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Understanding the shifting landscape of home buying and selling in America following the National Association of Realtors Class Action Commission Lawsuit Settlement.
Following a federal jury's finding that the National Association of Realtors (NAR) and several major real estate brokerages conspired to inflate agent commissions, NAR has agreed to a $418 million settlement. This settlement aims to overhaul how commissions are handled, particularly through NAR's multiple listing service (MLS), which, though always negotiable, has historically set compensation rates for both buyers and seller's agents.
Under the proposed settlement, the commission offer from listing broker to buyer brokers would be removed from NAR's MLS system. Buyer’s and sellers may jointly or individually pay the buyer broker fee. It does NOT disallow the ability of a seller to offer a buyer broker compensation.
Interestingly enough; as we have these very candid conversations with sellers in our daily round, ALL thus far, still see value in incentivising the buyers agent to show their home and are doing so. These changes may take some time to materialize, with experts suggesting a rollout later this year or longer as the the United States Department of Justice has reopened their own investigation (we all know how long that could take).
In the interim, it's business as usual for buyers and sellers, with ongoing transactions unaffected. But the big question looms: how will buyer agent commissions be handled moving forward?
While the settlement doesn't specify who will foot the bill for buyer agent fees, it underscores the importance of understanding your options as a homebuyer. Partnering with a knowledgeable agent remains crucial, as they can provide valuable insights and guidance throughout the complex home buying process that could financially impact a buyer during and after a transaction without proper guidance.
Navigating these changes requires informed decision-making and skilled negotiation. While the landscape of home buying may be evolving, the guidance of a trusted agent remains indispensable in securing the best deal and protecting your interests in the transaction. Think of this as an opportunity to get better service from professionals who take this business seriously. Expect to see many part time and hobby agents exit the business; leaving behind agents qualified to protect a buyer's best interest and guide them through one of the biggest decisions of their lives.
Newtown Community Center Spotlights Sharon Hoyt: A Champion of Community Spirit
In the bustling heart of Newtown, where the vibrancy of community life is palpable, the Newtown Community Center has become a beacon of unity, inclusivity, and shared joy. Amidst its myriad of activities and programs that cater to all ages and interests, one individual stands out for her remarkable contribution and embodiment of community spirit: Sharon Hoyt. This month, we are thrilled to celebrate Sharon as our first Newtown Community Center Spotlight Winner.
Sharon Hoyt is not your average community member; she is a testament to the power of dedication, passion, and the belief in bringing people together. An avid swimmer since childhood, Sharon's love for the water is matched only by her love for the Newtown Community Center. However, it's not just the center's exceptional swimming program that has captured her heart but its overarching commitment to serving everyone—regardless of age or background.
Sharon's journey with swimming began as a young girl in Danbury where her father first taught her to swim. Over the years, her passion for the sport has only deepened. As a director of swim programs in the area, a lifeguard and instructor-Sharon has dedicated much of her life to the pool. Now battling some health issues she credits her longevity and ability to keep the symptoms of her current affliction at bay to her dedication to consistent physical activity.
Beyond the lanes and the cool embrace of the water, it's the sense of belonging and community that truly resonates with her. The Newtown Community Center, with its warm, inviting atmosphere and diverse offerings, has become a second home to Sharon and many others.
Sharon has magical and unwavering belief in the community center as a vital hub for bringing people together. She sees it as a place where barriers are broken down, and individuals from all walks of life can connect, share experiences, and learn from one another. Her enthusiasm and active participation helps to foster an environment of mutual respect, understanding, and camaraderie.
Sharon's influence extends beyond the pool. She is a vocal advocate for the community center's role in enriching the lives of Newtown's residents. Whether it's through organizing events, volunteering her time, or simply spreading the word about the center's initiatives, Sharon is always at the forefront, championing the cause of community unity.
Sharon truly epitomizes the heart of the community at Newtown Community Center. Her passion, dedication, and unwavering commitment to bringing people together under one roof are what make her our first Spotlight Winner. As we celebrate Sharon and her contributions, we are reminded of the essential role that community centers play in our lives—not just as places of recreation, but as vital centers of connection, support, and shared humanity.
Congratulations, Sharon, and thank you for being a shining example of what it means to be a part of, and contribute to, the heart of our community. Your spirit and actions inspire us all to engage more deeply with each other and the world around us.
All real estate brokerages talk about being "local". But so few truly are! Around Town Real Estate aims to bring LOCAL back to local real estate! When you work with Around Town Real Estate, we truly believe you are working with the Best realtors in the state!
Our first “Candid Conversations with Clients” episode where we chat with our past buyer/seller client, Sarah. She shares with us what worked, what didn’t and how the real estate process can be better for consumers! Thank you Sarah, for taking the time to share your Candid thoughts about buying and selling in Newtown , CT. And of course for always having such a great sense of humor!Episode 1 Candid Conversations with Clients
At our company, we prioritize culture first, and it's been the key to our success. Our per agent earnings and sales lead the market, and for the first time in our history, we're actively expanding and searching for the right agents for our Newtown, CT office that can serve much of the state! We would love to tell you more about our story and how we can help you achieve your real estate goals
Learn what worked for Jenn and Neil and what didn’t in the first of their 5 mini sections of our Candid Conversations with Clients series. The top realtors will ask for feedback, even they don’t want to hear it! How else can we improve?
Are you feeling worn out from working in an office where you have colleagues, but not a genuine support system? One of the key elements to being a tope real estate office or becoming a top ranked realtor in Fairfield County is a challenge! At Around Town Real Estate, we truly understand the importance of collaboration and support in the workplace. Our company culture has been intentionally crafted around these values, and we have seen firsthand how it can make a real difference in the lives of our team members. We would be thrilled to share more with you!
In a highly competitive real estate market, we strive stand out for our unwavering commitment to transparency. Through this fun video with two awesome past clients, we showcase the significance of transparency in the industry and how it can fosters trust with our clients. In this post, we delve into the importance of transparency, explore the key takeaways from the client experience, and highlight why we are at the forefront of driving growth in our local market.
Major life events and real estate: What's the fascinating connection that drives people to make life-altering moves? 🏡🌟 From the joy of new beginnings to the heartache of parting ways, these pivotal moments have always played a role in shaping our housing decisions. But here's the twist: Things are changing! People aren't acting as quickly as they once did when faced with births, deaths, marriages, divorces, and more! 😮 Are you curious to know why? Check out this quick video about the psychology of selling and learn more.
Click HERE to read our most recent addition of Business Around Town where we here directly from featured local businesses about their business and learn more about the value they bring to all of us.
Bringing LOCAL back to local Real Estate right here in Newtown, CT and throughout the surrounding towns.
Looking for listings in Connecticut? Maybe you've been a buyer in Newtown, Brookfield, Ridgefield or anywhere else in Fairfield County. Maybe you even work with the best realtor in the market..... nothing seems to be changing. Learn a bit more about why the inventory is so low and when it might change!
#realestate #realtorlife #moveto203 #sellingahome #buyingahome
Bank the cash! Rent and know that short term pain may grant you long term gain! Looking to buy a home or sell? Sometimes you have to get a little creative to reach your goals! Find a top real estate agent in Newtown, CT, Northern Fairfield County or beyond to help you!
It's here to stay!! AI tech is a great tool for our business but its still the relationships that get the deals done! The best real estate agents and realtors in CT are using the technology to advance their clients goals and better serve the market!
Just looking for some transperancy here folks!
Even the the best agents don't know everything and we aren't perfect. But it sure is our job to try and find out as much as we can for our clients and point them in the right direction for more info.
🌟 Are you a first-time home buyer? Or maybe you've experienced the excitement of moving to a new town without knowing anyone? Trust us, we understand how overwhelming it can be. But fear not! In today's episode of "Candid Conversations with Clients," we've got an incredible story to share with you. Meet Massella, who bravely navigated both of these life-changing experiences. Let's dive in!
As a first-time home buyer, Massella knows firsthand the challenges and anxiety that come with the process. But she didn't let it stop her from achieving her dreams. In this episode, she opens up about her journey, sharing valuable insights, what worked for her, and what she might do differently if given the chance.
Moving to a new town can be both exciting and nerve-wracking. Massella faced the uncertainty head-on and discovered how to make the transition smoother. She'll reveal the strategies she used to meet new people, build a support network, and create a sense of belonging in her new community.
Join us for an honest and candid conversation as Massella shares her triumphs, challenges, and lessons learned along the way. Her experience will inspire and motivate you, whether you're planning to buy your first home or contemplating a move to a new town.
So, if you're ready to embark on an insightful journey with Massella, hit that play button! 🎬 Don't forget to leave your questions, comments, and experiences in the comment section below. We love hearing from our amazing community!🏆
#firsttimebuyer #moving #moveto203 #realestate #househunting #realtorlife #homesweethome
Discover the Power of a Buyer Consultation with a Real Estate Agent! 🏡✨
Are you ready to find your dream home? Before diving into the house-hunting process, don't forget to schedule a free buyer consultation with a professional real estate agent. Here's why it's essential:
🔍 Expert Insight: Gain valuable advice and tap into their knowledge of the local market trends.
🎯 Define Goals: Communicate your preferences and expectations to narrow down your options.
📚 Understand the Process: Get a comprehensive understanding of the homebuying journey from start to finish.
🔑 Exclusive Resources: Access their network of trusted professionals and gain access to exclusive listings.
⏱️ Save Time: Skip the hassle of visiting properties that don't align with your needs and focus on the right ones.
Don't miss out on this opportunity! Schedule your free buyer consultation today and take the first step towards finding your perfect home. 🏠💫
#RealEstateAgent #HomeBuyer #BuyerConsultation #HouseHunting #HomeBuyingProcess #RealEstateTips #DreamHome #Homeownership #ExclusiveListings
