Royal relates the industry's shift to the Y2K scare, explaining how the initial anxiety has given way to a smoother transition. The key change is that offers now need to clearly outline agent compensation, which benefits sellers and alters the negotiation game. Jason sheds light on how adapting buyer presentations and agency agreements to these new norms is making a big difference. These updates not only make the agent’s role clearer but also set the stage for better deals. While the changes might have seemed daunting at first, they ultimately help agents offer more professional and distinctive services, setting them apart from the competition. Tune in today to learn ways that real estate experts have been adjusting to these changes- and ways to take advantage of them.