Here’s what you need to know about recent real estate legal changes.
In case you don’t know, there have been huge legal developments in the real estate industry recently. The way agents earn commissions, specifically on the buyer’s side, will change completely. How will this affect the average agent? What should you do to prepare for these changes? Today, we’ll discuss these questions and more with an expert real estate attorney.
You can listen to our full conversation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
1:02 — How will this impact the average agent?
2:52 — The class-action lawsuits
3:55 — Where things are at right now
5:23 — How negotiating commission works now
6:45 — Some issues with the potential changes
8:44 — Buyer’s agents need to use buyer-broker agreements
10:24 — A potential positive outcome
11:24 — Wrapping things up
If you have questions about this topic or anything else, please call or email us. We are always willing to help!
