Starting August 17th: NAR Settlement Brings Industry-Wide Changes
Beginning August 17, 2024, the NAR settlement will introduce significant changes to real estate practices nationwide, including right here in Columbia County. Below are the key updates that buyers and sellers should be aware of, along with resources for further details on this important industry shift.
What Buyers Need to Know
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Buyers will now be required to sign a written agreement with their agent before viewing a property (including virtual tours).
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This agreement must clearly outline the agent’s compensation details.
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No written agreement is required for initial discussions or when attending open houses.
Learn more about the impact on buyers here →
What Sellers Need to Know
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MLS listings will no longer display whether the seller is offering compensation to a cooperating broker.
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Sellers may still offer compensation to buyer agents, but it will need to be communicated outside the MLS.
Learn more about the impact on sellers here →
How Beach & Bartolo is Preparing
At Beach & Bartolo Realtors, we’ve been preparing for these changes for months. Our team is fully equipped to guide both buyers and sellers through this evolving landscape with professionalism, transparency, and care.
If you are considering buying or selling in Columbia County, choose an agency that is ready for what’s ahead—and committed to putting your best interests first.
