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All you need to know
NAR SETTLEMENT RECAP
Starting August 17, 2024, the real estate industry will undergo significant changes due to the National Association of Realtors (NAR) lawsuit settlement. Here’s a straightforward breakdown:
1. Commission Transparency: Real estate commissions will be more transparent, allowing buyers and sellers to see exactly what they are paying for and to negotiate these fees more effectively.
2. No More MLS Compensation Offers: MLS listings will no longer show offers of compensation to buyer brokers. Instead, compensation must be negotiated directly between the parties.
3. Buyer Agent Fees: Buyers might need to pay their agent’s commission, which used to be covered by sellers. This could increase the cost for buyers.
4. MLS Participant Definition: The new rules focus on the obligation to share property information and cooperate, without mentioning compensation offers.
Buyers :
- Prepare for Extra Costs: Buyers might need to cover their agent’s fees, so they should factor this into their budget and negotiate these costs upfront.
- Better Understanding: The changes will provide buyers with a clearer picture of what they’re paying for, making it easier to evaluate the value of their agent’s services.
Sellers:
- Potential Savings: Sellers might save money if buyers cover their agent’s fees. However, this could make selling harder if buyers are hesitant about the extra costs.
- Be Ready to Negotiate: Sellers should be prepared to discuss compensation terms with buyers and their agents.
What can I do For YOU?
Real Estate Done Right
Nervous about your property adventure? Don’t be. Whether you're getting ready to buy or are getting ready for listing your home, in the middle of it, or just looking for some answers, as a real estate agent, Liz's top-notch skills ensure you get the best experience possible. It’s what Liz loves to do.
Rely on An Expert REALTOR®
Did you know that only a Realtor® is required to abide by a strict code of ethics? Not only is Liz a real estate agent, but she's also a Realtor®. With Liz's expertise and her high level of ethics, combined with living in South Forsyth County for over 20 years, you get an expert REALTOR® .
Meet Liz Sills
Your Buying and Selling Expert
For Liz, as a real estate agent her job begins with relationships first and foremost.
"When you list your home with me, I become part of your team to sell your home for top dollar. And when you buy with me, I make certain you're protected during the entire process."
Being a great realtor requires a unique combination of skills, knowledge, and personality traits. First, a dedicated local realtor has to understand the region that they serve. Every real estate market is so unique, and that includes a deep understanding of the latest trends, pricing strategies, and property values.
Liz prides herself on her connection to the people she serves. With years of marketing and advertising experience, her excellent communication and negotiation skills help her clients navigate the home buying or selling process with confidence knowing their realtor is a regional expert and there to get the best for you.
Liz’s hidden talent is valuation! She consistently delivers above list closings for her clients and that only comes with an agent who knows her region and in particular, South Forsyth County – and that’s Liz!
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