06 Aug The Recent Settlement with NAR – What it Means for Sellers

    Posted at 22:25h in Video by



    This announcement outlines significant changes following a recent settlement related to broker commissions, particularly how they impact home sellers. Here’s a summary of the key points:

    What the Settlement Means for Home Sellers:
    Choice to Offer Buyer Broker Compensation:

    You can still choose to offer compensation to buyer brokers, which might make your home more appealing to potential buyers.
    Mandatory Disclosure and Approval:

    Your agent must clearly disclose and obtain your written approval before any payment is made to a buyer’s broker. This disclosure must detail the exact amount or rate of payment.
    Changes in How Compensation is Offered:

    You can still offer compensation, but it can no longer be included on the MLS.
    Your agent can still market your listing via non-MLS platforms like social media, websites, and flyers.
    Buyer concessions can still be listed on an MLS.
    What the Settlement Doesn’t Change:
    Agent’s Role and Ethics:
    REALTORS® continue to be a trusted resource, ethically obligated to act in your best interest.
    Negotiability of Agent Compensation:
    Compensation remains fully negotiable, and transparent discussions about it are essential.
    Seller’s Choices:
    You have a range of choices in the selling process, and it’s crucial to work with your agent to understand them fully.
    These changes will come into effect on August 17.

    If you’re a seller in Colorado, understanding these changes is vital, especially in a competitive market like ours. Would you like to discuss how these updates might impact your strategy for selling homes? Let’s Connect.

    Links to FREE Guides:
    Buyers Guide – https://bit.ly/3Dtrrfd
    Sellers Guide – https://bit.ly/3Dt57T5
    First Time Home Buyer’s Guide – http://bit.ly/3J5VXhm
    Website Links:
    JenniferBonis.com – https://bit.ly/3MTaFeh
    Social Links:
    YouTube – http://bit.ly/3LayRss
    Facebook – http://bit.ly/3yvk6ZI
    Twitter – http://bit.ly/3JuYt1M
    Instagram – http://bit.ly/3T8qgbv
    LinkedIn – http://bit.ly/3Fftww3
    Pinterest – http://bit.ly/3ZFxpmd

    source

    Tags:
    , ,
    Print page
    0 Likes
    No Comments

    Post A Comment