Episode 34 - Changes to Real Estate Laws

In episode 34 of the Building Wealthy Habits Advisors, we are absolutely thrilled to have back two of our favorite guests, Simone Knepper and Brooke Miller to talk about the recent changes in the real estate industry regarding commissions and how they are negotiated. We talk about how the National Association of Realtors was involved in a lawsuit that resulted in greater transparency surrounding realtor commissions. Brooke and Simone shed light on the biggest change – that the buyer broker compensation field is no longer listed on the MLS, and commissions are now subject to negotiation. The conversation highlights the importance of having a trusted advisor who can navigate these changes and provide valuable guidance throughout the home buying or selling process. If you walk away with anything from this episode we hope it's that there is real value in working with a professional agent who can offer expertise and protection in the transaction. In this episode: 00:00 Introduction and Overview of Changes in the Real Estate Industry 02:01 The Lawsuit and Greater Transparency in Realtor Commissions 06:18 Buyer Broker Agreements and Negotiating Commissions 08:49 The Value of a Trusted Advisor in Real Estate 15:40 The Listing Agreement and Concessions 19:19 Strategies for Buyers and Sellers in the Changing Market 28:49 The Importance of Professional Agents and Potential Pitfalls of a DIY Approach Reach out at [email protected]                                 Connect with Brooke: LinkedIn: www.home4good.com/h4g-agents Email: [email protected] Connect with Simone: Profile: www.coldwellbanker.com/ca/blue-jay/agents/simone-knepper/aid-P00200000FDdtYi1W4EH3FYQNft1IyiEyFoHaVPB Email: [email protected] Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Email: [email protected] *PARKING LOT Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected]   Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]   Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]