The recent episode of The Daily podcast featured Debra Kamin discussing the aftermath of the National Association of Realtors (NAR) settlement and its intended reforms in the real estate market. While there were lofty expectations for these changes to revitalize competition and provide relief to consumers, Kamin highlighted a significant loophole that agents are exploiting to bypass restrictions on compensation discussions. This has led to skepticism among industry professionals about the effectiveness of the settlement, as many believe the targeted reforms aren't being rigorously followed in practice.
Kamin stated that agents have found straightforward paths for sharing offers of buyer broker compensation beyond the MLS, deeming it the "great real estate workaround."
Despite high expectations and grand rhetoric surrounding the NAR settlement, agents continue to engage in the same commission discussions, undermining the intended changes.
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