Learn how a landmark lawsuit and industry-changing rule adjustments are reshaping real estate transactions, offering sellers and buyers significant opportunities to save on agent fees and make more informed decisions.
Discover the essential first step that every buyer and seller must take in today’s changing real estate landscape—negotiating agent fees. Learn why this pivotal action can make all the difference in maximizing your savings.
Uncover the most important statements from the National Association of REALTORS® about rule changes. These insights can empower you to negotiate better terms and save money in your real estate transactions.
Real estate agents can offer immense value throughout a transaction, from pricing strategies to navigating complex processes. Learn why starting with negotiation sets the stage for a more collaborative and beneficial relationship.
Negotiating terms with a prospective real estate agent or broker is a crucial step that can significantly enhance the relationship between clients and their agents.
Compensation rule changes require written agreements between buyers and their agents, clearly outlining compensation terms. Sellers are no longer obligated to pay a buyer agent’s commission, which creates opportunities to save but may also shift some costs to buyers. Understanding these changes can help you navigate the new real estate landscape with confidence.
Yes! Real estate agent commissions are fully negotiable. Both buyers and sellers can negotiate terms with their agents to reduce costs and maximize value. Negotiating the comp is a crucial first step in saving money during your real estate transaction.
The NAR settlement, stemming from antitrust litigation, introduced significant rule changes designed to make real estate transactions more consumer-friendly. These changes include requiring written buyer agreements and removing the obligation for sellers to offer compensation to buyer agents, creating new opportunities to negotiate fees.
While both require a real estate license, REALTORS® are members of the National Association of REALTORS® and must adhere to its Code of Ethics. This means that REALTORS® are bound by stricter professional standards, which may impact their approach to your transaction.
Negotiating agent fees upfront ensures you fully understand the costs involved and secures terms that align with your goals. It can result in significant savings and puts you in control of your real estate transaction from the start.
Offers of compensation are no longer required to be made by sellers to buyer agents. While still an option, these offers must now be communicated outside of MLS platforms. This creates new flexibility for sellers but also requires buyers to carefully review their agreements.
Ensure the agreement clearly outlines compensation, services, and terms. For buyers, agreements must specify compensation details and avoid open-ended terms. Sellers should confirm the commission structure and understand their responsibilities under the new rules.
Legal representation provides an independent, expert perspective, helping you understand complex agreements and avoid pitfalls. With legal guidance, you can navigate negotiations confidently and secure terms that work in your favor.
Contact Mintzer Legal, LLC created by Founder/Director of Negotiate the Comp, Glenn Mintzer. Mintzer Legal can bridge the gap between understanding your options and negotiating with confidence. Mintzer Legal offers advice and straightforward booking options to help you Negotiate the Comp.
Skip to content
