Description

Informational Session

Changes in Realtor Compensation, MLS and Mandated Buyer Representations 

Featured Speaker: Lynda Nugent-Smith

• Past President HBAGNO
• Past President NOMAR 

Agenda (Total Duration: 1 Hour)

1. Overview of Recent Changes

Presentation by the guest speaker on the background and key points of the recent lawsuit settlement between the DOJ and the National Association of Realtors resulting in changes MLS compensation offerings and Buyer Representation mandates.

2. Impact on Real Estate Industry

Detailed discussion of how these changes are likely to affect the real estate industry, Realtors, buyers, and sellers.

3. Specific Implications for Home Builders

Examination of the potential impacts on home builders. buyers and sellers, including cost considerations, sales strategies, and potential adjustments in business practices

4. Strategies for Adapting to Changes

Practical advice and strategies for home builders offering homes through the MLS. Adapting compensation offerings in absence of the MLS as a conduit. Alternatives and communications with licensed agents.

5. Question and Answer Session

Open floor for attendees to ask questions and engage in discussion with the guest speaker. This session allows for deeper insights and clarification on specific concerns or scenarios faced by home builders.