The media is talking a great deal about a recent legal settlement in the real estate industry. Last week the National Association of Realtors entered into a settlement agreement in the Sitzer-Burnett case, agreeing to pay a $418 million fine. This lawsuit will give the seller the right to decline to pay the buyer's agent commission, asking for the buyer to pay for their agent. Sellers in our region will likely continue to pay a total commission – there are many reasons that I support this structure and I will post about this in the near future.
When reading various articles and the comment sections it has become clear that some consumers do not understand what buyer's agents do for their clients, especially in our niche market. Buyer-broker agreements will become mandatory soon so I thought I would share a few of the many ways I provide my clients with the highest level of agency. Every real estate market is different, but in our East Bay region, buyer agency and competency are crucial due to the complexity of our marketplace, older housing stock, high ticket repairs items, low inventory, and multiple offers. Accountability is an important principle in my practice so I want to be transparent about the process. If you have specific questions do not hesitate to email me, text, or call me.
I am here to be of service!
