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NAR settlement implications for Pasadena home buyers and sellers

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  NAR Settlement Implications For Buyers And Sellers In the wake of the National Association of Realtors (NAR) lawsuit settlement, the real estate industry has been navigating a period of change and adaptation. While some anticipated sweeping alterations to commission structures and day-to-day operations, industry experts believe the impact has been more nuanced. 1: The NAR Settlement and Its Initial Impact In the months following the  National Association of Realtors (NAR)  settlement, the real estate industry has been alive with speculation about what changes would come and how they would affect operations. Many industry insiders believe that while there have been adjustments, the impact on daily operations and commission structures may not be as dramatic as originally feared. 2: Maintaining Stability in Commission Structures Industry experts believe that the fundamental commission structure has remained largely unchanged. While discussions and negotiations around commi...
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  2024 Pasadena Real Estate Market Forecast The planned sale of the first five CalTrans homes in South Pasadena, owned by the California Department of Transportation (Caltrans), hit an unexpected snag on June 14, 2024. Concerns arose when a city-contracted Realtor prematurely advertised these properties, leading to confusion about their availability. Background on the CalTrans Homes In South Pasadena The  CalTrans  homes in South Pasadena were acquired over sixty years ago through eminent domain to facilitate the now-abandoned 710 freeway extension. This project resulted in significant displacement, affecting thousands of residents in South Pasadena, El Sereno, and Pasadena, particularly in predominantly Black and low-income neighborhoods. The freeway project was ultimately scrapped in 2018, leaving behind many historic homes, some still occupied by tenants who rent from Caltrans. Current Status of the Sale Caltrans clarified that it retains ownership of the CalTrans home...
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