Why Our Agents?
We
Buyers And Their Broker
The 2024 NAR/DOJ settlement has introduced important changes to how buyer representation and compensation works in real estate transactions. Here’s what you need to know..
When We Start Work
This is defined as the time when an Agent begins consulting, providing listing information, scheduling showings, and meeting with Buyers.
MLS and Advertising
The settlement eliminates the ability for listing brokers or sellers to offer compensation to buyer brokers within the MLS. Cooperation between Brokers remains, but without predefined compensation fields.
Compensation
Compensation has always been fully negotiable between the buyer’s broker and listing broker. The change affects advertising Compensation can be arranged and paid in a variety of ways which your agent will review.
Written Agreements
Buyers MUST enter into a written agreement with their Broker BEFORE touring homes. This is not optional. This agreement includes clear disclosure of the broker’s compensation, ensuring transparency and mutual understanding.
What This Means for You
Your selection of an experienced agent has never been more important. Choose your agent wisely. Your loyalty is also solidified.
Flexibility
You have more control over how your buyer broker is compensated. You can select agents for their skill, knowledge and abilities.
Transparency
All terms are openly negotiated, providing a clearer understanding of costs and services. Compensation in offers will be disclosed to all parties.
Guidance
Your buyers broker will assist you throughout the entire process, from searching for homes to closing the deal
The written agreement ensures you know exactly what to expect, making the process less daunting. Clarity
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