Kaua`i Board of REALTORS® Monthly
 

December 8, 2023

LETTER FROM KBR Association Executive, Nani Sadora:

KBR MISSION STATEMENT: “Our mission is to elevate professionalism in our members and to advocate real property rights for all.”


Aloha KBR Members and Affiliate Members:


NATIONAL ASSOCIATION OF REALTORS® (NAR) 


TOP NEWS:


Burnett v. NAR et al - Guidance Regarding Trial Verdict. What does this mean for me and my  business?


We all should continue to express that commissions are negotiable and set between a broker and their client.

  • As always, it is critical to maximize transparency with your clients about their choices and your terms.
  • Continue to use your listing and buyer agreements to help them understand 1) exactly what services and value you are providing and 2) how much you charge.
  • For buyers, this includes options for offers of compensation from a listing broker or paying for your services directly or a combination.
  • For sellers, this includes options to allow offers of compensation to be made by their listing broker to a buyer’s broker, and if so, how much and under what terms.

For the most current updates, please visit NAR competition.realtor.


REALTOR® value information can be located via these links. NAR Resources on defining the value of a REALTOR® can be found at competition.realtor, including the 179 Ways Agents Who Are REALTORS® Are Worth Every Penny of Their Compensation (PDF version 179 Ways Agents Who Are REALTORS®) and 105 More Ways Agents Who Are REALTORS® (PDF version105 More Way Agents Who Are REALTORS®).


NAR’s resource library, a hub of all things real estate that is regularly updated with the most current data for your use; Research and Statistics, a hub of all current markets, Navigating the Real Estate Market and in the news, up to date real estate and NAR news coverage and articles In the News.NAR has provided us with additional information regarding the lawsuit. Please review the info in the link below that can answer questions you may have about the case. VIEW BURNETT V. NAR INFO



MEMBERSHIP:

Membership Count as of November

641 REALTOR Members and 24 Affiliates

(637 REALTOR Members and 24 Affiliates at last reporting)



ALOHA

for Maui ❤

Very important information in this December newsletter,

make sure to click the link below

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