Planning Amidst Industry Change
Update: 2024-07-10
Description
Discussed:
- Industry Changes: The NAR settlement will alter how realtors interact with buyers and handle professional fees. Agents are adjusting their business practices to stay informed and educate clients about these changes.
- Brokerage Acquisition: This type of transition involves rebranding and adapting to new operational challenges.
- Client Communication: Agents are updating their outreach strategies, including increased social media presence and direct client communication, to address both the settlement's impact and brokerage changes.
- Business Planning: There is a shift in planning timelines due to the evolving market conditions. Agents are evaluating how these changes affect their business and may delay their planning for the upcoming year.
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