On March 15, 2024 The NAR agreed to settle a lawsuit that will impact how real estate business is conducted. While the results of the NAR settlement have yet to be approved, its impact will change the way real estate business is conducted and how consumers purchase real estate.

Many details have yet to be revealed, but we do know a real estate transaction using Realtors will look a little different. Realtors will still be required to represent their clients as a fiduciary agent honestly & ethically. Realtors & their clients will still arrive at the same destination of a real estate sale, but the route will be a little different.

There are two major procedural changes that will affect how business is transacted:

1) Commissions will be de-coupled: The traditional method of the seller paying the Listing Broker who then paid the buyer's broker will be prohibited. Instead, the seller(s) will still pay the Listing Broker, but they have the choice how much to pay the Buyer's Broker. Commission paid has always been negotiable and now the seller has more of a say in payout to the Buyer's broker.

2) Buyer's Exclusive Agency Agreement will be mandatory: Team Bober has used Buyer Loyalty Agreements to represent our buyer clients. Now, a Buyer Agency Agreement will be mandatory for buyers to be represented by a Realtor. This contractual agreement will establish a fiduciary Buyer's Agency relationship and compensation.

The be 100% clear: these changes have to ba officailly approved and are set to become mandatory on July 1, 2024. Until them we will continue to serve our clients and Team Bober is committed to Educating and Empowering our Clients and Serving them with Authentic Hospitality. We will adjust to any changes made without compromising our Service.

Stay tuned in as we continue to learn more and will reveal updates any changes as they become available.

Team Bober's Mission is to Build Relationships by Providing Excellent Service to Exceed their Client's Expectations. They do this by Educating & Empowering their clients, Serving them with Authentic Hospitality for Client First Representation.

As the Real Estate Market Shifts we are updating the following systems to better serve our clients:

- Listing System

- VIP Buyer Program

- Estate & Family Transition Services (NEW)

- New Construction

- Land Division (NEW)

We are always looking ahead and never just keeping the status quo. This Shift will provide tons of opportunities for our clients and we are working diligently to be ready to serve our clients, in any market!

A Shifting Real Estate Market is always a challenge for consumers. Luckily, we have 20+ years of combined experience to serve our clients. So be sure to call a trusted and experienced Realtor (Like Team Bober) when you have any real estate needs. We are never too busy for you or your referrals.

STILL HAVE QUESTIONS? WE HAVE ANSWERS

While economic indicators and trends are national, real estate is local. We’re here to answer your questions and help you understand what’s happening in your neighborhood. Reach out to learn how these larger movements affect our local market and your home’s value

🤔Thinking of Buying or Selling a home in the Omaha, NE area? Let's Talk!🏡

💥 Search for Omaha Homes For sale at www.teambober.com💥

👇 CONTACT INFO👇

Chris Bober

Team Bober Nebraska Realty

📞C:402.312.5076

📧chris@nebraskarealty.com

🖥teambober.com

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