\nThe past practice of the seller paying the buyer agent compensation has worked well for decades. And while sellers have the option not to offer this consideration, that\u2019s not to say that the seller will no longer want to pay the buyer\u2019s agent. The costs of buying a home are significant (downpayment, inspections and appraisal, title and escrow), and many buyers may choose not to look at a property if they also have to pay a commission on top of other buying costs, or they may ask for additional concessions from the seller.<\/p>\n
Buyer Agency Agreements:<\/strong> While there are still many unknowns about how the NAR settlement will impact the home buying and selling process, what we do know is that we are ready to fiercely support our clients\u2019 best interests through these changes, as we have always done.<\/p>\n We thank you for your trust and invite the opportunity to discuss this with you in person.<\/p>\n Give us a call!<\/p>\n Anna & Michelle<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" BY ANNA & MICHELLE Dear Clients, Friends and members of our Community, You may have heard or read about the National Association of REALTORS\u00ae (NAR) settlement. Let\u2019s break it down. First of all, commissions are negotiable \u2013 they always have been, and they will continue to be, as are the levels of marketing and service. […]<\/p>\n","protected":false},"author":1,"featured_media":20749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[64,27,38],"tags":[],"class_list":["post-20748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-better-homeowners-news","category-real-estate","category-sponsored"],"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/20748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=20748"}],"version-history":[{"count":2,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/20748\/revisions"}],"predecessor-version":[{"id":20751,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/20748\/revisions\/20751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media\/20749"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=20748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=20748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=20748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNationwide agents will have to enter into written agreements with their buyers. These agreements cover critical elements of their working relationship such as the terms of the agreement, the exclusivity of the representation, the agreed compensation rate, and the agent\u2019s responsibilities to the buyer. We firmly support the requirement of a written agreement as an opportunity to provide increased choices, protections, as well as to create a more informed real estate environment for all parties involved. It\u2019s worth noting that Buyer Agency Agreements are already required by law in Idaho.<\/p>\n![\"\"](\"https:\/\/woodriverweekly.com\/wp-content\/uploads\/2023\/08\/ANNA-M-A-Flyer-footer-2023-1024x241.jpg\")
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