Key Points
The NAR settlement proposal released in March 2023 is making waves in the real estate industry. The settlement comes out of the claim that real estate agents colluded to keep prices high in order to earn high commissions and is attempting to decouple real estate commissions from home sales prices. There’s a lot of buzz around this topic without many concrete facts since the settlement (as of this writing) has not been accepted by the Department of Justice (DOJ). Many realtors online are we weighing in with their opinions, join us today as we speak to the Click Mortgage co-owner and Southern California, branch manager, Jeff Steinman to hear a lenders perspective of what is happening, and what could happen down the road.
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~Rob
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Robert Breiner. Licensed Loan Officer NMLS# 1199942 | BRE# 01960372 Golden Bear Capital Inc. DBA Click Mortgage | 10174 Old Grove Road Suite 140, San Diego, CA 92131 | Phone: 888-440-3001 | Fax: 888-500-5815 Golden Bear Capital Inc. DBA Click Mortgage (NMLS# 284021) is licensed by the California Department of Business Oversight (CFL License# 603H185) and the California Bureau of Real Estate (License #01847011), Nevada Division of Mortgage Lending License #4043), Utah Division of Real Estate (License #6332409), Washington Department of Financial Institutions (CL-284021).
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