N.A.R. Commission Settlement. What do I need to know?

Valued Clients,

We know that the recent National Association of Realtors settlement has raised questions and created some uncertainty. We want to assure you that your team at Slifer Smith & Frampton has been prepared for the settlement practice changes well in advance of the implementation date. We have been through extensive training with legal and practice experts.

In short, we are in favor of any regulation, law, or standard that creates greater transparency in our industry. Our singular priority remains our relationships with our clients, and we encourage you to engage with us with your thoughts and questions.

If you have questions, Ask Us.

Two MLS practice changes took effect on August 17.

First, Buyers are now required to sign an agreement for services that clearly outlines how their agent is compensated, which will happen upfront before touring a home.

Second, the buyer agency fee was removed from all Multiple Listing Services (MLS) nationwide. Sellers can still offer compensation off the MLS.

To better understand the impact of these changes, Ask Us.

One thing that hasn’t changed is that Slifer Smith & Frampton will continue to fully focus on serving our clients across Colorado with transparency, accountability, passion, and commitment. We anticipate that this new environment will create a separation among the best service providers in our industry and that continuing to demonstrate our value to clients will be paramount.

For our buyers, we stand by our commitment to:

  • Find the right property – on or off-market – in the location that best suits your lifestyle needs.
  • Be your advocate in negotiating a fair price that is advantageous to your circumstances.
  • Navigate all aspects of the transaction – including interpreting inspections, disclosures, and repairs – with timely, efficient, and transparent communication to ensure there are no surprises.

For our sellers, we stand by our commitment to:

  • Provide market-leading insight and strategy that positions your property for optimal success, including the engagement of buyers’ agents.
  • Engage a rich database of prospective buyers curated over over 60 years of building local relationships and connections.
  • Employ incomparable risk mitigation strategies that ensure full compliance with the numerous legal requirements for home sellers.

We welcome your comments and encourage you to Ask Us any questions about this new landscape.

-Jason Cole
CEO, Slifer Smith & Frampton Real Estate