@ChrisGlaserRealtor Important Changes in Real Estate - What You Need to Know
As of August 17th, 2024, significant changes have been implemented in the real estate industry nationwide. Whether you're buying or selling, you might be wondering how these changes will impact you. Today, I want to provide some clarity on what you can expect moving forward.
🔑 Buyer Agreement Requirements:
All buyers are now required to have a signed agreement in place before attending any showings with your realtor, including virtual tours. These agreements will clearly outline the roles and responsibilities your agent owes to you. Please note that these guidelines have been set by the National Association of Realtors to ensure transparency and professionalism in every transaction.
💡 Customized Agreements:
The good news is that we can work together to determine which agreement suits you best! You have the flexibility to choose an agreement that lasts a week, a month, a year, or even one that covers specific areas. While an agreement is now mandatory, it's designed to be tailored to your needs and goals.
Realtor Compensation:
A new element in these agreements is the clear outline of the compensation your realtor will receive if you decide to make an offer on a home. This compensation may become the buyer's responsibility, but rest assured, I will discuss all available options with you during the negotiation phase. Most sellers will continue to offer compensation incentives to make their listings more competitive, and we will work together to negotiate these terms in your offer.
Negotiable Terms:
Remember, compensation is, and always has been, negotiable. My goal is to ensure you're comfortable and informed throughout the entire process.
Please don't hesitate to reach out with any questions or concerns. I'm here to help you navigate these changes and to earn your trust as we work together on your next real estate journey. Let's find your dream home or make your sale a success!
USCG Captain & Realtor Chris Glaser
309-269-6760
captainchris@kw.com