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Podcast: Lykken on Lending
Episode: Helping Realtors Navigate the Post-Commission Settlement World with Ashley Terrell-Kayiran of Rayse
Description: In this podcast episode, we discuss significant changes in the real estate industry stemming from a major lawsuit involving accusations of brokerages fixing commissions. Expert Ashley Terrell-Kayiran explains the upcoming implementation of these changes, notably the removal of commission fields from MLSs by August 17th and the new requirement for buyer's agents to negotiate and articulate their fees directly with buyers. These changes aim to increase transparency and prevent steering buyers towards higher commission properties. Ashley emphasizes the importance of technology and education in helping realtors and consumers navigate this shift, highlighting the opportunity for agents to better demonstrate...