Hey Mortgage Brokers,
Heads up! The recent NAR settlement will impact how buyer agents get paid, and that could have some downstream effects for us. Here's the lowdown:
- Negotiation Takes Center Stage: Buyer agent commissions won't be pre-listed on the MLS anymore. This means you might see more clients approaching you who need help navigating commission discussions with buyers and sellers.
- Communication is Key: Transparency about your fees and the loan process will be even more important for building trust with clients in this new environment.
- Potential for Increased Demand: With a focus on negotiation, buyers may value brokers who can offer a seamless and transparent loan origination experience.
Thinking of Expanding Your Reach?
The NAR settlement might make becoming a dual-licensed loan originator (MLO) more attractive for some brokers, creating a one-stop shop for clients. Remember: Check your state's regulations for dual licensing.
Calyx Zenly by Your Side:
While Zenly isn't here to negotiate commissions, it excels at streamlining the loan origination process. This frees you up to focus on building strong client relationships and navigating the changing market landscape.
Stay Tuned: We'll keep you updated as the market adapts to the NAR settlement.
