Showing posts with label #TransparencyInRealEstate. Show all posts
Showing posts with label #TransparencyInRealEstate. Show all posts

Wednesday, October 23, 2024

How Does a Buyer’s Agent Get Paid? Here’s What You Need to Know!

 



I wanted to take a moment to explain how compensation works when you have a buyer’s agent representing you in your home search. Knowing these details can make the process smoother and more transparent!

Before a REALTOR® can show you any homes, you and the agent will need to sign a buyer’s agreement. This agreement outlines the services that will be provided, and it also confirms how much compensation the REALTOR® will receive once the deal is done. The amount paid to the buyer’s agent is negotiable, and it can come from several different sources:

  1. The Seller
  2. The Listing Broker
  3. The Buyer
  4. Or a combination of these parties


When I act as your buyer’s agent, I always do my best to ensure my commission comes from the seller or listing broker. On the rare occasion that you, as the buyer, may be responsible for any portion of my commission, I will make sure you know the exact amount before you sign the home purchase contract. No surprises! 😊

If you have any questions or need more clarification, I’m here to help!

Let’s make your home search easy, transparent, and stress-free. Ready to start? Let’s chat!


Thursday, September 5, 2024

🏡✨ Understanding a REALTOR®’s Duty to You: Buyers & Sellers Alike ✨🏡

 




As a REALTOR®, my ethical responsibility is to act in the best interest of my clients—whether you’re buying or selling a home. But what does that really mean for you? Let’s break it down! 🤔

For Buyers: Acting in YOUR Best Interest 🏠🔑

When you work with a REALTOR® to find your dream home, it’s our duty to show you any home that fits your criteria. This means we provide you with all options, regardless of whether the seller or listing broker offers compensation to us as your buyer’s agent. Even if the compensation offered is less than what was agreed in your buyer agreement, our job is to ensure you have full access to all potential homes and understand the potential cost and options for you. Transparency and honesty are key! 🌟💼

For Sellers: Acting in YOUR Best Interest 🏡💰

For sellers, we provide clear explanations of the benefits and costs of different marketing strategies. From staging tips to advertising options, I ensure that you understand how each approach will appeal to potential buyers. My goal is to get your home in front of as many qualified buyers as possible, ensuring you get the best deal! 📈📊

Steering: What It Is & Why It’s Wrong 🚫⚖️

“Steering” is when a REALTOR® influences which homes you see based on the commission they’ll receive. This could mean pushing you toward certain homes where they earn more or away from homes where they earn less. This is against the REALTOR® Code of Ethics. You deserve unbiased advice focused on what’s best for you, not what’s best for the agent’s paycheck. 💼⚖️

How Written Agreements Protect You 📑✍️

Starting August 17, 2024, you’ll be asked to sign a written buyer agreement before touring homes with a REALTOR®. These agreements ensure clarity and transparency, outlining the services your agent will provide and the compensation they will receive. This helps protect you from wrongful steering and ensures that the focus remains on finding the best home for you! 🛡️🔑

Let’s Work Together the Right Way! 🤝🏡

Whether buying or selling, working with a REALTOR® who puts your interests first is essential to navigating today’s real estate market with confidence. If you have any questions about the home buying or selling process, or how I can help you achieve your real estate goals, let’s chat!

For more information see: CONSUMER GUIDE: REALTORS’® DUTY TO PUT CLIENT INTERESTS ABOVE THEIR OWN


Have more questions about working with a REALTOR®? I’m here to guide you every step of the way! 🌟

fantastic web resources that will turn your real estate dreams into a reality: Insider Tips, New Construction Marvels, and More! 🏡✨


Get a Cash Offer on Your Home Today


bret@homeswithmerit.com 214-315-9465




agent_headshot

Bret Wilson
REALTOR®

214.315.9465
Lic #0606304
bret@homeswithmerit.com