In this video, we discuss two key changes in the real estate industry mandated by the National Association of REALTORS. First, offers of compensation will no longer be visible on MLS platforms, making the process more transparent. Second, agents now need a written agreement with buyers before touring homes, ensuring clarity on roles and compensation. These changes aim to enhance transparency and understanding in real estate transactions. Stay tuned for more details in Parts 2 and 3 of our series, and feel free to reach out with any questions!
TRANSCRIPT:
Hey there, Miamism friends and followers! Today, we're diving into some key changes in the real estate world that you need to know about.
First up, the National Association of REALTORS has made a significant change: offers of compensation will no longer be visible on MLS platforms. This doesn't mean sellers aren't offering compensation to buyer's agents; it simply makes the process more transparent.
Second, agents now need a written agreement with buyers before touring homes. This agreement clarifies everyone's roles and expectations, including how the buyer's agent is compensated.
These changes are designed to bring more clarity and transparency to the real estate process. Stay tuned for Parts 2 and 3 of our series, where we'll explore these changes in more detail. And as always, we're here to answer any questions you might have!
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