Nicole Friedman
speaker
798 appearances
16 recordings
1 series
first heard Aug 2017
last heard Dec 2024
Nicole Friedman’s voice in public audio — every appearance, attributed to the second.
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Appearances
Property taxes, it varies a bit more by municipality and by state.
But generally, the trend there has been up as well.
Buyers will have an opportunity to directly discuss with their agents what services the agents will provide and what that will cost and have that negotiation up front before even touring homes together.
There was a lawsuit and a jury last fall determined that the system for how real estate agents were paid kept fees for real estate agents artificially high.
And the jury found the National Association of Realtors and some real estate brokerages liable for about $1.8 billion in damages.
And following that jury verdict, a lot of other similar lawsuits were filed around the U.S.
And so this was a major threat for the National Association of Realtors and for the real estate industry.
And so the National Association of Realtors reached this large national settlement in March to resolve these claims.
And part of the settlement was changing some of the rules for how real estate agents get paid.
Buyers may already be finding that when they want to go tour a home before even going on a home tour with a real estate agent, that agent is now asking them to sign an agreement.
And the idea here is that buyers will have an opportunity to directly discuss with their agents what services the agents will provide and what that will cost and have that negotiation up front before even touring homes together.
No.
So buyers have never had to use real estate agents, and they still don't.
It's possible for buyers to go through this process themselves.
They can tour homes and do research and make offers on their own.
Some buyers choose to work with an attorney instead of a real estate agent.
But historically, most buyers do choose to work with agents, and they often want somebody to guide them through the process.
So that's really up to buyers, right?
It's now really buyers who are having these conversations directly with their agents.
And so it really remains to be seen how those conversations go and what buyers decide is a fair amount to pay an agent, whether they want to pay less than agents have historically been paid or whether they want different types of pricing systems.
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