As we approach the changes set to take effect in July, it's essential for all stakeholders in the real estate market to understand the implications of the new stipulations from the National Association of Realtors (NAR). These changes will impact buyers, sellers, realtors, and lenders alike, reshaping certain aspects of how transactions are conducted.

I recently had the opportunity to discuss these upcoming shifts with Michelle Johnson from Hero Loan Teams, who shed light on how these new lending laws will intersect with NAR's directives. One of the key areas of focus is the clarity surrounding who the agent is working for in a transaction. This aspect has been a point of confusion, particularly regarding disclosure of commissions and representation.