As the NAR deadline approaches, many in the real estate industry remain unclear about key changes, particularly regarding commissions and mandatory documentation for buyers.
The serious penalties for non-compliance with the new regulations, including fines for showing a property or disclosing commissions without the necessary agreements, highlight the urgency for agents to adapt.
Despite the extensive preparations over five years since the lawsuit initiated, many agents appear unprepared, illustrating the knowledge gap within the real estate community.
It's baffling how some agents still misinterpret the new rules, such as mentioning commissions in a way that's clearly against the new provisions from the recent lawsuit.
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