NAR Settlement: What Home Sellers NEED to Know!

In this video, we dive into the critical changes brought by the recent NAR settlement and what home sellers need to know in this new era of real estate. Learn about the significant broker compensation changes, the introduction of mandatory buyer agency agreements, and the enhanced real estate transparency that aims to benefit both buyers and sellers. Stay informed and ahead of the curve as we break down how these changes will impact your home selling process. #realestate #narsettlement #homesellers
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0:00 - NAR Settlement, What Changes for Sellers?
1:05 - Briefing on the Settlement
2:42 - Commission
6:01 - Impact to Listing Agreement
7:40 - Transparencies and Disclosures
10:20 - Market Analysis
12:13 - Seller Strategies Post Settlement
Anthony Esposito is a Cleveland Real Estate Agent specializing in New Construction, Upsizing, and VA with eXp Realty, LLC. Serving the Cleveland Area Communities of Medina, Brunswick, Strongsville, North Royalton, Brecksville, North Ridgeville, Avon, Avon Lake, Fairlawn, Copley, and many more. Allow him the opportunity to sell your home in a timely manner, for top dollar utilizing modern marketing strategies or allow him to join the exciting adventure in finding your dream home.
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[@jordanchan4944]

"A house sells itself." Wow! The first honest agent I've come across! All the agents I've talked to say they can get me more money than others 😂

[@anthony_esposito]

Who am I if I were to lie or mislead...that's terrible business and flat out wrong! Can't speak for other agents, but negotiating skills and a tactical approach is how I can potentially help getting the most money for the home. Maybe that's what they meant? But yes, it sells itself!

[@GotNextGamingEmp]

I will disagree slightly. When you think about it from a certain point of view the fees came from the buyer. They paid the seller to buy the house. The seller then was charged a fee that was split up. The money always came from the same place now it is being shown differently. This is what buyer agents need to know and say when they are asked about the fee on the agency contract. .

[@anthony_esposito]

Yes and no. Yes, the buyer does pay for the home, which out of that money the equity, closing cost, and fees come out of what the seller nets. So, it is technically coming from the seller. The new set up, does not guarantee buyers will have their representation covered by the sellers net. So that money may be in addition to the amount paid for the home. But, just like a listing agreement, the buyers agreement is negotiable for agent fees.