Have you heard about upcoming changes in the real estate industry?

Lately, there have been news headlines about the NAR Commission Settlement and its impact on real estate agents and their commissions. Home buyers and sellers in Florida must stay updated on the changes in buyer representation, seller commission structure, and other new rules significantly changing the real estate industry.

Buyer Presentation

The new rules can be confusing for both consumers and Realtors. What's important to understand is that a reliable real estate agent's guidance and expertise are invaluable, particularly in today's world. 

Please review the frequently asked buyer representation questions below to learn about the new rules and how we represent buyers under these sweeping regulations. 

CHOOSING A BUYER'S AGENT

Q: What sets you apart from other buyer's agents?

A: As a buyer's representative, I advocate for your interests from the beginning of the home search until the closing day. My responsibilities include finding properties, scheduling showings, providing market analysis, crafting offers, negotiating terms on your behalf, and managing all aspects of the buying process.

Q: I prefer to keep my options open. Why should I work exclusively with one buyer's agent?

A: Working exclusively with one buyer's agent ensures you have a dedicated professional fully committed to meeting your needs. Unlike listing agents, I will have a fiduciary responsibility to you, providing personalized advice and negotiating the best deal without conflicts of interest.

Q: Are you just there to "get me in the door" for houses listed online?

A: As your agent, I can access the most up-to-date listings, but not all are online. I will guide you through the entire home search process, manage paperwork, and advocate for your interests. I aim to save you time, reduce stress, and help you make well-informed decisions.

Checklist For Choosing Licensed Realtor in Stuart, Florida

OUR VALUE PROPOSITION

Q: What achievements or designations distinguish you from other buyer's agents?

A: As an Accredited Buyer's Representative (ABR®), Certified Residential Specialist (CRS®), and Certified Luxury Homes Marketing Specialist (CLHMS®), I have the specialized training, extensive local market experience, and negotiation skills acquired since becoming licensed in 2003 to provide dedicated and personalized guidance throughout your real estate transaction.

Q: Why should I work with you?

A: My local market expertise allows me to provide personalized service with a curated selection of homes from sources within and beyond the MLS to meet your needs.

Q: How will you help me decide how much to offer for a home I want to buy?

A: I'll provide a comprehensive market analysis and devise a strategy for a competitive offer that aligns with your financial comfort zone.

COMPENSATION

Q: Why do I have to pay for a buyer's agent? 

A: The seller's broker typically covers my commission. If the offer doesn't cover my fee, you can pay the difference or negotiate with the seller. I will inform you if this happens.

Q: How much is your commission? 

A: It's negotiable and detailed in the buyer representation agreement for transparency.

Q: Are there hidden fees? 

A: No hidden fees, additional costs, or exceptions will be discussed and agreed upon upfront.

Q: Do I have to pay if I don't buy? 

A: No, my commission is usually due only upon closing on a purchased house.

Buyer Representation Agreements

Q: Do I need to sign a buyer representation agreement?

A: Yes, it's legally required and sets clear expectations for our working relationship.

Q: What's the difference between customer and client? 

A: A buyer representation agreement ensures dedication and protection for both of us.

Q: Why work with one buyer's agent? 

A: Working with one agent ensures dedication and avoids conflicts of interest.

Q: What does a buyer representation agreement include? 

A: It outlines services, commitments, agreement duration, and compensation details.

Q: Can I terminate our agreement if I'm not satisfied? 

A: Circumstances can change, and we can discuss termination if needed.

DUAL AGENCY

Q: Why do I need a buyer's rep if the agents showing me properties are friendly?

A: The agents showing you properties are committed to helping the seller, not you. As your buyer's rep, I advocate solely for your best interests.

Q: Can you represent me if I'm interested in a home you're selling?

A: This is known as dual agency. Since it could create a conflict of interest, I can arrange for an independent agent to represent your interests alone.