ANew York relator is sounding the alarm over “misinformation” involving a landmark settlement that could impact real estate practices and commissions as we know them.
“I know I speak for a lot of real estate professionals when I say that we’re upset with a lot of the misinformation that is getting circulated about the proposed settlement,” relator Brittany Sandarciero told Fox News Digital.
“What these proposed changes will do is clean up a lot of real estate agents who don’t run their business like an actual business or keep up with new rules and regulations. Proving your worth and showing your value as a realtor will be what keeps those true professionals in the field, while others will leave the profession from lack of worth and lack of business.”
The National Association of Realtors (NAR), reached a settlement last week that will alter policies regarding broker commissions.
The agreement comes due to a series of lawsuits nationwide which claim the policies have allowed for inflated fees and even violated antitrust laws.
“As it’s always been a free market, buyers and sellers may choose to hire a real estate professional to represent them, or they may not. No one is forcing anyone to work with a realtor or forcing them into an agreement they aren’t aware of,” Sandarciero said.
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