Big changes came to the industry nationwide on August 17th . Due to the NAR Settlement, the way you experience property buying is transforming.
What’s New for Buyers?
Every buyer will need a Signed Buyer Broker Agreement. This agreement is tailored to your needs, covering the terms, length, commission, and your agent’s duties. It’s a move towards greater transparency and professionalism in real estate.
Ready to Get Serious About Buying?
This change is a game-changer. No more casual browsing or just checking out your neighbor’s decor. Now is the time to plan, have a formal consultation, and choose a local, experienced agent. This rule not only secures your agent’s compensation but also ensures you’re fully informed about the level of service you’re receiving, leading to smarter decisions.
Commissions Are Here to Stay
Despite what you might hear, commissions aren’t going away. Sellers still have the option to offer a buyer agent commission or a concession to cover it. While commissions won’t be advertised on the MLS anymore, they can still be shown on separate websites, providing a consistent and clear home-buying process across the board.
