Episode Details
Back to EpisodesCommission Steering Could Get You Sued — Former SCR President Reah Smith on What Agents Are Getting Wrong
Description
Reah Smith joins me on Dishin' Dirt to discuss the ongoing issue of commission steering in real estate, its implications following the Sitzer/Burnett settlement, and the ethical considerations surrounding compensation structures.
We explore the importance of buyer agency agreements, the role of bonuses in transactions, and the need for a cultural shift within the industry. Our conversation emphasizes the necessity for training and education for real estate agents to navigate these changes effectively and the potential future of compensation models in real estate.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.