Doing the right thing is easy in theory, but often the hardest in practice. Our family established Baird & Warner more than a century ago with a mission to serve buyers and sellers with transparency and integrity, and we've endured many changes in our industry during this time.
After decades of opaqueness and several class-action lawsuits, on August 17, updated Multiple Listing Service (MLS) policies were enacted to comply with the National Association of Realtors (NAR) settlement's required practice changes.
The second requirement is a critical pivot, considering the lawsuit against NAR was based on the principles of antitrust and steering. We must follow not only the letter but also the spirit of the settlement and also listen to the tone of the Department of Justice's warnings.
It is clear to me that any broker or real estate company pursuing workarounds, including posting compensation on their website or other advertising, will only perpetuate the same practices that got us where we are today.
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