This morning, Greg and Dan brought in real estate attorney Jim Manning, President of PAAR Bill McCarthy, and Chief Executive Officer of PAAR Jennifer Hamm to discuss a new ruling in a lawsuit against the National Association of Realtors. 

This discussion will help to provide some clarification on the ruling against the NAR. Taking effect this Saturday the ruling will be changing rules for the real estate industry to make an effort to increase transparency between realtors and their customers, buyers or sellers. This interview Greg and Dan ask about the new Buyer Agency Agreement, specifically what to be aware of with a potentially legally binding document, changes in who is responsible for the commission of the realtors, and the dissolvement of Multiple Listing Services.

When asked, Jennifer’s advice at the end of the interview is: “Be prepared… to have conversations with your agent and your lender.”