The real estate industry was ready for a change and to level up practices and perspectives that had gotten loose over the years.
DENVER, CO / ACCESSWIRE / March 19, 2024 / The CE Shop, the industry veteran in real estate education for all four professions serving the category - real estate, mortgage, appraisal, and home inspection - announces that it sees a bright light ahead for real estate and professionals interested in joining the ranks of successful agents despite the latest industry news announced last week.
Last week, the National Association of Realtors® agreed to pay $418M to settle commission lawsuits and had agreed to abolish the "Participation Rule," which requested sell-side agents to make an offer of compensation to buyer brokers. The settlement will be paid over four years.
While real estate agent counts are speculated to reduce over the next few years, the industry was holding onto thousands of non-producing agents following a post-Covid flood of new agents to the industry. Brokers and agents will experience some pain adjusting to the future state of the industry, but the industry will be prime for innovation that will create new opportunities.
The CE Shop predicts several positive outcomes due to the NAR® settlement:
The timing is right to make a smart career decision for those looking for a flexible work schedule in an opportunistic market.
Learn more about Real Estate Licensing, NMLS-Approved Mortgage Education, Home Inspection Licensing, and Real Estate Appraisal Education.
About The CE Shop
The CE Shop is the leading provider of professional real estate education with online mortgage, real estate, home inspection, and appraisal courses available throughout the United States. The CE Shop produces quality education for professionals across the nation, whether they're veterans in their industry or are looking to launch a new career. We believe that the right education can truly make a difference. Visit TheCEShop.com to learn more.
Media Contact:
The CE Shop Press
Press@TheCEShop.com
720.822.5314
Contact Information
Buse Kayar
buse.kayar@issuerdirect.com
SOURCE: The CE Shop
View the original press release on newswire.com.