Standing Strong with Our Realtor Partners: Our Commitment to Navigating the NAR Ruling Together

At Lokal, we have always been dedicated to building strong, supportive relationships with our realtor partners. As the real estate industry adapts to the recent National Association of Realtors (NAR) ruling, we want to reaffirm our commitment to you. Our goal is to ensure that despite these changes, you continue to be rewarded and supported as we navigate this new landscape together. Here’s how we’re making sure our collaboration remains as fruitful as ever.

Understanding the NAR Ruling

The recent NAR ruling aims to increase transparency and fairness in real estate transactions by changing how commissions are disclosed and negotiated. While these changes will benefit consumers, they can also present new challenges for realtors and homebuilders alike.

Our Commitment to Realtors

At Lokal, we are committed to adapting to these changes while ensuring that our realtor partners continue to receive exceptional support and competitive compensation. Here’s how we’re doing that:

1. Guaranteed Commission

We are proud to guarantee a commission on every sale. This commitment provides you with a consistent and reliable income as you work to help clients find their dream homes. We believe that a fair and competitive commission structure is essential to our partnership’s success. To qualify, you must be present at your client’s first visit. If you are not there, they need to register you as their agent at that time. We also are looking into new ways to honor our realtor partners for move-in ready closings each quarter - stay tuned for more information!

3. Adapting to New Rules with Flexibility

We’re committed to staying ahead of the curve and adapting our processes to comply with the new NAR guidelines. Our team is working diligently to ensure that our commission and bonus structures remain competitive and transparent, so you can continue to focus on what you do best—helping clients find their perfect home.

4. Ongoing Support and Resources

Beyond financial compensation, we offer a range of resources to support your efforts. This includes enhanced marketing materials, continuing education classes, realtor presentations/events, and efficient communication channels. Our goal is to provide you with everything you need to present about our homes to your clients successfully.

5. Open Communication and Feedback

We value your input and are here to listen. If you have any concerns or suggestions on how we can better support you through this transition, we encourage you to reach out. Your feedback helps us continuously improve and ensure that our partnership remains strong and mutually beneficial.

6. Celebrating Achievements Together

Success is a shared journey, and we’re dedicated to celebrating your achievements. Through incentives, special events, and recognition programs, we’ll continue to acknowledge and reward your exceptional performance. Your success is our success, and we’re excited to celebrate it together.

Conclusion

At Lokal, we are steadfast in our commitment to our realtor partners. With our guaranteed 3% commission and loyalty bonus program, we aim to provide you with the support and rewards you deserve. Thank you for your continued partnership and dedication. Together, we will navigate this new era and continue to build a thriving real estate community.

For more information or to discuss how we can support your efforts, please contact our team. Here’s to a successful and collaborative future!

*Commission is on the base price, or gross sale if lower, to be paid at closing. Please consult a Lokal Homes Community Manager for more information. Lokal Homes, LLC reserves the right to change commission percentage without prior notice. For offer to be valid, buyer must register realtor as their representative on the buyer’s first visit to a Lokal community. All information is assumed to be accurate, but not guaranteed. © 2024 Lokal Homes, LLC.