In this episode of Entrepreneurial Impact, David Donaldson and Keith Barrett discuss the recent settlement agreement between the National Association of Realtors (NAR) and a class of plaintiffs. The settlement includes a payment of $418 million over three years, adoption of new practices, and cooperation with ongoing lawsuits. They explore potential changes in compensation for buyer agents and emphasize the importance of understanding and communicating value propositions. This conversation highlights the need for agents to stay informed, adapt to the evolving landscape, and provide valuable services to clients.
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