When over 7,000 industry professionals gathered for the California Association of Realtors' annual convention, issues of misinformation about new homebuying rules greeted them, revealing significant confusion.
Agents expressed frustration over increased paperwork and client competition at open houses. One agent mentioned that competitors were 'pirating away clients,' intensifying the pressure on them during transitions.
CAR Assistant General Counsel Gov Hutchinson highlighted the concern among agents, remarking that they will likely look back on the time before August 17 as 'the good old days' in real estate.
Barbara Betts pointed out the overwhelming nature of these changes, calling it 'the largest fundamental shift we've ever seen in our industry,' reflecting the magnitude of new regulations on realtors.
#real-estate #homebuying-rules #california-association-of-realtors #industry-confusion #regulatory-changes
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