The New Rules of Real Estate - [Full Breakdown with Sharran Srivatsaa with US Real Estate changes]

Residential Real Estate Consumer Awareness Executive Summary

Understanding the key practice changes to buying and selling real estate in the US in 2024 and beyond

Meaning, there are a few new practice changes that are being implemented related to the purchase and sale of a home in the United States. Specifically:

1. Buyer’s Agents must enter into a written agreement that clearly discloses the details of the compensation that will be received prior to touring any homes.

2. Practice changes are moving toward all compensation being paid directly by the seller and/or the buyer. This is replacing the prior practice of “sharing” or “cooperation” of compensation between the listing broker and buyer broker.

3. Offers of compensation to a Buyer’s Agent may not be made on an MLS.

QUESTIONS?

Please contact your real estate agent directly.

If you would like to reach Sharran Srivatsaa, you can contact him directly via DM on Instagram

➡️   / sharransrivatsaa