California Real Estate Radio

Good Day, Santa Clarita!It's Connor with Honor, and I hope everyone is doing fantastic! This is your weekend update for Sunday, September 1st. The numbers for August 2024 are not yet finalized, but I want to discuss the most significant recent changes in the real estate market—specifically, some contractual changes due to a settled lawsuit involving the National Association of Realtors.New Buyer Requirements:If you're in the market to buy a home, you'll now be required to sign a Buyer-Broker Agreement before viewing any property. This contract will outline several important details:Compensation to Your Realtor: The agreement will specify how much you will pay your realtor for their services.Seller Compensation: It will detail how much the seller's agent will receive from the seller, which is another critical aspect to be aware of.Scope of Representation: The contract may cover all properties within a particular time frame or be limited to a single property. Make sure to understand the exte