03/22/2024
📢 Attention everyone! We understand there may be questions swirling around regarding the recent National Association of Realtors settlement and its impact on business moving forward. Rest assured, our agents are here to address any concerns you may have. Here are some key points:
🔹 Starting mid-July, a new rule will prohibit offering compensation on the MLS. However, various types of compensation for buyer brokers remain available, including fixed fees, commissions paid directly by consumers, concessions from sellers, or a portion of the listing broker's compensation.
🔹 Compensation remains negotiable and will be discussed between agents and consumers. Your needs and preferences are paramount in these negotiations.
🔹 Additionally, the settlement mandates that MLS participants working with buyers must enter into a written representation agreement before touring a home. This ensures transparency and clarity for both parties, outlining the extent of representation the buyer will receive from their agent.
Have questions? Don't hesitate to reach out! Our agents are eager to assist you and provide further clarification on these important changes. Let's navigate this together! 🏡💼
