This course is not approved by the Georgia Real Estate Commission for Continuing Education Credits
The real estate industry is undergoing significant changes, especially regarding the negotiation of commission fees. Recent class action lawsuits, such as Sitzer/Burnett, have highlighted issues around alleged collusion and anti-competitive practices, leading to a noteworthy judgment as of October 31st, 2023. These developments underscore the necessity for real estate professionals to adapt and enhance their approach to commission fee structures.
This course focuses on the essential need for real estate agents and brokers to transparently communicate their commission rates while emphasizing that these rates are negotiable. The course also stresses the importance of distinguishing your services in a competitive market, where similar services might be offered at different fees by other agents or brokers.
A critical aspect of this course is understanding and adhering to state laws and MLS regulations regarding commission handling. The course aims to equip agents with the knowledge and skills to avoid legal pitfalls such as accusations of collusion, anti-trust violations, and anti-competitive behavior. It will guide you in articulating the value of the services you provide and how to effectively communicate this to consumers, ensuring compliance and protection for both you and your clients in this evolving landscape.
- Lectures 15
- Quizzes 1
- Duration Lifetime access
- Skill level All levels
- Language English
- Students 12
- Certificate Yes
- Assessments Self