Got Questions?
There are many things to consider when buying a new home. Please explore this resource and feel free to return as often as you like.
#1. Recent changes
Here is what the settlement means for homebuyers:
You will sign a written agreement with your agent before touring a home.
Before signing this agreement, you should ensure it reflects the terms you have negotiated with your agent and that you understand exactly what services and value will be provided, and for how much.
The buyer agreement must include four components concerning compensation:
A specific and conspicuous disclosure of the amount or rate of compensation the real estate agent will receive or how this amount will be determined.
Compensation that is objective (e.g., $0, X flat fee, X percent, X hourly rate)—and not open-ended (e.g., cannot be “buyer broker compensation shall be whatever the amount the seller is offering to the buyer”).
A term that prohibits the agent from receiving compensation for brokerage services from any source that exceeds the amount or rate agreed to in the agreement with the buyer; and, A conspicuous statement that broker fees and commissions are fully negotiable and not set by law.
Written agreements apply to both in-person and live virtual home tours.
You do not need a written agreement if you are just speaking to an agent at an open house or asking them about their services.
The seller may agree to offer compensation to your agent. This practice is permitted but the offer cannot be shared on a Multiple Listing Service (MLS)— MLSs are local marketplaces used by both buyer brokers and listing brokers to share information about properties for sale.
You can still accept concessions from the seller, such as offers to pay your closing costs.
These practice changes went into effect August 17.
Here is what the settlement doesn’t change:
Agents who are REALTORS® are here to help you navigate the homebuying process and are ethically obligated to work in your best interest.
Compensation for your agent remains fully negotiable, and if your agent is a REALTOR®, they must abide by the REALTOR® Code of Ethics and have clear and transparent discussions with you about compensation. When finding an agent to work with, ask questions about compensation and understand what services you are receiving.
You have choices. Work with your agent to understand the full range of these choices when buying a home, which will help you make the best possible decision for your needs.
More details about these changes and what they mean can be found at www.facts.realtor.com
Our Services
GTRSALES is dedicated to assisting both homebuyers and sellers with comprehensive services:
For Homebuyers: Whether you're buying your first home or your next, our knowledgeable agents will guide you through every step of the process.
We offer a 7-step guide to the sales transaction for those interested. Contact us to receive your copy and learn more about how we can help you find your dream home.
For Home Sellers: We provide professional representation to ensure your home is priced correctly, staged effectively, and advertised to reach potential buyers. Our team is committed to making the selling process as smooth and successful as possible.
For more details or to get started, reach out to us through our website or give us a call. We're here to support you in achieving your real estate go
Can you sell my house?
If you're considering selling your house, GTRSALES is here to help! Here’s what you can expect:
Initial Consultation: Contact us to schedule a consultation with one of our experienced agents. We'll discuss your goals, timeline, and any specific needs you may have.
Property Valuation: Our team will conduct a thorough market analysis to determine the best pricing strategy for your home.
Marketing Plan: We’ll create a customized marketing plan to showcase your property to potential buyers, utilizing both traditional and digital platforms.
Showings and Negotiations: We’ll handle all showings and negotiate offers to ensure you get the best possible deal.
Closing Process: Our team will guide you through the closing process, ensuring a smooth and stress-free transaction.
Reach out to us through our website or give us a call to get started. We're excited to assist you in selling your home!
How do I start?
Scheduling a consultation is easy! You can contact us through our website, call our office, or visit our social media pages for more information. Our team is ready to assist you with your real estate needs.