In episode 32 of the “What’s Up Brighton” podcast, Roger, Eric, and Coach Mark discuss the real estate market in Livingston County. They talk about a lawsuit against the National Association of Realtors (NAR) involving buyer’s agent compensation. The lawsuit has led to industry changes, requiring sellers and agents to negotiate fees directly and have written agreements with buyers.
The hosts emphasize the importance of buyers being well-prepared, including coordinating with lenders and understanding commission structures. They discuss challenges like negotiating when no commission is offered and the impact of mortgage qualification factors. Tune in for an educational and fun episode!
00:00 Introduction to What’s Up Brighton
01:00 Real Estate Buzz
02:10 Understanding the NAR Lawsuit
05:00 Changes in Real Estate Practices
10:00 The Buyer-Agent Relationship
15:00 Navigating the New Real Estate Landscape
20:00 The Financial Implications for Buyers
25:00 Industry Insights and Future Trends
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