🏠 New Real Estate Rules Are Here: What Every Home Buyer Must Know!

By Chrystal & David Schoenbrun - Pacific Home Group
Broker Associate/Realtor Team @ Pacific Home Group | Y Realty
"Navigating Real Estate, Nurturing Dreams"

📌 The New Reality of Buying a Home: Why a Buyer Representation Agreement is Now Required

Thinking about buying a home? 🏡 Well, before you even step inside a property, there’s a new rule you need to know about! As of August 17th, buyers must sign a Buyer Representation Agreement before they can view homes with a Realtor. This change is reshaping the home-buying process, making it more structured and transparent. Here’s everything you need to know to navigate this new real estate landscape successfully.

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📜 The Buyer Representation Agreement: What It Means for You

The National Association of Realtors (NAR) has implemented this rule to clarify the relationship between homebuyers and their agents. Just like an attorney wouldn’t start working on your case without a signed agreement, Realtors now require buyers to sign a contract before viewing homes.

So, what does this mean for you? 🤔

✅ A Formal Agreement: It confirms that you’re working exclusively with a specific Realtor who will advocate for your best interests.
✅ Transparent Compensation: It outlines how your Realtor will be compensated—whether by the seller, by you, or through shared commission costs.
✅ Commitment & Protection: Your Realtor is legally bound to represent you, ensuring your financial interests are defended throughout the process.

💰 Understanding the New Compensation Rules

In the past, buyers’ agent commissions were often listed on the Multiple Listing Service (MLS) for transparency. However, that has changed. Under the new NAR rule, the advertising of buyer broker compensation is now prohibited.

So how does your Realtor get paid? Let’s break it down:

✔️ Seller-Paid Commission – The seller may still cover the buyer’s agent’s fee through direct compensation, credits, or concessions.
✔️ Buyer-Paid Commission – Some transactions may require buyers to pay out of pocket. This will be outlined clearly in the agreement.
✔️ Shared Commission – In some cases, the buyer and seller split the cost of the buyer’s agent commission to keep the transaction fair.

This means it’s more important than ever to work with a professional Realtor who can negotiate the best deal for you and ensure you’re not left paying unnecessary costs. 💡

🛡️ Why Having a Realtor is More Important Than Ever

Buying a home is one of the biggest investments of your life. Just like you wouldn’t go to court without a lawyer, you shouldn’t navigate a real estate transaction without a skilled buyer’s agent on your side.

🏠 Our team at Pacific Home Group is committed to:
✔️ Protecting Your Money – We fight to have the seller cover all or most of the commission so you keep more cash in your pocket. 💰
✔️ Finding Your Dream Home – We go beyond MLS listings, giving you access to off-market properties and exclusive deals. 🔑
✔️ Negotiating the Best Deal – Whether it’s price, closing costs, or repairs, we ensure you get the best terms possible.

🔮 The Future of Home Buying: What You Need to Do Now

✅ Stay Informed: These changes are part of broader real estate reforms that will continue shaping the market.
✅ Be Proactive: Signing a Buyer Representation Agreement isn’t just a requirement—it’s a smart move to ensure you have a dedicated professional working for you.
✅ Work with Experts: At Pacific Home Group, we make sure our clients understand their rights and navigate these new regulations with ease.

🚀 Ready to buy? Let’s make sure you’re prepared!

📩 Contact Pacific Home Group today for expert guidance. We’ll walk you through the new rules, help you find the perfect home, and ensure your best interests are protected every step of the way.

📞 805.404.6510
📧 pacifichomegroup@gmail.com
🔎 Start Your Home Search Today: www.thepacifichomegroup.com

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