What the NAR Settlement means for Home Buyers and Sellers

by Sarah Arlington


As we approach August 17th, when changes will come about in the real estate industry due to the NAR (National Association of Realtors) settlement many home buyers and sellers are asking for clarity.
Believe it or not, there are just TWO changes that you can expect. In order to meet early compliance standards The MLS is implementing their changes today. This way they can avoid any last-minute complications. Rooster Homes is taking a proactive approach when it comes to supporting our clients and will also begin following the new guidelines. 
 
Starting today, the following updates will be implemented:

1. Removal of Compensation Information in The MLS: In accordance with the NAR settlement terms, all mentions of compensation will be removed from MLS listings. This change aims to promote greater transparency and fairness in the real estate industry.

2. Mandatory Use of Buyer Representation and Broker Compensation (BRBC) Agreement: As part of the settlement conditions, the use of the Buyer Representation and Broker Compensation (BRBC) Agreement is now mandatory for all Realtors. This agreement outlines the duties, obligations, and compensation terms between Realtors and their clients, ensuring a clear understanding and agreement in all transactions.
 
Rooster Homes takes pride in taking an education-forward approach to all things real estate-related. We know that informed clients succeed! The time we invest in bringing clarity, answering your questions, and taking your calls so you feel supported is part of our value system and we are always here to help.
 
Here are some resources you can access to get more information on what the NAR settlement means for home buyers and sellers. 
 
 

Let's schedule a call or you can reach out via text or email so we can discuss your questions and what strategies I use to ensure your home-buying experience is a smooth one. 😊

Your Trusted Advisor

Sarah Arlington, MS, BCBA

(818) 296-7282

sarah@roosterhomes.com

 
 

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Claudia Chan

Helped me rent a Condo home in Playa del rey, Playa del rey, CA.

My best friend referred me to Sarah when my boyfriend and I were looking to relocate to California from New York City. Sarah is very friendly, responsive, and thoughtful. When we had our initial conversation about looking to rent, she was very transparent about taking the time to research which areas/neighborhoods that we would be interested in before seeing any of the listings. During our visit, she was available to show us some listings and I thought she really asked the right questions. She was also very on top of our requests like reaching out about pet deposit/fees and scheduling showings. She made us feel very taken care of too because we were new to renting and working with an agent. We did eventually find our home to rent with her help and she made sure to read through the rental agreement for any errors or mistakes. It was a smooth process and overall, we were very happy with our experience and highly recommend her!

Kylie Lam

Helped me rent a Apartment home in Alhambra, CA.

Sarah made apartment hunting so much fun and hassle-free! She was very responsive and supportive throughout the whole process. Sarah provides a wealth of knowledge in terms of comparative leasing comps, negotiating, and overall application progress. Lastly, I never met any other agent that emits as much genuineness and compassion as she. I highly recommend her as an agent for leasing or buying!

Janet Sau Sum Cho

Bought a Single Family home in 2022 in East central, Pasadena, CA.

Brandon is so positive, supportive, and responsive to any and all my needs in the entire process of looking and buying a new home. He is extremely patient, knowledgeable about the market and procedures, thoughtful, and made excellent recommendations every step of the way. Honestly, he went above and beyond my expectation! I feel very confident with Brandon. I appreciate that he helped me to analyze what I need together, and find the perfect place for my partner and I.