Under Article 1 of the NAR Code, REALTORS® must protect and promote the interests of their clients, and that includes full disclosure of any information that could materially affect the client’s position in a transaction.

.📅 What’s Coming Up This WeekThursday: Existing Home Sales for September (NAR)Friday: Consumer Price Index (CPI) — still scheduled despite shutdown, since it’s tied to Social Security adjustmentsIf CPI shows inflation holding steady or improving, that could give the Fed even more reason to ease up.Catch you next week, Derek Brickley #LoansbyDB

With the NAR ruling, if I'm interviewing agents, I asked how the commission works out if the seller isn't willing to pay the buyer's agent commission and if I need to cough up the 3% for the total 6% which is split between selling and buying agent. 

I have documented multiple instances of what I consider to be cyberbullying and unprofessional behavior directed toward me.As a licensed real estate broker, you are held to a higher standard under the guidelines set forth by both the Ohio Division of Real Estate and Professional Licensing and the National Association of REALTORS® (NAR) Code of Ethics.

Albert did cover well the effort (that I claim is comparable to a brrrr with far lower return) and timeline (except sometimes the timeline exceeds 9 months, but it probably should not if the jurisdiction does its part and you have good contractors).NAR provided Nov 2021 data for many large cities of average sale of properties with an ADU versus without an ADU.  

The most extensive study I have seen was performed in many large cities by NAR.  

see the link at the bottom to see NAR data from Nov 2021 shows an ADU addition in San Diego added less than $20k of value on average.  

NAR (National Association of Realtors) says the average flip takes 6 months and the average profit is $15,000.

Up until a year or two ago, when NAR had this issue litigated, listing agents represented the seller, and if they brought a buyer, were obligated by Realtor regulations to deal honestly and ethically with a buyer they brought to the table.Of course, Realtors are humans and subject to the foibles of our species; some are open and honest, while others were not so much.To me, it depends on the agent you are working with, irrespective of if they are representing the seller or the buyer.  

According to NAR data from Nov 2021 an ADU in Denver added $170k.