"I've never seen an environment where compliance has taken such precedent over everything else," said John Heithaus, highlighting the newfound importance of adhering to compliance rules in real estate.
"If you mess up today, it's not just a slap on the wrist from NAR. It's a certified letter from the Department of Justice (DOJ)," emphasizing the severe consequences of non-compliance after the new rules.
The new business rules imposed by the proposed National Association of Realtors antitrust settlement ban blanket offers of compensation to buyer agents on MLSs, signaling a significant shift in real estate practices.
Agents are finding creative ways to get compensation offers around the new rules, such as subtly manipulating listing prices, showing the lengths agents will go to circumvent regulations.
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