NAR Settlement Brings New Changes to Buying and Selling Real Estate
( Burnett v. the National Association of Realtors )
Sellers Notice
“Sellers, you do NOT have to pay the Buyer’s Agent’s Commission. It is NOW (Burnett v. NAR) the sole the responsibility of the Buyer. Furthermore, I will NEVER try to force my Sellers to pay a Buyer’s Agent, but I, when needed will pay their Brokers from my commission at my discretion and then their brokers can decide what happens with my concession or their commission”.
Disclosure
I will NOT split any commissions with the Buyer’s Agents, unless I AM approved and directed to do so by YOU “THE SELLER!” in writing. And If so it will be fully disclosed and signed for up front as part of the listing agreement!
My Promise
I promise you that working with my team will bring complete and utter joy to you and yours! And to the Buyer, I will show you all available homes and will do my best as the Broker (with no guarantees) to make sure that your Buyer’s Agent is paid unless you are paying them. Your agent should inform us of this upfront and in ther very beginning of the process. The recent legal outcome requires that the buyer pays their agent and the seller now is under absolutely no obligation to pay the buyer’s agent.
Buyer's Agent
And if you are a buyer’s agent, when we receive your offer, you must disclose just how much the Buyer has agreed to pay you (Includes Gifts). That will determine if and/or just how much of any commission will be paid to your broker.
Buyers
If I AM only representing you as the buyer, I will address all fees if any due to me (The Broker) and by whom upfront before you sign and we show you the first home. And furthermore each listing will and may require a different and unique approach, but I promise, I will get us through the legally new process with speed and ease. I will show you all requested available homes. I will advise, and most of all, take your lead as I do represent you. I AM your Broker and I will ONLY represent you. And one
last thing I do not in general charge buyers to to show them any properties. My Fees and Concessions are Broker-To-Broker from the Listing Agent, unless the Seller approved a Buyer’s Agent Commission.
If I AM also the Listing Agent, I will notify you of that fact upfront. I will do everything I can to make sure all sides of the transaction are satisfied, by asking for your needs, goals and expectations at the very start of the process. Then I will work to meet and in most cases surpass your goals and expectations.
