The luxury residential market in Los Angeles is adapting to new rules, where brokers are navigating significant changes and focusing on closing deals despite challenges.
The rules from the Sitzer-Burnett class action settlement mean buyers now need to sign representation agreements before property viewings, which could affect transaction dynamics.
The involvement of top agents in the Pushing Luxury Limits panel showcases the proactive approach of brokers in overcoming the current headwinds in the market.
The requirement of no buyer commission information on the Multiple Listing Service is pivotal, as it challenges traditional practices in the luxury real estate sector.
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