NAR-tificial Intelligence

(🏛️NAR + Artificial Intelligence🤖)

Have questions about NAR guidelines?

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How to use Use NAR-tificial Intelligence

While our AI is an excellent tool for understanding NAR rules. CommissionSYNC is not affiliated with NAR, so it's essential to always refer to your local compliance guidelines. NAR-tificial Intelligence serves as a valuable resource that has been trained on the 2024 NAR Handbook and the most recent updates. It's great for those times you can't get a hold of your broker. The entire handbook is available to download for free. Just click the image of the handbook.

Real Estate Commissions in Kentucky

Real Estate Commissions in Kentucky

Navigating the real estate market in Kentucky involves understanding various costs, including real estate commissions. These commissions are a percentage of the home sale price, typically ranging betw... ...more

NAR ruling

September 12, 20243 min read

New Real Estate Commission Rules: How Buyers and Sellers Can Navigate the Changes in 2024

New Real Estate Commission Rules: How Buyers and Sellers Can Navigate the Changes in 2024

Discover how the 2024 real estate commission rules, resulting from the NAR lawsuit, reshape home buying and selling. Learn how buyers and sellers can leverage new negotiation power, lower costs, and t... ...more

NAR ruling

September 09, 20244 min read

How CommissionSync Complies with Anti-Steering Rules in Real Estate

How CommissionSync Complies with Anti-Steering Rules in Real Estate

In the real estate industry, "steering" refers to the unethical practice of buyer agents guiding clients toward properties with higher commission payouts instead of those best suited to their preferen... ...more

NAR ruling

September 06, 20246 min read

Understanding Changes to Co-op Commissions in Real Estate

Understanding Changes to Co-op Commissions in Real Estate

In the ever-evolving landscape of real estate, understanding the intricacies of co-op commissions is crucial for both listing and buyer’s brokers. Recent changes in real estate commission structures, ... ...more

NAR ruling

September 03, 20244 min read

New Guidelines in Real Estate Commissions: Transparency, Negotiation, and Opportunity

New Guidelines in Real Estate Commissions: Transparency, Negotiation, and Opportunity

Discover the latest changes in real estate commissions, focusing on transparency and negotiation. Learn how these shifts impact buyers, sellers, and agents, and explore strategies to navigate the evol... ...more

NAR ruling

August 29, 20244 min read

New Real Estate Landscape: Buyer Representation and Commission Transparency

New Real Estate Landscape: Buyer Representation and Commission Transparency

Learn how recent changes in buyer representation and commission transparency are reshaping the real estate industry. Discover practical strategies for staying compliant and competitive with tools like... ...more

NAR ruling

August 28, 20245 min read

By staying compliant, you can avoid harsh penalties that could jeopardize your license and career.

Use our free "NAR-tificial" Intelligence to research how to make the rules work for you!

Understanding the Consequences:

Violating NAR Rules

The updated 2024 NAR Handbook outlines specific fines and penalties for non-compliance with the Multiple Listing Policy.

Here's what you need to know:

  • First-Time Violations: Warning & Correction: Minor violations receive a warning with 24 hours to correct before a fine. Serious infractions may result in immediate fines from $250 to $5,000.

  • Repeated or Severe Violations: Progressive Fines: Continued or severe violations can lead to fines up to $15,000 or more. Repeated or severe infractions may result in up to six months of MLS access suspension. Extreme non-compliance can lead to termination from the MLS for one to three years.

  • Special Considerations: Certain violations, especially unauthorized MLS data use, incur immediate non-negotiable fines. Other violations may allow appeals or fine reductions through a formal request and MLS panel hearing.

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