The National Association of Realtors (NAR) continues to face questions from the housing market over the association’s Clear Cooperation rule. This rule is at the centre of a current commission lawsuit that has been ongoing for more than a year. NAR CEO Bob Goldberg recently addressed the issue in response to questions from industry professionals.
The Clear Cooperation rule is a policy that was established in 2018 to promote transparency between real estate professionals, brokerages, and clients. It works to ensure that there is a unified approach to real estate business and provides guidelines for agents and brokers regarding the type of listing information that must be disclosed to the public. This rule has implications for the real estate industry in terms of commission pricing, listing formatting, and marketing techniques.
The most important elements of the text in bullet points:
• NAR’s Clear Cooperation rule
• Established in 2018 to promote transparency in the real estate industry
• Provides guidelines for agents and brokers
• Disclosure of listing information for public
• Implications for the real estate industry in terms of commission pricing, listing formatting, and marketing techniques
You can read this full article at: https://www.housingwire.com/articles/goldberg-back-on-stand-for-second-day-of-defense-testimony-in-commission-lawsuit-trial/(subscription required)
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