THE NAR PRACTICE CHANGES EXPLAINED

Dana+Jeff Luxury Homes

08/5/24

THE NAR PRACTICE CHANGES EXPLAINED

 
You may have heard about the upcoming practice changes by the National Association of REALTORS®. Our goal is to simplify the two key changes that go into effect August 17.
 

1. Every buyer represented by a NAR-affiliated agent is now required to sign a Buyer Representation Agreement formalizing the relationship between the buyer and broker before touring properties

 

 

2. Buyer’s agent compensation can no longer be advertised on the MLS. Compensation has to be advertised, offered, and negotiated outside of the MLS. This can be done through phone, email, or in-person conversations with the listing agent.

 
Together, we will navigate the changes to rules and regulations in our industry while continuing to provide the same exceptional service we always have.  
 
 

Have questions about the NAR Settlement and its impact on you as a buyer or seller? Contact us HERE—we'd love to help navigate your questions and concerns!

 
 

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We offer the highest level of expertise and service with integrity. Jeff Biebuyck & Dana Olmes are Luxury Homes Specialists in Calabasas with a particular expertise in representing residential estate properties throughout the West San Fernando Valley, Conejo Valley, Malibu and Greater Los Angeles area. As consummate professionals, Jeff Biebuyck & Dana Olmes provide their clients with the highest level of service to reach their unique real estate goals.

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