Baird & Warner Sees Opportunity In Wake Of NAR Legal Settlement

Real Estate News



A recent settlement announced by the National Association of Realtors (NAR) to resolve an antitrust lawsuit related to agent compensation will change how many residential brokerages do business. Starting July 1, an agent working with a homebuyer is required to have their client sign an agreement establishing their commission rate and making it clear the buyer is responsible if the seller does not cover the commission. Taylor Johnson client Baird & Warner, Illinois’ largest independently owned brokerage, was ahead of the curve and training its agents on buyer representation and agreements several months before the court ruling and settlement. Leveraging the firm’s position as an industry leader, TJ pitched Real Estate News a Q&A with Baird & Warner’s chief strategy officer and president of residential sales, Laura Ellis, on buyer agreements and the impact of the NAR settlement. TJ also facilitated an interview between Ellis and The Real Deal for a piece exploring why the settlement is a win for consumers and represents new opportunities for the best-prepared brokerages.



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