Russ Lyon Sotheby’s International Realty has represented buyers and sellers for the past 77 years in Arizona.
But as many brokerages across the country and in Arizona have experienced, there has been a shift in the way buyer-broker commissions could be advertised on the Multiple Listing Services, following a national class-action lawsuit against the National Association of Realtors that occurred in 2019.
Russ Lyon Sotheby’s is committed to complete compliance with the industry’s new regulations and has developed a strategic plan implementing the best practices for continued success and leadership.
To meet the challenges ahead the brokerage created a series of documents to ensure its global real estate advisors were fully prepared for the changes and equipped to communicate effectively with their clients. These resources included buyer and seller Guides.
Owners, managers, brokers and agents attended several pre-change classes to address questions and provide updates as they became available. Then, following the changes, the brokerage again organized more classes to ensure all agents felt comfortable with the new forms and could address any questions that arose.