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The settlement resolves litigation related to agent compensation and aims to increase transparency and consumer choice in real estate transactions. It introduces new mandatory rules on how commissions are communicated and how buyers and sellers are represented.
The key provisions and rule changes resulting from the settlement are scheduled to become effective on August 17, 2024
The settlement makes a written agreement for buyer representation mandatory for all transactions. This ensures clarity on the scope of the agent's services and the agreed-upon compensation prior to touring properties.
You can access both a summary of the new rules and the full, in-depth details of the NAR Settlement by clicking the Download PDF link provided on this page
Yes. The Nathan Johnson Team is fully prepared and compliant with the new rules, ensuring we guide all our buyers and sellers through the updated transaction process with maximum clarity and professionalism.
" Nathan Johnson and his team have been a big help in getting my deceased brother’s house ready for sale. They hired stagers, a photographer, and a videographer who have all helped make it look as great as possible. It hasn’t been on the market long and we’ve already got a buyer! I highly recommend anyone who’s looking to buy or sell a house to go with Nathan Johnson and his team. You won’t be disappointed. "
~~Tamalee