🚨 URGENT: Understanding the Impact of the NAR Settlement on Homebuyers
The recent NAR settlement introduces several changes for homebuyers. Key points include the requirement to sign a written agreement with your agent before touring a home, which must clearly disclose the agent's compensation. The settlement ensures that broker fees are fully negotiable and prohibits agents from receiving compensation beyond what’s agreed with the buyer. These changes, effective August 17, aim to enhance transparency and consumer protection, while the agent’s ethical obligations to act in your best interest remain unchanged.