NAR® Settles Lawsuit and Real Estate Changes Effective 8/17/24
The new rules went into effect on August 17, 2024.
The fact is, nothing changed except for the requirement to enter into a written agreement with your Agent prior to viewing homes. Agents for decades have been presenting their clients with the "Exclusive Right to Represent" Buyer's Agency Agreement.
The reason behind the requirement is to have full transparency between a Buyer and their Agent about who pays the commission.
Your Commitment:
You’re choosing Epique Realty as your exclusive agent to assist in your property search, including negotiating contracts and handling paperwork.
Compensation:
Our commission is typically paid by the seller, but if not, we’ll discuss how it will be covered. This is all negotiable, and we’re here to make sure it works for you.
Our Services:
We will represent you in the market, negotiate on your behalf, and guide you through every step of the buying process.
Fair Representation:
We may work with other buyers interested in similar properties, but our goal is to get the best outcome for you.
HOW BUYER AGENT COMPENSATION IS PAID
There are three ways that a Buyer's Agent is paid.
1.
2.
In the event the Seller refuses to pay the Buyer's Agent commission, the Buyer would be responsible for the compensation at closing.
3.
For additional information visit: https://www.nar.realtor/the-facts
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
