NAVIGATING THE NEW REAL ESTATE LANDSCAPE TOGETHER: THOUGHTFULLY and GRACEFULLY

Greetings everyone,

I am reaching out today to address recent developments in the real estate industry that you may have heard about. Some major brokerages and the National Association of Realtors (NAR) have reached an agreement to settle litigation regarding broker commissions on behalf of home sellers. The NAR settlement piece of it is just five days old and pending court approval, and stems from the recent Sitzer-Burnett case in Missouri.

In the coming months leading up to the expected procedural changes in July, there will undoubtedly be much discussion. Rest assured, I'll be closely following these developments and be available to discuss them with you in the days and weeks ahead.

For now, I want to emphasize a few key points:

• While there may be adjustments to practices and paperwork, the fundamental process of buying and selling real estate remains unchanged. We'll adapt as needed.
• I'm here to support and assist you every step of the way, so please don't hesitate to reach out with any questions.
• It's important to approach media information critically. I'm here to help clarify any confusion and discuss the facts together. We're still in the early stages of understanding, and further clarification will come in the weeks ahead.
• This presents a great opportunity for us to deepen our understanding of the economic aspects and compensation structures of real estate transactions, enhancing our ability to serve as your trusted advisors.

If you have any questions or would like to discuss this further, please feel free to give me a call. While I'm not providing legal advice, I can offer insights into real estate matters and potential modifications in buying and selling. I'll reach out in the coming weeks to invite you to further discussions on these changes as well.

Wishing you all a wonderful week filled with grace, kindness, and effective communication. Let's continue to bring out the best in each other!

Warm regards,

Basak