🚨 Big Changes in Real Estate! 🚨
Starting August 15, 2024, the way real estate commissions are handled and disclosed has changed, thanks to a recent NAR lawsuit settlement. Here’s what you need to know:
🔑 Key Updates:
Negotiable Compensation: Commissions remain fully negotiable between buyers, sellers, and agents.
Agency Agreement Required: Buyers must have a signed agreement with their agent before touring any home.
Seller Compensation Options: Sellers can still offer compensation to a buyer’s agent, but with limitations.
Written Approval: All compensation to brokers must be approved in writing.
Buyer’s Responsibility: If a seller isn’t offering compensation to your agent, you may need to cover it yourself.
💡 Why It Matters:
For Buyers: You might need to budget for your agent’s commission if a seller isn’t covering it.
For Sellers: Offering agent compensation can attract more buyers, similar to setting the right price.
👩💼 The Value of Using an Agent: Navigating these changes can be tricky, but I’m here to guide you every step of the way. From expert marketing and skilled negotiation to coordination, legal guidance, and peace of mind-I ensure your real estate journey is as smooth as possible.
Whether buying or selling, partnering with an experienced agent like me offers the support, expertise, and resources you need to succeed in today’s market. 🏡💼
To get more details or if you have any further questions you can contact me or visit www.nar.realto...
29 окт 2024
