Скачать или смотреть NAR Settlement Explained: What Every Homebuyer Needs to Know

What do buyers need to know about the NAR settlement? If you are asking yourself this question you’re not alone. With all of the noise in the real estate industry about the NAR settlement and what changes are now in place; ensuring you are properly educated is vital as a consumer purchasing a home. Top producing agent Jennifer Wade with EXP Realty joined us to shed light on the settlement. Jennifer has over 10 years of experience in the real estate business, she is a team leader, a coach, wife and mom. Join us as we briefly dive into the settlement, why it occurred, a few of the changes and how it affects the consumer.

Questions asked:

Give a brief summary of the NAR Settlement:
It occurred due to sellers disapproving of being forced to pay both agents commissions.
Buyers are required to cover their own agent’s commission and required to have an agreement signed prior to seeing any homes with their agents

Do these changes benefit a buyer? If so, how?
Yes! Now buyers have the opportunity to interview agents to ensure they work with the right one.
Buyers should know what they like, want and need in an agent to help improve their chances of finding a quality agent.
Buyers should ask the agent qualifying questions to determine if they are the right one.

What questions should a buyer ask the agent they are interviewing?
First ask yourself - What do I need to help me understand this process? Charts, graphs, data, or someone that moves efficiently and is confident etc.
Tell me about a time where you…….
What makes you different? Why should I choose you?
Tell me about your process?

Should buyers go directly to the listing agent?
No!
The listing agent has fiduciary duties to the seller, they have built a relationship overtime and the agents' goal is going to be in their best interest.
The buyer needs their own representation someone they know and trust will protect their best interests.

If you would like to contact Jennifer Wade
(407) 394 - 9342
IG: Iamjenniferwade