DeeDee Mauz, REALTOR’s Post

Interested in the recent settlement of the National Association of Realtors (NAR) lawsuit and its impact on buyers and sellers? The Houston Association of Realtors (HAR) has released two videos to clarify these changes for consumers. Having spent 40 years in the real estate business, I'm glad to see these changes. With over 1.5 million realtors nationwide, there is a varying levels of knowledge and professionalism. This decree will elevate industry standards and benefit those that are already delivering a high level of professional service. For realtors committed to excellence, this won't pose an issue. They understand that clients value their knowledge, expertise and skills. I encourage you to watch these videos and reach out with any questions. Thanks and Best regards! Video for BUYERS: https://lnkd.in/g2vQF8zJ Video for SELLERS: https://lnkd.in/gtTfAbR8 [email protected] | [email protected] | 713-461-1230 | #prgtexas #realestate #training #realtors #career #growth #technology #coaching #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket #homesellers

More about the National Association of Realtors settlement and its effects on buyers and their agents: - Buyers must sign a written agreement with an agent before touring a home. It can be as temporary as a one-time showing agreement to an exclusive buyer representation. - Agents can no longer communicate offers of compensation on the MLS or subsidiaries. Now, buyer agents must contact the listing agent directly to get information about compensation. Listing agents can add compensation to emails, personal websites, lawn signs, etc. but cannot share it on any MLS or via MLS-owned spaces. Buyers should understand how their agent is getting compensated. Payment is a key piece of every buyer meeting I have and it’s crucial that buyers entering the market understand where their money is going and how others involved in the transaction are paid. https://lnkd.in/dJX8wGQe

As a home seller, you have a variety of options for listing your property. REALTORS® are here to provide expert advice and support throughout this complex process. The recent NAR settlement introduces changes related to broker commissions that can benefit you as a seller, and we’re here to clarify what these updates mean for you. Key Changes Include: - You can still offer compensation to buyer brokers to enhance your home’s market appeal. - Your agent must provide a clear written disclosure and obtain your approval for any payment to buyer brokers. - Any compensation offer cannot be listed on the Multiple - - Listing Service (MLS) but can be promoted through other platforms like social media and websites. - You can still offer buyer concessions, such as covering closing costs, through the MLS. All compensation requests will be included in your total cost analysis provided by your agent. What Doesn’t Change: - REALTORS® remain committed to working in your best interest throughout the selling process. - Agent compensation is negotiable and must be discussed transparently. Ask your agent about compensation options and what you would like to offer buyers. You have a range of choices in selling your home, and we’re here to help you understand and make the best decisions for your needs. Thank you for trusting Jonna Weber Real Estate Brokered by eXp Realty. We’re dedicated to providing you with the best experience in listing and selling your home for top dollar! Aimee & Jonna https://lnkd.in/e6QhS-5f #HomeSellingTips #RealEstateUpdates #SellerResources #MarketYourHome #RealEstateGuidance #ListingYourHome #BoiseRealEstate #MeridianHomes #ExpertRealtors #HomeSellingProcess #BrokerCommissions #TransparentTransactions #RealEstateSupport #HomeSellingStrategy #NARSettlement

❗❗ NAR SETTLEMENT & REALTORS - 5 NEW RULES TO KNOW ABOUT ❗❗ For full commentary, click here to read the post on my Facebook page. (I reached the character limit for LinkedIn.) https://lnkd.in/gYpiYpMP I'm not a realtor, and this is the TL;DR version, but I recommend anyone who's interested to check out Sharran Srivatsaa's recent zoom training on his youtube channel Real (link below). It's an hour long, but he breaks down everything so succinctly and goes to the actual verbiage of the terms of the settlement to explain what changes will happen. So with that in mind, here are 5 new rule changes every realtor should know about: 🔺 Rule #1: Removes the *requirement* by NAR®, Realtor®, the MLS, or Member Boards of cooperative compensation. It does NOT prohibit cooperative compensation, and it DOES still allow offers of co-op compensation to be made. 🔺 Rule #2: It prohibits making or disclosing offers of compensation ON THE MLS. (The MLS is the specific target.) 🔺 Rule #3: All broker compensation fields currently on the MLS will be removed, meaning you won't see a place to enter or view cooperative compensation. (This is an implementation rule.) 🔺 Rule #4: This rule gives a long list of things that do not violate displaying cooperative compensation, including brokerage's websites. Since a brokerage "owns" their listings, they ARE allowed to offer or advertise compensation on their own websites. (Just not on the MLS--see #2) 🔺 Rule #5: Terms of Disclosure. What this means is that any offers of compensation must be in writing and signed. Sellers can sign an agreement with the listing broker that they will pay $X-amount to the buyer's broker/agent. (This also means that every buyer will need to sign a contract while working with an agent. This has been the norm in many states including Utah already, but now it will be more standard.) With all that said, I reiterate that realtors are an invaluable asset if you're buying or selling a home. There are some people who think realtors are overpaid to just "walk around houses," but they do so much more than that, and perhaps the reason why people think they don't do much is because the great realtors deliver SIMPLICITY to their clients when real estate transactions are actually very complex matters. Great agents/realtors will know their worth and know how to stay competitive, and they and their listings will still offer cooperative compensation. My prediction is that anyone who was hoping for an end to all agent commissions will be sorely disappointed. (Again, I'm not a realtor or an attorney, and this is just a condensed version of what the settlement stipulates. Refer any questions to a real estate attorney.) https://lnkd.in/gvY8T5qr

📝 New NAR settlement policy is going into effect. Don't let that dissuade you from buying or selling a home. Just keep these things in mind ... 1️⃣ You need an agreement with your buyer agent, but it doesn’t have to be exclusive or long-term. Negotiate the terms and shop for an agent you trust *before* shopping for a home. You may have to interview a few before you find the right fit. This is worth the time and effort. 2️⃣ Commission is negotiable, and now it’s written into the forms. Even though MLS doesn’t disclose the buyer agency compensation, it can still be negotiated in your sales contract. This is true even if the seller isn't proactively offering compensation. 3️⃣ Don’t forgo representation just to avoid fees—it could cost you in the long run. Skillful buyer agents know your market and can not only negotiate a deal for you that makes sense, vut also help with due diligence tasks that may keep you from making costly errors in your transaction

NAR settlement and what it means for Buyers and Sellers in my newsletter here:

Important practice changes required by the NAR settlement take effect today, affecting buyer agent agreements and compensation. “We are in this together.” #realestatenews #realestate #futureofrealestate #realtortips #realestateagents

Buyers agents have value

Big news in the real estate world! Have you heard about the National Association of Realtors' recent $418 million settlement? It’s a topic that’s been turning heads and shaking up traditional notions about real estate commissions and practices. 🤯Why This Matters to You This settlement could redefine the way commissions are handled, potentially affecting both buyers and sellers along with how agents operate daily. But there's a silver lining amidst the shake-up, especially for those agile and informed enough to pivot to new opportunities. 😉The Opportunity for You In my latest YouTube video, I dive deep into what this settlement means for the industry and how it affects agents like you. More importantly, I explore a niche that remains robust and lucrative despite these changes: apartment locating. 🤔Why Apartment Locating? While traditional real estate roles are becoming more challenging, apartment locating offers a streamlined, less bureaucratic path to success. It’s an area where: - Commissions aren't entangled in the recent rulings. - Transactions are quicker and less complex. - The demand for rental properties continues to rise. 🤓Watch and Learn Discover why many are turning to apartment locating as their primary real estate focus and how it might just be the opportunity you’ve been waiting for to stabilize and grow your income in this evolving market. Check out the video for a detailed breakdown and actionable insights: https://lnkd.in/gaQ4Ymhy Interested in exploring how this niche can work for you? Visit www.nal.rent to book a call with us. We’ll discuss how to navigate these changes effectively and capitalize on the opportunities in apartment locating. Don’t miss out on redefining your real estate career with strategies that are adaptable, lucrative, and shielded from the current uncertainties in the market. Check out the video and book a call with us today! 🤝🏼

New NAR settlement policy is now in effect, likely already in your market. Don’t panic—just keep these three points in mind: 1️⃣ You need an agreement with your buyer agent, but it doesn’t have to be exclusive or long-term. Negotiate the terms and shop for an agent you trust *before* shopping for a home. You may have to interview a few before you find the right fit. This is worth the time and effort. 2️⃣ Commission is negotiable, and now it’s written into the forms. Even though MLS doesn’t disclose the buyer agency compensation, it can still be negotiated in your sales contract. This is true even if the seller isn't proactively offering compensation. 3️⃣ Don’t forgo representation just to avoid fees—it could cost you in the long run. Skillful buyer agents know your market and can not only negotiate a deal for you that makes sense, but also help with due diligence tasks that may keep you from making costly errors in your transaction