Should you pay for a real estate agent?

So, should you have to pay for a real estate agent? The National Association of Realtors (NAR) announced changes to their practices and procedures as a result of the real estate lawsuit settlement. These changes take effect August 17, 2024. Major changes include (1) sellers will not be allowed to disclose offers of compensation to buyer agents on the multiple listing service (MLS) and (2) buyers will be required to enter into a written agreement with MLS participants before touring a property. This means that if you’re buying a home, you must be prepared to pay for your real estate agent. According to a NAR report, 89% of buyers chose to use a real estate agent. We think this trend will continue. Here’s why.

Blog: https://homeestaterealty.com/should-you-pay-for-a-real-estate-agent/