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Recent changes from the National Association of Realtors (NAR) settlement

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Recent changes from the National Association of Realtors (NAR) settlement

As part of the recent changes from the NAR settlement, you should know a couple of key things as a home buyer. First, real estate agent commissions are not fixed by law and are fully negotiable. This gives you the flexibility to discuss and negotiate these rates. Additionally, it’s now more transparent how agents are compensated, as listing brokers are not required to offer compensation to buyer’s agents.

It’s also important for you to have a written agreement with your buyer’s agent that clearly specifies their compensation before you start looking at homes.

These changes aim to make the real estate buying process more transparent and fair. Feel free to ask questions and negotiate terms that best meet your needs. I’m here to help you navigate this process smoothly

Call me with your questions!