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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, 2024•3 min read
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, 2024•4 min read
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, 2024•6 min read
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, 2024•4 min read
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, 2024•4 min read
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, 2024•5 min read
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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