The Pulse #realtor

Looking Ahead:While change can feel daunting, it’s important to recognize the positive side. This settlement signals a move towards greater transparency and fairness in our industry—steps that benefit everyone involved. At Guide Real Estate, we're committed to guiding you through these shifts, ensuring that your real estate experience remains seamless, informed, and FUN! To reiterate, my primary goals are straightforward.

As Your Buyer’s Agent:

· Educate you on what your current financial responsibilities and where they could lead with any given contract considered.

· As your local expert, I will help you navigate this evolving and complex market.

· Minimize your out-of-pocket expenses + purchase price through skillful negotiating. 

· Streamline and sync the process to finding your DREAM HOME on your timeline.

As Your Seller’s Agent:

· Maximize exposure through industry leading technology, expansive network and strategic marketing. 

· Protect you and mitigate your risk through strategic advice + informed decision making.

· Generate top dollar offers and maximum equity.

· Bring the energy and positive vibes resulting in your rewarding journey.  

Feel free to reach out if you have any questions or if you'd like to discuss how these changes might impact your specific situation. I’m here to help you navigate these evolving waters with confidence. 

Recap:
What’s Happening?
In brief, a group of attorneys brought a class action lawsuit in Missouri against NAR and won. The lawsuit challenges certain practices within the real estate industry, particularly those surrounding Realtor compensation and the advertising of it. The settlement marks a significant shift in how these practices will need to be handled going forward. Changes took effect locally on August 15, 2024.Cheers to progress, positive change and necessary evolution in the Real Estate Industry!

 What’s Happening?

In brief, a group of attorneys brought a class action lawsuit in Missouri against NAR and won. The lawsuit challenges certain practices within the real estate industry, particularly those surrounding Realtor compensation and the advertising of it. The settlement marks a significant shift in how these practices will need to be handled going forward. Changes took effect locally on August 15, 2024. 

HELPFUL FAQ LINK

For Sellers:

Thankfully, the Exclusive Right-To-Sell Listing Contract remains very similar to mandated contract from prior to the NAR Settlement. The main focus once again falls under Section 7.0 Compensation To Brokerage Firm; Compensation to Buyer Brokerage Firm. This is where we will hyper focus on who is responsible for each Agent’s compensation and exactly how much.  

Pros: The cream will rise to the top as they say. There will be more competition among agents, and you will need to identify what you need most from your Agent. 

Cons: There may be increased pressure to negotiate commissions, which could complicate the process, cost more or cost less.