NAR's proposed settlement agreement doesn't change your fundamental value | Keeping tabs on NAR membership | NAR to enforce member conduct policies with standing committee
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May 9, 2024
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REALTORS® are having honest and forward-looking conversations about the potential challenges and opportunities presented by NAR's proposed settlement agreement. Hear how your peers are navigating the changing industry terrain in three all-new episodes of REALTOR® Magazine's "Drive With NAR" podcast, hosted by Marki Lemons Ryhal. The episodes bring members not only facts about the settlement but also tools and advice for:
  1. Operating with buyers and sellers under new practice changes.
  2. Showing buyers the value you provide them.
  3. Refocusing on an important benefit of being a REALTOR®: advocacy.
If you're feeling uncertain about what the settlement means for your business, let's talk about it. Tune into "Drive With NAR" at magazine.realtor/drive or wherever you get your podcasts.
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2024 REALTORS® Legislative Meetings
REALTOR® resiliency comes through as the membership number beats forecasts.
Full Story: REALTOR® Magazine (5/9) 
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By transitioning a temporary "Special Committee" to a permanent committee, NAR takes an important step forward in the work of improving the association's policies and culture.
Full Story: REALTOR® Magazine (5/9) 
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NAR President Kevin Sears attended the 2024 REALTORS® Legislative Meetings in Washington, D.C., where he was joined by more than 8,000 REALTORS® who visited Capitol Hill to advocate for your priorities. He also shared about the Culture Transformation Commission's progress and breaking news from his and the Massachusetts delegation's meeting with their member of Congress. Watch his message to you.
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Settlement Answers
How will state laws affect the implementation of the practice change requiring written agreements with buyers?
Written buyer agreements will be required of all MLS participants working with buyers prior to touring a home, unless state law requires a written buyer agreement earlier in time. Get more facts about NAR's proposed settlement agreement at facts.realtor.
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In the News
Pillows, coffee table books and vases are among interior decor items that can be found at a discount, according to designers.
Full Story: Real Simple (5/8) 
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Barbara Brandt is the listing agent for Egan House, a unique Seattle property designed by architect Robert Reichert. The asking price for the two-bedroom, two-bath "sculptural home" is $945,200.
Full Story: Miami Herald (tiered subscription model) (5/8) 
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Only 4 in 10 renters believe they will eventually be able to buy a home, according to a Federal Reserve Bank of New York survey, marking the lowest figure since the survey began a decade ago. The survey also found that half of renters under age 50 don't think they will be able to purchase a home, a first for the survey.
Full Story: BNN Bloomberg (Canada) (5/6) 
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AI is the future, but it can make your job easier now
(Pixabay)
AI can help with everyday workloads by finding examples or comparisons, keeping track of meetings and making tedious work easier, writes technology researcher Alexandra Samuel, who also uses AI to evaluate tone and manage email. AI can also help with tech support, summarizing academic subjects or performing tedious tasks, according to Samuel.
Full Story: The Wall Street Journal (5/7) 
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Job growth may have slowed in April, but corporate profits are increasing, meaning an economic downturn is not necessarily impending. Most companies' first-quarter results show profit growth is on the rise, indicating the economy remains resilient, despite lingering concerns of a potential recession.
Full Story: The Wall Street Journal (5/8) 
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About The National Association of REALTORS®
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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