Florina Massbaum’s Post

📝 New NAR settlement policy is in effect as of the 19th. 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, vut also help with due diligence tasks that may keep you from making costly errors in your transaction

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

📝 New NAR settlement policy is now in effect in WA on Aug 15th. 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

📝 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

📝 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, vut also help with due diligence tasks that may keep you from making costly errors in your transaction Have questions about how this impacts you in Atlanta GA? Let’s talk! 📞

Just read a little of the NAR settlement agreement. Under Practice Changes, I sum it up from a quick read as that there will be no "blanket" offer of commission offered to buyer's agents. Offers of cooperation (to buyer's agents) cannot be mentioned anywhere in the MLS. So agents won't know what each home/listing agent is offering, if anything, until they call and discuss. Any negotiated offers of cooperation have to be agreed on by seller in writing. Prior to showing a buyer a home, Buyers agents will be required to have a buyer signed agent agreement with their compensation/commission negotiated and it must not be open ended such as "whatever the seller is willing to offer". So, if a listing agent/seller doesn't agree to compensate the buyer's agent, it would be between the buyer's agent and buyer. Of course, I just skimmed a legal document which means I am looking forward to clarification and policy changes to guide me from higher ups soon.

📝 The New NAR Settlement Policy is now in effect and may already be impacting your market. Here’s what you need to know to navigate these changes smoothly: 1️⃣ Secure a Buyer Agent Agreement: You’ll need an agreement with your buyer’s agent, but it doesn’t have to be exclusive or long-term. Take the time to negotiate terms that work for you and shop around for an agent you trust before you start shopping for a home. It’s worth the effort to interview multiple agents to find the best fit for your needs. 2️⃣ Commission is Negotiable: Even though MLS no longer discloses buyer agency compensation upfront, commission remains negotiable and is now clearly outlined in your sales contract. This means you can still negotiate the terms, even if the seller isn’t offering compensation proactively. 3️⃣ Don’t Skimp on Representation: Avoid the temptation to forgo professional representation just to save on fees—it could cost you more in the long run. A skilled buyer’s agent not only knows the local market inside and out but can also negotiate favorable terms and guide you through due diligence, helping you avoid costly mistakes in your transaction. #realestate #nar #realtor #realestateconnection

The recent NAR settlement has added new challenges, but it doesn't have to complicate your next purchase. With expert guidance from an experienced broker, you can successfully navigate the complexities of these changes. Read more here to understand why broker representation is more crucial now than ever.

The much anticipated and discussed NAR settlement changes are going into effect this week. For buyers, this means that you will need to sign an agreement with an agent BEFORE they show you any homes. That agreement will outline: *what your relationship is to that agent (i.e. exclusive or non-exclusive) *how long the agreement is valid for *how much you are agreeing your agent will be paid if you buy a house Note: This does not necessarily mean that you will have to pay your buyer's agent out of your pocket. The seller may still offer to pay the buyer's agent commission or offer a concession that you can use to pay your agent. If they don't offer anything upfront, your agent can work with you to request it to be paid by the seller as part of your offer. Read this article to find out more and feel free to call me to discuss. I know it is a change to the way things have been done and it can be confusing, but I'm here to guide you through it. I strongly encourage you to hire a buyer's agent to help you through the process so you have someone looking out for you and your best interests during the transaction. #ohresourcefulrealtorthursday #homebuyingtips

Do you have questions about the NAR Settlement? This article will help you understand questions you may have about being a buyer or seller.