NAR Settlement Hot Topic As Major Changes Take Place

The $418 million settlement that has rocked the real estate industry since it was announced by the National Association of Realtors continues to be a hot topic, and as the dust begins to settle, industry professionals are creating a strategy for what to do once the changes go into effect.Writer Nicole Murray sat down to talk about the agreement with Jules Zaphire, a real estate professional at The Pantiga Group, who is licensed in New York and Connecticut; Shant Banosian, executive vice president of sales at Guaranteed Rate in Waltham, Massachusetts; Gabriella Lisi, a realtor associate at RE/MAX Revolution in New Jersey; and Rob Jensen, broker/owner of the Rob Jensen Company in Las Vegas.Murray also spoke with Professor of Economics Patrick Gourley from the University of New Haven in West Haven, Connecticut. He started the conversation by talking about the current state of the housing market and whether people should wait for mortgage rates to go down before buying a home.