New rules are set to shake up the real estate industry starting August 17, bringing significant changes for both home buyers and sellers. As the National Association of Realtors (NAR) adapts to recent litigation settlements, two major changes stand out: sellers will no longer be required to compensate buyer agents, and buyers must now sign contracts specifying their agent's compensation.

Buyers beware: New rules set to shake up real estate industry

Buying a home is not only expensive, it’s about to get a little more complicated. The National Association of Realtors’ (NAR) settlement of its commissions lawsuit takes effect Aug. 17, ushering in several changes. The lawsuit was brought by home sellers, who argued that they should not be...

Buying a home is about to get a little more complicated

The thrill of selling your home can quickly turn into a daunting and expensive experience, especially when you factor in the hefty commission fees of a realtor. With the average realtor commission ranging from 4-6% of the sale price, it's no wonder that many homeowners are seeking alternative ways to sell their property without breaking the bank.

Bye-Bye Commission: The Ultimate Guide to Selling Your Home Without a Realtor

Straight Arrow News SANcom

New commission rules are coming on Aug. 17 that will rock the real estate world. The conventional way of buying and selling a home is over.

Big real estate change coming next week for buyers, sellers and agents

SmartAsset

A real estate purchase agreement is a document used in property transactions. It serves as a binding contract between buyer and seller, detailing all the essential terms and conditions of the sale like purchase price and closing date to contingencies and specific responsibilities. This agreement ensures that both parties are on the same page, paving […] The post What Is a Real Estate Purchase Agreement? appeared first on SmartReads by SmartAsset.

What Is a Real Estate Purchase Agreement?

Business Insider

Will it be easier to buy a house next year, and should we expect a housing market crash? Here's how to prepare based on housing market predictions for 2024.

Housing market predictions 2024: What homebuyers should know

Ralph Harvey, Jason Saphire and Ben Caballero are three of the most prolific agents in America. They collectively sold over 10,000 homes last year alone, and you won’t ever find them on the buy-side of a transaction. But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday.

America’s top listing agents don’t want to deal with the buyer’s agent commission mess

The typical American home seller pays a 2.55% commission to the real estate agent hired by their home’s buyer. That’s down from an average of 2.62% in January, before the NAR settlement was announced in March. This is according to Redfin, which analyzed MLS data of rolling four-week...

What buyer’s agents are being paid in your market

Learn the steps to finding a real estate agent who can help you with buying or selling a home, including questions to ask and how to vet their expertise.

Finding the Right Real Estate Agent: Everything You Need to Know

In the ever-evolving landscape of real estate, traditional methods of buying and selling homes are being challenged by a new player in the game: direct cash buyers. These innovative companies are disrupting the status quo and reshaping the way people navigate the real estate market. In this article, we’ll explore why direct cash buyers are positively changing how people buy and sell real estate, and why this trend is gaining momentum.

How Direct Cash Buyers Are Revolutionizing Real Estate Transactions

The Hill

President Biden was fed a series of gentle softballs over the weekend by Robert Costa of CBS News. He mumbled through his responses in what felt like an exit interview. After his debate debacle at the end of June, Biden publicly and privately stated that he was staying in the presidential race. It would take the “Lord Almighty” telling him to step aside for him to go, he told George Stephanopoulos. He held a press conference on July 11 that seemed to assuage concerns by some in his party. And then, 10 days later, he dropped out, in a letter posted to his social media accounts.

A possible October surprise? Biden resigns and Harris becomes president

Realtors across the country are bracing for a seismic shift in the way they do business. Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell their homes.

Biggest shakeup in a century set to hit real estate agents this week: Here’s how they’re preparing

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Trailer Empire

As the National Association of REALTORS® (NAR) implements its groundbreaking rules on agent compensation starting August 17, the real estate industry faces a period of tumult and transformation. These changes, part of a $418 million antitrust settlement, are shifting how compensation offers are communicated, leaving smaller brokerages and MLSs grappling with uncertainty.

New NAR Rules Spark Uncertainty: Smaller Brokerages and MLSs Navigate Post-Settlement Landscape

Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Justin Lee. Homeownership is a key factor in the idea of the American Dream, and no one understands that more than realtor Justin Lee. Coming from a family of real estate agents whose history in the industry goes back three generations, Justin discusses how his upbringing not only helped prepare him for his career as an African American real estate agent in a field dominated by White and European realtors, but how it also helped give him an edge in the business despite being in his 20s. Justin also shares tips on how to find way of financing a home when you don’t have the money to do so without breaking the bank, and how people can purchase large apartment complexes/buildings in their community by teaming up with one another and purchasing it as a team. If you own a home, are looking to buy a home, or are looking to buy a community building to put revenue back in your neighborhood, you certainly don’t want to miss this episode of Money Making Conversations Master Class.

Homeownership: Millionaire Realtor shares tips on different ways to finance

Herbie J Pilato

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

When it comes to the NAR settlement—based on a survey that was done with BAM and 1000watt—77% of sellers are willing to offer buyer agent compensation outside of the MLS. They’re willing to adapt to new rules. What that means is you have to be ready to...

How to Explain 4 Positives of Offering Buyer Agent Compensation to Sellers

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

ABC News

It's part of her economic agenda she will unveil Friday, her campaign says.

Harris to propose up to $25K in down-payment support for 1st-time homebuyers

Mediaite

Former federal prosecutor and NBC legal analyst Glenn Kirschner said that if Donald Trump loses the 2024 election, he will “spend the rest of his miserable life in court” or in prison. During a conversation on SiriusXM’s The Dean Obeidallah Show, host Dean Obeidallah asked about how and...

Former Federal Prosecutor: If Trump Loses Election He Spends ‘Rest of His Miserable Life’ in Court or Prison

FinanceBuzz

Here are a few reasons why you might be struggling to sell your house and 15 things to try to get closer to that "sold" sign.

15 Little-Known Tricks Some Homeowners Use to Sell Their Houses Faster

NewsBreak

Realtors settlement may lead to more agents serving buyer and seller

Aug. 17 has been circled on many a real estate agent’s calendar this year. That’s when big changes are coming to how those agents make their...

Realtors settlement may lead to more agents serving buyer and seller

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