Friday, September 20, 2024

Article I wrote for this month's Comstock's Magazine: The Changing Landscape of California Real Estate: What Home Buyers and Sellers Need to Know...

This month's edition of Comstock's Magazine includes an article I wrote about the National Association of REALTORS® Settlement and recent real estate practice changes, which became effective last month…and I underscore higher level of transparency and the continued importance of REALTORS as trusted experts in transactions.

Effective August 17, these key practice changes include mandatory buyer representation agreements, requiring buyers to formalize their relationship with agents before home tours, and the elimination of buyer-agent compensation offers in MLS listings. Buyers will need to negotiate agent fees upfront, enhancing transparency and shifting some of the dynamics of negotiating offers and terms with sellers. Sellers may adopt new marketing strategies to appeal to buyers navigating these changes, highlighting the importance of skilled real estate professionals during the process.

Read the article here.

No comments: