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NAR Settlement - The Impact on the Commercial Real Estate Industry

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Welcome to my channel and in today’s video, I am going to answer the question "NAR Settlement - The Impact on the Commercial Real Estate Industry"
▶️ Visit to know more: www.raphaelcol...
Each week, I answer questions asked by our viewers on topics pertaining to commercial real estate. If you're interested in having your question answered, feel free to email me.
▶️ raphael@grisantigroup.com
▶ With the subject line of "Weekly CRE Question"
In today's video, we discuss the recent NAR settlement and the impact it will have on the commercial real estate brokerage business.
If you're interested in buying, leasing, or selling commercial real estate, I'd be happy to help! I look forward to helping you reach your real estate goals!
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Опубликовано:

27 авг 2024

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Комментарии : 7

@berkshirehathawayrealestat2671 Месяц назад

Hey Raphael. I don’t see the settlement will affect any CRE agents at all unless they are a resi-mmercial agent, working for a residential brokerage who allows their agents to do both and that brokerage is a member of the local association that is a member of NAR. Even then, if a residential agent is doing a CRE deal I believe it’s of no effect on them because you only have to have a signed BBA prior to touring a HOME, not a commercial property. Even a fourplex held for investment is considered residential.

@RaphaelCollazo Месяц назад

Great point! It will be interesting to see how this plays out over the coming years.

@VegasRey 2 месяца назад

Hi Raphael, are CRE agents required to join NAR the same way residential agents are (if they want MLS access)? I'm thinking of making the transition, as I'm much more interested in business and investing than helping people find their forever home. Thank you for all of your help! CRE is not a very popular subject on RU-vid, so it's difficult to learn.

@RaphaelCollazo 2 месяца назад

Hey man! Yes, to gain access to the local MLS, you will need to join your local association of realtors and, by extension, NAR. Having said that, several agents in our local market are not members of NAR. We have a separate Commercial MLS that is regulated by our local Association of Realtors (GLAR). Since many commercial agents do not sell residential real estate, they opt to not sign up for the residential MLS, thus, avoiding having to affiliate with NAR. I am a member of NAR but, depending on how your local MLS is set up, you may not have to be. Hope this helps.

@mikesmith1702 5 месяцев назад

Do you see the commercial brokerages getting sued next?

@RaphaelCollazo 4 месяца назад

That's a great question! I'm not sure if it will affect CRE Brokerages as much as residential brokerages. In CRE space, it's not uncommon for the listing agent not to cooperate with a buyers agent. Therefore, implied cooperation is not really a thing. Having said that, anything is possible so I'll definitely be interested in seeing how it shakes out.

@ANIMALVIDEO214 5 месяцев назад

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