🏡 New Rules Alert for California Home Buyers & Agents! 🌟 starts in July 2024

🏡 New Rules Alert for California Home Buyers & Agents! 🌟

Attention California homebuyers and real estate professionals! The National Association of Realtors has introduced pivotal changes affecting buyer's agents and their commissions. Here's what you need to know:

Transparency First: Agents must now disclose commission rates upfront, ensuring buyers understand the financial aspects of their home purchase better.

Buyer's Choice: Buyers have the option to negotiate their agent's commission. This change empowers buyers, potentially altering how agent fees are structured and paid.

Listing Inclusivity: Listings that offer a non-zero commission to the buyer's agent must be included in the MLS, promoting fairness and access to a wider range of properties.

These updates aim to enhance transparency, fairness, and competition in the California real estate market. Whether you're buying or selling, it's crucial to understand how these changes may affect your next real estate transaction.

Stay informed and consider consulting with a real estate professional to navigate these new waters smoothly. 🌊🏠

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