August 17 2024

August 17 2024

On August 17, 2024, new real estate rules took effect that significantly altered how real estate agents are paid.

One of the biggest changes is that sellers are no longer required to automatically cover the buyer’s agent commission. Now, buyers must decide if they want to pay their agent, and if so, how much.

This shift means that buyers will need to negotiate directly with their agent and sign a formal agreement outlining how they will compensate them. Additionally, real estate brokers’ compensation will no longer appear on multiple listing services (MLS).

These changes stem from a settlement agreement with the National Association of Realtors (NAR) to resolve disputes from home sellers over broker commissions. Some experts have even called this one of the most significant shifts in the real estate industry in a century.

However, the impact of these changes is far-reaching, and it’s essential to stay informed.  Checkout this article to see some of the potential fallout.

Despite the updates, don’t assume the real estate landscape has drastically shifted. In my opinion, this is simply another example of putting lipstick on a pig.

This post is for informational purposes only. Be sure to use common sense and consult with various professionals to fully understand how these new rules might affect you and your family.

The Florida Alliance

The Florida Alliance

Affordably Connecting Florida 

Buyers, Sellers, Renters, Contractors, and Other Service Professionals

The Florida Alliance is designed for Real Estate Brokers in Florida who want to provide alternative solutions for their customers or clients interested in reducing their costs and time committed to selling their property.

This is a referral network allowing Agents and Brokers the ability to customize the sales experience inside or outside the traditional MLS system. The website is included in this product, along with contact informaton of others in the alliance for communication.

Users: Start by posting your listing for free.

Let the world know of your home and your plans. Share your images, features, videos and more. Then branch out to the niche markets and reference the details of your property as you interact with buyers and professionals.

Be truthful and honest with your representations to save time and problems.

Introduction

Introduction

Introduction

A brief overview of Naples SWFL Services and Products.

Our uniqueness is our dedication to adding value for all who play the Real Estate game.

 

Win Win Win

Win Win Win

Transparency

With transparency, everyone can win.

Agents, Buyers and Sellers all want to know they are being treated honestly and fairly.

Using The Competitive Bid Process allows products and services to discover their “True Value” at any given moment in time.

The key to success using this approach is to consolidate the marketing process into a highly focused and efficient campaign.