The new commission rules as per the NAR Settlement in mid August are now in full force. It's impressive to see how most agents are nimbly navigating and evolving to meet the new requirements and do business as usual. Now more than ever it's important to develop a mindset that embraces - and makes the most of - the still-new commission rules. One effective way to do this is to double-down on your next Open House. The Open House marketplace can create opportunities to bring in more qualified buyers. Although the new commission rules add the burden of ever-increasing paperwork, it's possible to turn those lemons into lemonade. Here's how to make the most of the new rules on your next Open House: … [Read more...] about How to Make the Most of the New Rules on Your Next Open House
Realtor Resources
What to do Now to Maximize 2025
As we approach the end of the third quarter, it's hard to believe fall and winter are right around the corner. Summer has flown, and hopefully your real estate business thrived during the spring sell seasons of Q1 and Q2. So even though the year's end may feel far away, now is the perfect time to focus on how you want to finish out 2024 for a strong start to 2025. With that in mind, here's what to do now to maximize 2025: … [Read more...] about What to do Now to Maximize 2025
One Simple Solution for the New Commission Rules
August 17th came and went, the day the NAR Settlement rules fell into place. Everyone agrees it's been a confusing time for agents and consumers alike. Trying to sift through the new rules and be compliant have presented many challenges. Here's one simple solution for the new commission rules: START WITH A BUYER AGREEMENT The NAR Settlement requires agents to use Buyer Agreements (BAs) prior to showing property. The definition of a Buyer's Agent is that you do the following work on behalf of your buyer: The agreement must include a “specific and conspicuous” disclosure of the amount or rate of compensation you will receive. The amount of compensation must not be open-ended and can go lower but never over the agreed upon amount. PUT IT IN THE OFFER Here's where it … [Read more...] about One Simple Solution for the New Commission Rules
Why You Should Care About Appliance Limit Upgrades
If your eyes glaze over when you hear the words "appliance limit upgrades," you are not alone. What even is that? you might be asking yourself. And why should I care? It's a somewhat unexciting topic, to be sure, until you are faced with phone calls from clients you just sold a high-end home to. Unfortunately, that built-in sub-zero refrigerator just broke down and now your clients are faced with a $10,000-$20,000 replacement bill right after closing on their dream house. Not a happy moment. But being able to calmly tell them to call the home warranty company you so thoughtfully chose for them is worth gold. And that is why you should care about appliance limit upgrades. Here's the skinny on appliance limit upgrades: … [Read more...] about Why You Should Care About Appliance Limit Upgrades
How Real Estate Became a “Thing” in the United States
Many of us take for granted our right to own a home. And most of us are also unaware of how government-backed loan programs help us achieve homeownership. Referred to as "The American Dream," homeownership has become a rite of passage in this country. But history tells us widespread property ownership is a fairly recent phenomenon. Today, owning real estate is still recognized as the best way to build intergenerational wealth while also enjoying a secure place to live. Best of all, the right to own property is protected by our U.S. Constitution. Here's how real estate became a "thing" in the United States: … [Read more...] about How Real Estate Became a “Thing” in the United States