Can A Seller Refuse to Pay a Buyers Agent

Yes, a seller can refuse to pay a buyers agent, but not always. The National Association of Realtors(NAR) prohibits listings to be placed on local realtor Multiple Listing Service(MLS) platforms without offers to compensate buyer’s agents. This article will explain when a seller can refuse to pay a buyer’s agent, and when they cannot.   The…

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Buying a Condo In Florida – The Complete Guide to Ownership

The Florida coastline is filled with condominiums offering affordable waterfront housing with all sorts of fantastic amenities. Let’s explore what a condominium is, what are its advantages and disadvantages, and the things you need to consider before buying a condo in Florida What Exactly is a Condominium? A condominium softened shorted to “condo”, is a…

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NAR Settlement and How Real Estate Transactions Will Change

In March 2024, the National Association of Realtors (NAR) reached a significant settlement agreement, paying $418 million to resolve a series of lawsuits alleging that its commission policies unfairly inflated the cost of real estate services in the United States. This settlement marks a pivotal moment in real estate, introducing substantial changes to the industry…

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Buying a House in 2024: A Step-by-Step Guide

Buying a house is a significant milestone in many people’s lives.  The process can be daunting, especially for first-timers. Here’s your comprehensive guide to buying a house in 2024, designed to help you make informed decisions every step of the way. Buying a House in 2024: A Step-by-Step Guide STEP 1 – Save for Your…

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New Commission Rules: Projected State-by-State Impact on Real Estate Agent Earnings

Square Foot Homes has released a detailed analysis following the settlement with the National Association of Realtors (NAR), which drastically changes the long-standing commission model in real estate transactions. This landmark agreement could potentially slash real estate commissions by 25% to 50%, marking a significant shift for buyers, sellers, and agents. The report explores the…

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Home Inspections for Buyers: Tips & Checklist

Buying a home is one of the most significant investments most people will make in their lifetime. One of the critical stages in the home-buying process is the home inspection, a step that can save you from future headaches and financial losses. What is a Home Inspection A home inspection is a detailed examination of…

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A home ready to be shown to buyers

9 Tips for First-Time Home Buyers

Buying your first home is an exciting, albeit daunting, milestone in life. To help navigate this complex process, here are 9 essential tips for first-time home buyers: Tips for First-Time Home Buyers 1. Assess Your Financial Health Before diving into the housing market, take a comprehensive look at your finances. This means evaluating your savings,…

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Houses for Sale in Boca Raton Without Membership Requirements

Are you considering buying a home in Boca Raton but want to avoid membership communities? While many membership communities in Boca Raton are typically situated on golf courses and have high initiation fees as well as annual dues, many homes can be purchased without such a requirement. Down below you will see houses for sale…

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Understanding Status Changes in Real Estate Transactions

Navigating the real estate market can be complex, especially when it comes to understanding the various statuses a property may hold throughout a transaction. These statuses in Florida – Coming Soon, Active, Contingent, Pending, and Expired – are not just labels; they represent different stages in the life cycle of a real estate deal. Here,…

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How Do Real Estate Agents Get Paid?

Real estate agents are paid a commission after the sale of a home or property occurs.  The amount they are paid can vary on every deal, which is usually outlined in the listing agreement between the seller and his real estate agent. Below we will explain in detail how real estate agents get paid, how…

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