New SOC rules prompt sold-out class at REALTOR® building

A capacity crowd of 75 brokers attended Seattle King County REALTORS® (SKCR)’ first class on the new selling office commission (SOC) rules established by the Northwest Multiple Listing Service (NWMLS) which took effect on October 1, 2019.

Taught by Instructor Denise Lones (CSP, CMP, M.I.R.M.), the class provides brokers with facts and research on different real estate brokerage models and tips on how to confidently explain the new rule changes to clients.

“It is imperative to be educated and informed on the changes that are constantly happening in our industry,” said Jenn Muller, a broker with Compass and current Vice President of Business Practices with SKCR. “The class is informative and data-oriented, and it gives you a more in-depth understanding of the market, including the influence of iBuyers and technology platforms.”

Many attendees shared that the biggest benefits of this class are that it educates brokers on all aspects of the issue and it brings forth conversations on conveying brokers’ value.

Michael Toomey, Managing Broker awith REMAX Northwest and Professional Standards Committee Member of SKCR, pointed out that this class “gets the discussion out there while raising everyone’s level of expertise and making everyone’s game better.”

Cindy Gilmore, Designated Broker from The MLS Online, encourages other brokers to turn to education and listen to different perspectives when experiencing change.

“This class has a lot of value and I would highly recommend agents to take time to understand this change through this class,” said Cindy. “If you’re going to be in this real estate career, you need to do things right and understand the rules we have and why we have them. As a good agent, we have to have knowledge and educate ourselves to be fair to our buyers and sellers.”

Many attendees also had positive words about Denise’s preparation and expertise.

“It’s great that Denise has done all the ‘heavy lifting’ by researching market and industry trends,” said Todd Shively, Assistant Principal Managing Broker for Coldwell Banker Bain and Board Director for SKCR. “She helps brokers to know and defend their value.”

The next session will be held on Monday, October 28 from 9 am – 4:30 pm. Although the next session is sold out, you can still register for the third session on Monday, November 25 from 9 am – 4:30 pm.