With rates holding and confidence in future reductions, consumers are back shopping for properties. There are a few regulatory items in place intended to provide transparency in the process, particularly for sellers. REALTORS are required to provide a Disclosure of Expected Remuneration with every offer and counteroffer received, outlining the exact costs of services to the seller so they can make informed decisions. Additionally, the seller’s agent must provide all competing agents with a document outlining how many offers have been received by which brokerage and at what date. No details, such as price or terms, are included. We’d be happy to chat about your real estate needs!
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