PROFESSIONAL DEVELOPMENT POWER HOUR SERIES

An exchange of information and discussion for and by REALTORS® to ensure that all of your clients and customers are receiving equal treatment and representation, and most importantly - the best you have to offer as an industry and people.

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Presented by Toni Mims-Bowman & Gregory Maley

PROFESSIONAL DEVELOPMENT POWER HOUR SERIES

Tired of the real estate roller coaster? CB Johnson discusses how to develop strategies that can help any REALTOR® THRIVE as the real estate market shifts from one extreme to the other!

Powered by CFR Professional Development Committee

Presented by CB Johnson

Professional Development Power Hour Series

Prescription without diagnosis is malpractice! Statistically Speaking, all REALTORS® should be able to independently and effectively analyze and communicate about any type of real estate market! Do you want to learn how to maximize effectiveness in business planning, client selection, communication, and client representation? 

Powered by CFR Professional Development Committee

Presented by CB Johnson & Amanda Parmer

Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public. This does not include New Construction Listings, Commercial or Rental Property Types.

NAR concluded that leaving listings outside of the broader marketplace excludes consumers, undermining REALTORS®’ commitment to providing equal opportunity to all. The policy doesn’t prohibit brokers from taking office-exclusive listings, nor does it impede brokers’ ability to meet their clients’ privacy needs.

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Burnett v NAR Verdict Resources

October 31, 2023 - Statement from NAR

After an 11-day trial in the case of Burnett v. NAR et al, the eight-person jury in a Kansas City, Mo., federal courtroom came back Tuesday and found NAR and other corporate defendants liable in the case.

NAR had presented in court that its rules prioritize consumers, support market-driven pricing and promote business competition. This matter is not close to being final as NAR will appeal the jury’s verdict. It will likely be several years before this case is finally resolved.  

NAR stands by the fact that its guidance for local MLS broker marketplaces ensures consumers get comprehensive, equitable, transparent and reliable property information and that brokerages of any size, service or pricing model get a fair shot at competing. NAR will continue to focus on our mission to advocate for homeownership and always put consumer interests first. 

Frequently Asked Questions

 I am a new REALTOR® member. CAN someone start at the beginning and tell me what the Burnett trial is all about?

The complainants alleged that property sellers are damaged when their listing broker offers to compensate the   buyers’ representative. The lawsuits allege that various NAR rules and our members’ adherence to those rules have led to artificially fixed and inflated commissions being paid to real estate professionals.

How does this verdict affect me as a REALTOR® (both as a buyer’s agent and a seller’s agent)? 

While the verdict is disappointing, we’re currently ‘business as usual.’ NAR has emphasized two things for many years, and these two facts remain:

• One is the use of buyer representation agreements, which maximize transparency by putting all agreements in writing to ensure clarity and understanding, as all members are obligated to do pursuant to the NAR Code of Ethics. These agreements formalize the professional working relationship with clients and detail what services consumers are entitled to and what the buyer agent expects from their client in return.
• Second, it’s also imperative for members to continue to express the following:
  • Commissions are negotiable and set between brokers and their clients
  • Explain how local MLS Broker marketplaces promote equity, transparency, and market-driven pricing for consumers and
  • Persistently communicate the incredible value agents who are REALTORS® provide.
• Members need to continue to discuss compensation and utilize our buyer agency and exclusive right to list agreements