General World News

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professionals to pursue dual-licensing, industry experts told HousingWire.

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America, and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. These details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com