FNHW Blog

For Homeowners & Realtors

Sign In           Register

A Quick Explanation of the Clear Cooperation Policy

by

If you've been paying attention to recent industry news then you'll be familiar with the latest kerfuffle in the real estate world: Clear Cooperation. In 2020 the National Association of Realtors® (NAR) adopted a national policy known as Clear Cooperation. On its surface, it was a response to further answer the call for fair housing. But it also came with a number of strings attached, most notably the mandate to put all new listings on the MLS or face stiff fines and penalties. Now that NAR has inextricably landed in the high beams of the DOJ, it's not surprising that the policy of Clear Cooperation has come under its scrutiny. And more notable still is the amount of disagreement--both for and against the policy--among industry professionals. So if you're scratching your head and wondering … [Read more...] about A Quick Explanation of the Clear Cooperation Policy

Know the Difference Between a Home Warranty and Homeowner’s Insurance

by

Knowing the differences between a home warranty and homeowner's insurance can be a little confusing. But it's important to understand where one begins and the other ends to make sure you have the coverage you need. Following is how to know the difference between a home warranty and homeowner's insurance: … [Read more...] about Know the Difference Between a Home Warranty and Homeowner’s Insurance

How to Make the Most of the New Rules on Your Next Listing Presentation

by

The NAR Settlement went into effect on August 17th, but has been making headlines for the last year. Brought about by several class-action lawsuits and with the weight of the DOJ behind it, the Settlement has effectively changed the way that agents get paid and by whom. As the new reality sets in there still remains a lot of confusion. Keep in mind the new rules* are designed to do several things: Relieve sellers from the obligation of paying commission to the buyer's agent; prohibit advertising an offer of compensation on the MLS; and make it harder for agents to steer clients based on commission amounts. The goal is total transparency. As the new rules relate to the business of listings, your best way forward is to face this head on. Here's how to make the most of the new rules on your … [Read more...] about How to Make the Most of the New Rules on Your Next Listing Presentation