NAR Settlement: What Happened And How To Adapt

The recent NAR Lawsuit Settlement drives home one important point: real estate agents who don’t invest aren’t safe. They should be worried.   Without the solid safety net of income-earning assets, you’ll always be a victim to the ups and downs of the market. With just one investing deal, you can protect your income and never have to worry about shrinking commissions or industry disruptions.   Many agents are in deep denial about the impact the NAR Settlement will have, and that’s a dangerous position to be in.   While it’s definitely too soon to tell what will happen to the industry, make no mistake - things won’t be the same. The faster we adapt, the more bulletproof our businesses will be.   What are the implications of the NAR Settlement? How do we bulletproof our income before it’s too late? In this episode, I talk about how to adapt to this development and protect yourself from the worst case scenario.    There’s never been a time where it’s more important for agents to add investing income into their arsenal. -Tom Cafarella   Three Things You’ll Learn In This Episode   -The bad news about the NAR Settlement  Whether we want to admit it or not, this development doesn’t bode well for a lot of agents. Does it mean we’ll have to work harder for less money?   -Adapt sooner than later  The majority of agents believe that the changes of the NAR Settlement will take up to 5 years to kick in. Why should we make changes now regardless of how long it will take?   -Investing is evergreen  Due to disruptions and shifting market conditions, commissions will always be under threat. How can we use investing to build something that can never be taken away from us?