Greetings from Reno-Tahoe!
You've probably caught wind of the buzz surrounding the National Association of REALTORS® (NAR) and their proposed settlement, sparking quite the conversation in the media and possibly leaving you with more questions than answers. Let's dive into what's really going on and clear up some of that confusion. The gist of it is, sellers have always had the choice to offer compensation to the buyer's broker, and that's not changing.
What's new is the way commissions are being advertised. Commissions have been and will continue to be negotiated through transparent conversations with our clients. Additionally, commissions remain negotiable, of course, and are not set by law.
Under the proposed settlement, every buyer
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