There's a lot of buzz about new rules for home buyers and the NAR Realtor class action lawsuit, but the reality is pretty straightforward.
Got 30 seconds? Watch a quick video rundown from Danielle. 📺👀
Here's the long and short of it.
Going forward, buyer-agent relationships will be more like seller-agent agreements, with a written contract outlining the key aspects of your partnership:
All up-front, negotiable, and totally transparent. No surprises. If this sounds like a no-brainer, would you be shocked to hear our team has been signing buyer-broker agreements with our clients for years? It’s great to see this becoming the norm.
(We've also provided a page of San Francisco Real Estate Buyer/Seller Sample Forms, including the Buyer Representation and Broker Compensation Agreement, for you to review at your own pace.)
In other news, mortgage rates recently fell to their lowest level in over a year, and U.S. inflation fell below 3% for the first time since 2021, adding fuel to predictions of an interest rate cut by the Fed at its meeting next month.
Lowering rates could spark increased home buyer and seller activity, especially if rates continue to decline. We might see a relatively busy fall this year, in what tends to be the second-busiest season for home sales in the SF Bay Area.
San Francisco Real Estate in the news, and other interesting articles. Missed our recent newsletter on the new rules for SF home buyers? Sign up and get all our updates straight to your inbox, no spam or games. Subscribe today.
