NAR Settlement
The recent National Association of Realtors (NAR) settlement has caused a stir in the real estate world, and while it primarily impacts home sellers, there could be some indirect effects on rental property owners. Here's a breakdown of what you need to know:
- The Settlement: NAR agreed to pay a hefty sum to settle lawsuits alleging they inflated commission rates through their influence on Multiple Listing Services (MLS).
- Potential Impact on Selling Rentals: While the settlement focuses on home sales, it might lead to increased competition among agents seeking listings. This could potentially lead to lower commission rates when selling your rental property.
- Finding Agents for Rentals: There might be a temporary dip in agent availability for rentals as some adjust to the new landscape. However, increased competition could ultimately lead to better deals for landlords in the long run.
- Not a Direct Impact on Rental Management: The core aspects of rental agreements and management shouldn't be significantly affected.
Creators and Guests
Host
Jonathan Forisha
Jonathan is the Director of Education and Community at TurboTenant, where he leads a team dedicated to helping landlords provide a more welcoming rental experience while they grow their portfolio of rental properties. Before joining the TurboTeam, Jonathan co-led marketing efforts at The CE Shop, and his team was responsible for creating over 1000 pieces of content for real estate agents across the country. He’s been the recipient of awards by the Content Marketing Institute, and has also previously worked as a freelance photographer, videographer, and once worked on a reality show where a woman slapped her boyfriend with a fish.
Host
Krista Reuther
Krista Reuther is the Senior Content Marketing Writer at TurboTenant where she writes data-driven, actionable material to help landlords and renters alike. With decades of writing and editing experience, she’s produced top-quality content across various industries, including real estate, SaaS, and survey design/implementation. Before TurboTenant, Krista worked at The CE Shop, editing scores of educational blogs, webinars, newsletters, and ebooks full of real estate agent education. Making difficult topics accessible and underscoring the importance of interpersonal relationships is a top priority for Krista. When she’s not helping landlords and tenants, she’s an avid poet, an aspiring chef, and an amateur comic.
