07/18/2024
Navigating the Changing Landscape of Real Estate Commissions: What Buyers and Sellers Need to Know - The real estate industry is on the verge of a transformative shift in its commission structure, driven by a landmark settlement. Now, significant changes are underway that could reshape the way homes are bought and sold across the United States. At Augmented Realty, we remain committed to keeping you updated on these developments and helping you make informed decisions in your real estate journey.
💲Seller concessions are allowed now and will still be permitted (i.e.; closing costs, appraisal fees, home warranties, assessments).
🧐 August 17th, 2024: MIAMI SEFMLS (MLS) rule changes go live.
🚫 Offers of compensation will be prohibited.
📜 Written buyer broker agreements required before showing a home.
👩⚖️ August 17th, 2024: Updated broker agreements that will have the required language for settlement compliance. Required compensation disclosures to sellers and buyers.
🏢 October 1st, 2024: Condo riders will change.
John Patrick Curry, Real Estate Broker for Augmented Realty Carol Curry Realtor