Confused about Realtor commissions? Learn how new rules impact you and why expert guidance is essential for buying or selling your home.
Have you ever wondered how Realtor commissions work? The other day, a client asked me, “Can you explain how Realtor commissions work now? I know things have changed recently.” I get it—real estate can be confusing, especially with recent changes.
So, here’s the deal: things have changed, but in some ways, they haven’t. Let me explain.
The big change:
- No more advertising commissions: Listing brokers can’t advertise commission rates to buyer’s agents through the MLS anymore. Now, agents need to contact listing brokers directly to discuss payment for each property they show.
What hasn’t changed:
- You still need expert help. The old saying, “There’s no such thing as a free lunch,” is valid here. If you’re buying a home, you still need professional guidance on pricing, inspections, negotiations, etc., and that expertise is invaluable.
“You can’t get something of value for nothing—expert guidance is worth every penny in real estate.”
Managing buying or selling a home without an expert by your side is difficult. When you work with a dedicated agent, you get:
- Personalized advice: Tailored guidance to make the best choices.
- Skilled negotiation: Someone fighting for your best interests.
- Smooth transactions: Handling hiccups like inspections and closing delays so you don’t have to stress.
Some people might offer “free” real estate services, but the truth is that “free” can be expensive. Without proper representation, you might:
- Overpay for a property.
- Miss critical issues during inspections.
- Lose out during negotiations.
That’s why investing in a trusted agent is so important. We ensure you’re getting the best deal and protect your interests every step of the way. If you’re ready to take the next step or have questions, contact me at (567) 408-4811 or jon@modene.com. Let’s work together to make your real estate experience smooth and successful.
