Confused and overwhelmed by the multiple changes with the many impacts of the DOJ/NAR/MLS mandates?
Summer Goralik is the go-to expert on navigating the ever challenging landscape as a result of the NAR/DOJ mandates. The aftermath of the NAR settlement has produced multiple responses across the industry.
As an expert on Compliance, and a former California Department of Real Estate (DRE) investigator turned compliance consultant, she supports the importance of adhering to state laws and regulations governing real estate professionals.
In her latest article involving the California real estate compliance dynamic, Summer shares that “Real estate licensees encounter various layers and sources of regulation as well as enforcement, often posing distinct challenges in practice. Now, more than ever, it’s crucial for licensees to thoroughly understand and effectively compartmentalize the multi-layered compliance expected in the real estate sector.”
Summer brilliantly offers a list of questions frequently raised by her clients, in an effort to provide insight into different compliance requirements and their enforcing authorities.
The article wraps up with Summer’s closing thoughts:
“Right now, amidst commission litigation and industry speculation, it is critical for real estate brokers and agents to equip themselves with knowledge, training, and experience (if they have it). They should stay informed about commission lawsuits, the proposed NAR settlement, and the forms and client communications that will implement new practice changes. The more educated licensees are, the better they can serve their clients.”
At the Data Advocate, this theme resonates with many of our contributors, all stressing the common theme that education, knowledge and paying consistent attention to the latest developments is required to best serve our clients and customers with confidence and transparency.
