Found 1 blog entry tagged as Buyer-Agent Relationship.

The New Landscape of Real Estate Representation: What Buyers Need to Know

A Major Shift in Realtor Compensation

The real estate industry is undergoing its most significant transformation in a century. Following a landmark legal victory against the National Association of REALTORS® in 2023, the traditional compensation structure for real estate professionals has been fundamentally altered, with these changes taking full effect as of August 17, 2024.

How Things Worked Before

Previously, the real estate transaction process operated through a relatively straightforward model:

  1. Sellers would hire a listing broker for a percentage or fixed fee
  2. Through the listing contract, the seller's broker could offer to share compensation with buyer's…

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