Overview of the new C.A.R. Buyer Representation and Broker Compensation forms, California Association of Realtors

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The recent settlement involving the National Association of Realtors (NAR) has drawn significant attention to the practices surrounding buyer agency agreements in real estate transactions. At the heart of the dispute was the concern over how commissions are disclosed and who bears the cost.
This has changed the way real estate compensation will be handled in the future. With these changes, the use of buyer agency agreements will become manditory. Buyers will need to be more aware of the terms of these agreements and how they might impact the overall cost of purchasing a property. This shift marks a significant change in the real estate landscape, emphasizing the need for buyers to be informed and proactive in understanding the financial aspects of their transactions. As the industry adjusts to the new norms set by the NAR settlement, the role of buyer agency agreements will become more central in protecting the interests of homebuyers.
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