The Impact of MLS Changes and Buyer Broker Agreements
In March, an agreement was reached following the class-action lawsuit filed against the National Association of Realtors (NAR) and other large real estate companies. The fallout includes several changes and new regulations that will affect many in the home building space for years to come.
On Oct. 10, NAHB will host a webinar titled “The Impact of MLS Changes and Buyer Broker Agreement” to detail what builders need to know about these industry regulations, including how to advertise in the multiple listing service (MLS) system and leverage your own channels to stay competitive.
Speakers include Kimberly Mackey, founder of New Homes Solutions; Alaina Money-Garman, founder and CEO of Garman Homes; and Lance Lambert, co-founder and editor-in-chief of ResiClub.
“This webinar is essential for understanding how to turn industry changes into competitive advantages,” said Mackey. “Attendees will learn how the NAR ruling affects commissions, realtor programs and advertising practices, with perspectives from both large and small builders, and a Q&A session to address specific concerns.”
The webinar will help answer common questions such as:
- What is the NAR ruling?
- What is a Buyer Broker Agreement?
- How are seller concessions defined, and how can you advertise them?
- Can you offer a bonus or a higher commission?
- What will happen if you want to pay a lower commission?
- Can you still offer a Realtor VIP program?
“Members can expect to learn not just what the new rules are but how they will impact different members of our industry,” said Money-Garman. “I’m glad to provide our perspective as a local private builder. This isn’t a one-size-fits-all impact. I think each of us will arrive with a unique take and point of view.”