Will YOU Survive the Great Commission Shift?
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How are you handling the Commission $hift? Is commission even shifting, or is it just how you practice real estate that's changed?
How are you doing with these changes? Are you hanging in there, freaking out, or proceeding with confidence?
In light of recent changes to commission-sharing policies, which went into effect on August 17, 2024, we've been monitoring the confusion in the marketplace after the first whole weekend of sales activity.
Agents fall into several categories so far:
-Educated, motivated, and entirely in action, operating 'business as usual'.
or
-Confused, needing more direction and leadership, resulting in either in-action or proceeding incorrectly. (This is the case with agents trying to force open house buyers to sign a Buyer Agency Contract before entering the home).
Most agents are somewhere between confident and confused. We'll help you fix that today and tomorrow. Most importantly, we will show you how to simplify all of this using some standard, simple practices that will alleviate stress for both you and your buyer clients!
Our job is to educate you, motivate you, and get you into action in this new environment. We want you all to be in the first category so you can have your best quarter ever. Remember that knowledge = confidence, and ignorance = fear. That's why the following two podcasts will focus on clarifying best and correct practices based on fact, not guesswork.
The following points provide clear and concise direction based on the latest guidelines from the National Association of REALTORS® (NAR). These clarifications will help you navigate the new landscape and ensure compliance with the updated policies.
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