Here is what the settlement means for homebuyers:

You will sign a written agreement with your agent before touring a home.

Before signing this agreement, you should ensure it reflects the terms you have negotiated with your agent and that

you understand exactly what services and value will be provided, and for how much.

The buyer agreement must include four components concerning compensation:

A specific and conspicuous disclosure of the amount or rate of compensation the real estate agent will receive or how

this amount will be determined.

Compensation that is objective (e.g., $O, X flat fee, X percent, X hourly rate)-and not open-ended (e.g., cannot be

"buyer broker compensation shall be whatever the amount the seller is offering to the buyer").

A term that prohibits the agent from receiving compensation for brokerage services from any source that exceeds the

amount or rate agreed to in the agreement with the buyer; and, A conspicuous statement that broker fees and

commissions are fully negotiable and not set by law.

Written agreements apply to both in-person and live virtual home tours.

You do not need a written agreement if you are just speaking to an agent at an open house or asking them about their

services.

The seller may agree to offer compensation to your agent. This practice is permitted but the offer cannot be shared on

a Multiple Listing Service (MLS) - MLSs are local marketplaces used by both buyer brokers and listing brokers to share

information about properties for sale.

You can still accept concessions from the seller, such as offers to pay your closing costs.

These practice changes went into effect August 17.

Agents who are REALTORS® are here to help you navigate the homebuying process and are ethically obligated to work

in your best interest.

Compensation for your agent remains fully negotiable, and if your agent is a REALTOR®, they must abide by the

REALTOR® Code of Ethics and have clear and transparent discussions with you about compensation. When finding an

agent to work with, ask questions about compensation and understand what services you are receiving.

You have choices. Work with your agent to understand the full range of these choices when buying a home, which will

help you make the best possible decision for your needs.

More details about these changes and what they mean can be found at www.facts.realtor.com

GTRSALES is dedicated to assisting both homebuyers and sellers with comprehensive services:

For Homebuyers: Whether you're buying your first home or your next, our knowledgeable agents will guide you through

every step of the process.

We offer a 7-step guide to the sales transaction for those interested. Contact us to receive your copy and learn more

about how we can help you find your dream home.

For Home Sellers: We provide professional representation to ensure your home is priced correctly, staged effectively,

and advertised to reach potential buyers. Our team is committed to making the selling process as smooth and

successful as possible.

For more details or to get started, reach out to us through our website or give us a call. We're here to support you in

achieving your real estate go

If you're considering selling your house, GTRSALES is here to help! Here's what you can expect:

Initial Consultation: Contact us to schedule a consultation with one of our experienced agents. We'll discuss your

goals, timeline, and any specific needs you may have.

Property Valuation: Our team will conduct a thorough market analysis to determine the best pricing strategy for your

home.

Marketing Plan: We'll create a customized marketing plan to showcase your property to potential buyers, utilizing

both traditional and digital platforms.

Showings and Negotiations: We'll handle all showings and negotiate offers to ensure you get the best possible deal.

Closing Process: Our team will guide you through the closing process, ensuring a smooth and stress-free

transaction.

Reach out to us through our website or give us a call to get started. We're excited to assist you in selling your home!