Transparency in Real Estate & An Update On The Brokerage Commission Lawsuit

Mike Freeman of Coldwell Banker, updates us on the National Association of Realtors (NAR) lawsuit settlement that took effect on August 17th. Mike explains how the settlement has introduced significant changes in terms of transparency regarding brokerage commissions for both buyers and sellers. He highlights the ethical practices of Coldwell Banker and contrasts them with less transparent practices within the industry. The podcast also delves into the implications of the settlement on market dynamics, the necessity of buyers' agent agreements, and the importance of clear contracts. The episode concludes with a light-hearted segment on comfort foods.

Topics

01:00 Impact of NAR Lawsuit on Real Estate

03:38 Changes in Brokerage Commissions

10:00 Buyer's Agent Agreements Explained

18:15 More About Mike: Comfort Food

19:53 Contact Information and Closing Remarks