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Unpacking NAR Settlement And Buyer Agency: 60 Days Later - What We Know Now

Join eXp leadership as they dive into the recent NAR settlement and what exactly it means for real estate agents. This presentation will bring clarity to you, your buyers and your sellers. 1. Contract Revisions: We've got some important contract revisions for buyer agreements and listing agreements that you need to know about. Stay ahead of the game and ensure smooth transactions for your clients. 2. Let's Get Clear on Open Houses: Open houses are a vital part of showcasing properties, but are you up to speed on the latest guidelines? Let's discuss best practices and ensure your open houses are both effective and compliant. 3. New Timetable Alert: Mark your calendars! We have a new timetable for when the latest rule changes go into effect. Don't get caught off guard – be prepared and adapt to the updated regulations. 4. The MLS's Emerging Role: The MLS isn't just a platform for listing properties anymore. It's now playing a crucial role as the enforcer of these rule changes. Learn how to navigate the rule changes in this evolving landscape of real estate to avoid fines and penalties. Stay tuned for more updates and insights as we navigate these changes together! #RealEstate #Update #MLSChanges 🏠✨ #expproud Chapters 00:18 Overview of NAR Settlement and Buyer Agency 02:32 Practices Going Forward 04:48 Timeline and Process 06:08 MLS Enforcement and Responsibilities 08:25 Shift in Buyer Agency Dynamics 16:03 Brokerage Activities Requiring Agreements 18:25 Emphasizing Buyer Agent Preparedness 22:18 Advice on showcasing buyer representation skills 25:16 Proactive approach to client engagement 26:57 Importance of professional strategy meetings 30:11 Introduction of single property buyer broker agreement 34:33 Adapting to changing industry standards 43:06 Open House Guidelines 46:18 Company Support and Tools 48:37 Market Strategies and New Construction 56:42 📝 Company Updates and Marketing Support 01:00:05 🌟 Best Practice Tips