In the wake of ongoing legal battles and regulatory changes in the real estate industry, staying informed is key to making sound decisions. Be aware of these updates affecting buyers, sellers, and agents in Northwest Ohio.
First question is, “When are the changes coming?” The changes are already underway, with some implementations stretching into June, July, and August. Contrary to misconceptions, Ohio does not currently mandate signing contracts before viewing homes, despite shifts in brokerage practices.
Second one is, “How will contracts, co-brokes, compensation, and cooperation change?” While details about contract minutiae are being addressed, the spotlight remains on financial implications. Concerns arise as legal battles and executive decisions potentially impact earnings, leading to speculation about reduced services and support for clients.
Lastly, “Sellers and seller’s agents represent only one party.” We are for ethical practices, emphasizing the importance of sellers’ agents representing their interests faithfully. We encourage buyers to engage buyer’s agents for personalized, client-centered representation.
In an industry marked by constant transformation, transparency, trust, and informed decision-making stand out as guiding principles. With a legacy of integrity and a commitment to serving clients’ needs, my team and I at RE/MAX Masters are dedicated to going through these changes effectively. Whether buying, selling, or seeking guidance, connect with me at jon@modene.com for expert advice.
