The real estate world shifted for realtors and consumers earlier this year after the National Association of Realtors (NAR), representing 1.5 million members, settled multiple class action lawsuits, resulting in changes in how real estate is sold. However, the changes, which took effect on Aug. 17, have resulted in more questions than answers, with confusion reigning in the homebuyer market.
“Every real estate firm handled it differently. A lot of agents were blindsided, and it also takes two to tango, so the consumer also needs to understand it,” Jason Haber, a real estate broker with Compass in New York City, told The Epoch Times. “They’re all confused.”
