The rules for homebuyers and sellers are changing in California. Here's what you need to know.
Briefly

from www.mercurynews.com5 months ago
The settlement and subsequent changes will revolutionize how commissions are handled in real estate, allowing sellers more control over agent compensation and potentially leveling the playing field.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/17/the-rules-for-homebuyers-and-sellers-are-changing-in-california-heres-what-you-need-to-know/
Beginning August 17, real estate agents must adapt to the new commission structure, where buyer's agents may not automatically receive compensation, shifting the marketing expense directly to sellers.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/17/the-rules-for-homebuyers-and-sellers-are-changing-in-california-heres-what-you-need-to-know/
As stated by Tammie Peters, offering compensation to buyer agents will become an essential marketing strategy for sellers in order to attract more potential buyers to their listings.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/17/the-rules-for-homebuyers-and-sellers-are-changing-in-california-heres-what-you-need-to-know/
The ruling by a federal judge indicates potential shifts in agent incentives, as the perceived value of listings could diminish if buyers don't feel assured their agents will be compensated.
www.mercurynews.comhttps://www.mercurynews.com/2024/08/17/the-rules-for-homebuyers-and-sellers-are-changing-in-california-heres-what-you-need-to-know/
Read at www.mercurynews.com
#real-estate #commissions #nar-settlement #market-changes #agent-compensation
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