Capitolhouses Blog

To say real estate is changing is like saying the sun is rising. But this time a great shift is indeed taking place. Everyone is trying to figure out where or how the dust settles.  If you are planning to buy or sell- Pay Attention! Lets start from the beginning. The National Association of Realtors (NAR) lawsuit and settlement appears to be close to been settled.  The implications of this lawsuit and settlement for a buyer or seller are significant. Traditionally brokers negotiated with sellers to pay for their fees and buyer brokers fees. This offering was disclosed on Multiple Listing Service (MLS). Buyers came to expect the services they received from their buyer agent to be paid for by the seller. This settlement makes this go away-SORT OF. Here are some changes:  NAR has a new rule prohibiting offers of compensation on the MLS. This means buyers, seller and their brokers can still offer compensation.  They just can not do it through MLS.  Sellers can still offer compensation, it