Given the widespread misinformation, we aim to clarify recent real estate headlines with factual insights.
FICTION:
The 6% commission on buying or selling a home is gone.
FACT:
Commissions have always been negotiable in real estate transactions. Listing agents and sellers can continue to offer compensation outside of the National Association of Realtors®.
FICTION:
Sellers no longer need to compensate buyer’s agents.
FACT:
Offering buyer agent compensation or concessions is a choice made by a seller in consultation with their listing agent. The commissions have always been negotiable.
FICTION:
Buyers no longer need a buyer’s agent.
FACT:
Buyers are best protected by professional real estate agents. When making one of the most significant financial transactions of their lifetime, buyers deserve a trusted advisor to guide them through the process and represent their interests.
FICTION:
The settlement will change the way Americans buy and sell homes.
FACT:
Real estate professionals will continue to help buyers and sellers navigate one of the most costly and complex transactions of their lives.
FICTION:
Sellers are prohibited from offering buyer’s compensation.
FACT:
Offering a buyer’s agent commission has always been up to the seller. Sellers can continue to offer compensation to buyer’s agents if they believe it will lead to the best outcome for the sale of their property.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
