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While I get the sense that corporate mobility executives don’t really want to deal with the upheaval in the real estate industry regarding agent compensation, they are directly impacted if they relocate even one buyer or seller. Waiting will only create exceptions to policy, frustration, and failed moves. I get it; corporations might end up paying three commissions if they relocate a seller who also buys. However, they may also pay exactly what they currently are or even less if they have a solid policy addressing all possible variables. If this, then that.

As they say, ‘Eat the elephant one bite at a time.’ It is a weird time right now, and people are feeling helpless and uncertain. Everything can feel overwhelming while we play the waiting game. Here are five things you can do right now to stay engaged and contribute to the industry and to your company.

I am not worried about the savvy relocation-oriented brokers, relocation departments, and agents. I am worried that the relocation companies and their clients don’t completely understand the ramifications if they don’t take action to adjust their policies right now. Read on to see how some of these scenarios might play out if every industry stakeholder doesn’t work together to create a transition that should be seamless for the transferees.

Prepare, inform, educate, know your worth, and stay engaged in the rapidly changing dynamic of the NAR compensation settlement. There are things you can focus on in your department and your company to make your voice heard and prepare your agents, clients, and industry partners for the changes to come.

If you want to remain relevant in your company, the relocation department leadership and staff roles should evolve. Most of all, you need to show your value to leadership and sources of business. We tend to handle things and move on. They have no idea what running a thriving department is like. You need to tell them.