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National Assoc. of REALTORS: Fostering Consumer-Friendly Real Estate Marketplaces

By Kymberly Franklin posted 02-02-2024 15:34

  

NAR’s CEO Sets Record Straight on Commissions:

National Association of REALTORS® Interim CEO Nykia Wright addresses false claims about commissions in real estate. Learn how NAR makes efficient, transparent, and accessible marketplaces possible, serving consumers and advancing homeownership.

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Most consumers work with a real estate professional because they recognize that technology is no substitute for an expert helping them to navigate risk, avoid pitfalls, and obtain results.

NAR has led our industry forward for more than 100 years by focusing on ethics, professionalism, advocacy, and putting consumers first. The result is transparent and competitive marketplaces, satisfied clients, and stronger communities.

NAR’s guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent, and reliable home information, and that brokerages of any size, service, or pricing model get a fair shot at competing. NAR's policies expressly prohibit MLSs, associations, and brokers from setting or suggesting real estate commissions or fees. Compensation is always negotiable between agents and their clients.  

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