Kirsten Smith’s Post

Many homeowners and potential homeowners have questions about the recent NAR settlement case, and Barbara Corcoran does an excellent job of quickly explaining its impacts. If you want to chat about this, please reach out! I am passionate about this topic and would love to share some boots-on-the-ground insight. I believe that real estate brokers who clearly articulate their services, responsibilities, and how they earn their professional fees will continue to run successful businesses and that buyers and sellers will have more confidence in their real estate representation than before. Watch: https://lnkd.in/gFqHS5TW #narsettlement #realestatenews #denverrealestatenews #narlawsuits #chrishurwitz #be1team #compassagents #compassboulder #boulderrealestate #thisiscompass

The National Association of Realtors (NAR) settled for $418M in a lawsuit known as Sitzer-Burnett, and it shook up the real estate industry. Sitzer-Burnett is a class-action lawsuit that was filed in Missouri federal court by a group of home sellers in the state against NAR and other defendants, including Anywhere, Berkshire Hathaway HomeServices, Keller Williams and RE/MAX. The plaintiffs claimed that real estate commission rates are too high, buyers’ representatives are paid too much, and NAR’s Code of Ethics and MLS Handbook, along with the corporate defendants’ practices, lead to inflated commission rates. What's next for real estate agents and the industry as a whole? At this time, there are only proposed changes. If the settlement is approved, these changes would go into effect in mid-July 2024. Watch the video below to learn more! https://lnkd.in/gJHhXnPi

Big changes are happening for Realtors and their commission structure. There are many lawsuits out there against different firms and the National Association of REALTORS accusing them of “price fixing” the commission paid in a real estate transaction. I really like what the CEO of the NAR has to say. #NAR #REALTORS #ATBH #Realestate

🏠💥 Entering a bidding war for your dream home? Don't just bid, bid smart! Our latest blog post, 'The Art of Negotiating: How to Win in a Competitive Bidding War,' is your ultimate guide to mastering the real estate battlefield. Learn top strategies to outshine the competition without overstretching your budget. Ready to claim victory in the housing market? 🌟 Dive into our expert tips now! 🔗 https://lnkd.in/gYMVbQ42 #RealEstateWin #BiddingWarStrategies #HomeBuyingSuccess

𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐢𝐧 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞: 𝐍𝐀𝐑 𝐄𝐧𝐝𝐬 𝟔% 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝 The National Association of Realtors (NAR) has settled landmark antitrust lawsuits by agreeing to pay $418 million and abolishing the long-standing 6% commission rule on home transactions. This seismic shift introduces new regulations that prohibit including agents' compensation in multiple listing services, among other changes, aiming to lower the costs of buying and selling homes significantly. The settlement, which is yet to receive judicial approval, could slash real estate commissions by up to 50%, heralding a new era of competition in the housing market and benefiting consumers with lower prices. This historic change is expected to transform the real estate industry, offering a more competitive and transparent homebuying experience. #RealEstate #NAR #HomebuyingCosts #AntitrustSettlement Source: https://lnkd.in/eYtFtHcu

🚨 Major Shifts in Real Estate🚨 The recent verdict against the National Association of Realtors (NAR) and leading brokerages marks a pivotal moment for real estate: $1.78 Billion Verdict: NAR, Keller Williams, and HomeServices of America found guilty of collusion over commission rates. Impact: Challenges traditional commission structures, potentially lowering housing costs. DOJ's Role: Reinforces the push for transparency, with ongoing investigations aiming to dismantle commission-sharing. What This Means: For Professionals: Time to adapt to a market prioritizing fairness and transparency. For Consumers: A move towards more accessible real estate transactions. Your Thoughts? How do you see these changes affecting the real estate industry? Drop your insights below. #RealEstateTrends #MarketInnovation #ProfessionalGrowth #NAR #Ethics

"Can I sell if I owe more than it's worth?" 🏠 Yes, you can do a "short sale" if you owe more than the value. In a short sale, the lender accepts less than what's owed. This allows you to sell and avoid foreclosure. 🔒 But the process can be tricky, so work with an experienced agent! Downsides exist like credit score impact and taxes. Before deciding, speak to a financial advisor. Selling can be stressful, but options exist to help! 🆘 Do More. Be Better.™️ Licensed Real Estate Salesperson Diane Betz @dianebetzrealtor 631.241.0298 Eric G. Ramsay Jr. Associates, LLC 236 West Main Street Bay Shore, NY 11706 www.ramsayrealtors.com You have a right to fair housing. Fair Housing Notice. Link bio to view. Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442—H . Link bio to view #dianebetzrealtor #experience #ethics #professionalism #thehelpfulagent #longislandrealtor #longislandrealestate #southshorelongisland #discoverlongisland @dianebetzrealtor

Confused about the NAR settlement and its impact on San Diego real estate? Don't worry, you're not alone! The media has created a lot of myths, including claims that home prices will plummet. In this video, we'll clear up the confusion and explain what the settlement really means for San Diego sellers and buyers. Thinking of buying or selling in San Diego? The NAR settlement might raise some questions, and we're here to help! Contact us today for a free consultation to discuss how it affects you. #NARSettlement #RealEstateNews #SanDiegoRealEstate Compass DRE# 01430056

And here it is! HOTMA delay for HUD Multifamily programs. Likely to be applied for most state LIHTC agencies, as well. Read about it on the Housing Rules Blog. https://lnkd.in/gDQigPYN

🏘️ The evolving density bonus law is creating new opportunities, says Allen Matkins Partner Timothy Hutter. The Summer 2024 Forecast sees multifamily housing growth ahead, driven by rising home prices, rental rates, and eased regulations. More insights: https://hubs.li/Q02JTNGS0 #Multifamily #CRE #Housing #DensityBonusLaw