What’s “Real” About the Recent Real Estate Headlines?
FICTION – The commission on buying or selling a home is gone
FACT – Commissions have always been negotiable in real estate transactions. Sellers can continue to offer compensation
FICTION – Sellers no longer need to compensate buyer’s agents
FACT – Offering buyer agent compensation or concessions is a strategic choice made by a seller in consultation with their listing agent. The commissions have always been negotiable
FICTION – Buyers no longer need a buyer’s agent
FACT – Buyers are best protected by professional real estate agents. When making one of the most significant financial transactions of their lifetime, buyers deserve a trusted advisor to guide them through the process and represent their interests.
FICTION – The settlement will change the way Americans buy and sell homes
FACT – Real estate professionals will continue to help buyers and sellers navigate one of the most costly and complex transactions of their lives.
FICTION – Sellers are now prohibited from offering buyer’s compensation
FACT – Offering a buyer’s agent commission has always been up to the seller. Sellers can continue to offer compensation to buyer’s agents if they believe it will lead to the best outcome for the sale of their property.