The NAR lawsuit settlement introduces new rules for buying and selling real estate. These new nationwide rules require buyers to sign a " buyers agreement" prior to touring homes. YES...out with the old and in with the new as things are changing in the real estate purchasing process due to the NAR lawsuit. Home sellers can continue to pay broker commissions, however, they can no longer advertise the commission amounts in the multiple listing system. And buyers will need to sign a buyers agreement stating they will pay broker commissions if the seller refuses to cooperate. The agreement is also necessary for touring homes in this new settlement. It's expected that buyers agents will have to "CALL" the list agent in order to find out if the seller will cooperate. ( aka share the list agents negotiated commissions)
Remember real estate commissions are negotiable and always have been. For more information about the NAR lawsuit feel free to email me.
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Lisa Ammons
11 сен 2024
