National lawsuit settlement to impact buyers, sellers [Video]

NATE STANLEY, WYFF NEWS FOUR. COURTNEY, THANK YOU SO MUCH. NEW RULES CHANGING THE WAYS REALTORS GET PAID TO HELP PEOPLE BUY AND SELL THEIR HOMES WILL GO INTO EFFECT THIS WEEKEND. PINNIX JOINS US LIVE IN GREENEVILLE WITH THOSE DETAILS. TANIQUA. WELL, GOOD EVENING. THESE CHANGES WILL GO INTO EFFECT ON AUGUST 17TH, AND SOME COMPANIES HAVE ALREADY STARTED. ONE OF THE AGREEMENTS MADE WITH THE NATIONAL ASSOCIATION OF REALTORS IS TO REMOVE COMPENSATION OFFERS FROM MLS. VERY SIMPLY, WE WON’T UTILIZE THE MULTIPLE LISTING SERVICE TO ADVERTISE AND MAKE OFFERS OF COMPENSATION FOR COOPERATIVE BROKERS IN OUR MARKETPLACE. SO THOSE OFFERS OF COMPENSATION NOW MOVE OFF OF THE MLS AND INTO INDIVIDUAL MARKETING PLANS FOR FOR EACH COMPANY. THE SECOND PART OF THAT MEANS BUYERS WORKING WITH A BUYER’S AGENT TO HELP THEM SEE HOMES WILL HAVE TO USE A WRITTEN AGREEMENT, BUT THE IMPORTANT THING IS THAT …