California Association of Realtors Advocates for Transparency in Real Estate Referral Fees
The California Association of Realtors (C.A.R.), a prominent organization in the state's real estate sector, is taking a significant step towards improving transparency in the way referral fees are managed and disclosed in real estate transactions. In a recent statement by 2026 C.A.R. President Tamara Suminski, the organization reiterated its commitment to ensuring that all parties involved in real estate transactions have a clear understanding of how real estate professionals are compensated, particularly concerning referral fees.
Tamara Suminski, a seasoned broker operating in Southern California, emphasized that transparency is key in making sure consumers can confidently navigate the often complex world of real estate transactions. "The California Association of Realtors has long championed compensation transparency in real estate transactions, particularly in relation to referral fees. We have consistently advocated for full disclosure of referral arrangements to build public trust," Suminski stated.
This initiative highlights the importance of informing consumers about referral fees, as such knowledge empowers them to make better-informed decisions. When buyers and sellers are fully aware of any fees that may affect their transaction, not only can they ask pertinent questions, but they can also assess the value of the services provided by real estate professionals.
To facilitate this increased transparency, C.A.R. plans to update its standard form next month. The revised language will clarify referral fee disclosures, offering a standardized method for agents to communicate this vital information to their clients. By implementing these changes, the association aims to ensure consumers are aware of all compensation sources involved, creating a more trustworthy and straightforward transaction experience.
C.A.R. has been a leading force in advocating for professionalism in the real estate industry for over 120 years. With 190,000 members, it stands as one of the largest state trade organizations in the United States, playing a critical role in promoting ethical practices among real estate professionals.
Suminski concluded her comments by reinforcing the organization's dedication to fostering a competitive yet fair real estate environment. By emphasizing full disclosure on referral fees, C.A.R. is not only working to protect consumer interests but is also reinforcing trust—an essential component of any business transaction.
For more information on the California Association of Realtors and its efforts to enhance transparency in real estate practices, visit www.car.org. This new initiative marks a significant step towards ensuring that consumers are equipped with the necessary knowledge to navigate their real estate transactions confidently and effectively.
Tamara Suminski, a seasoned broker operating in Southern California, emphasized that transparency is key in making sure consumers can confidently navigate the often complex world of real estate transactions. "The California Association of Realtors has long championed compensation transparency in real estate transactions, particularly in relation to referral fees. We have consistently advocated for full disclosure of referral arrangements to build public trust," Suminski stated.
This initiative highlights the importance of informing consumers about referral fees, as such knowledge empowers them to make better-informed decisions. When buyers and sellers are fully aware of any fees that may affect their transaction, not only can they ask pertinent questions, but they can also assess the value of the services provided by real estate professionals.
To facilitate this increased transparency, C.A.R. plans to update its standard form next month. The revised language will clarify referral fee disclosures, offering a standardized method for agents to communicate this vital information to their clients. By implementing these changes, the association aims to ensure consumers are aware of all compensation sources involved, creating a more trustworthy and straightforward transaction experience.
C.A.R. has been a leading force in advocating for professionalism in the real estate industry for over 120 years. With 190,000 members, it stands as one of the largest state trade organizations in the United States, playing a critical role in promoting ethical practices among real estate professionals.
Suminski concluded her comments by reinforcing the organization's dedication to fostering a competitive yet fair real estate environment. By emphasizing full disclosure on referral fees, C.A.R. is not only working to protect consumer interests but is also reinforcing trust—an essential component of any business transaction.
For more information on the California Association of Realtors and its efforts to enhance transparency in real estate practices, visit www.car.org. This new initiative marks a significant step towards ensuring that consumers are equipped with the necessary knowledge to navigate their real estate transactions confidently and effectively.
Topics Consumer Products & Retail）
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