Buyer/Broker Representation Agreements
The NAR Settlement requires home buyers to enter into their own agreements with agents. If you are a buyer looking to enter into an agreement with an agent to represent you, you will want to agree to two points: 1) what’s the commission you will be responsible for; and 2) how long is the agreement…
Home Buyers: Why You Need a Real Estate Attorney
Much has been made about the impact of the NAR settlement on Buyer’s agents. Clearly, Buyer’s agents now have to bring additional value to earn commissions/compensation, and that compensation will need to be negotiated with either the Buyer, the Seller, or both, depending on who will be paying the Buyer’s agent. Most Buyers are unfamiliar…
Home Buyers after NAR Decision- Let HomeAttorney walk you through the home buying process from a legal perspective
Buyers today are unclear how the new NAR decision will affect them. In short, Buyers may now need to pay a broker to represent them, whereas before the Seller’s commission would cover the Buyer’s broker. Paying a broker as a buyer will require some negotiating terms, but also may lead to the conclusion to not…
Buying or Selling FSBO? Five Points to Agree to Before Taking Next Steps:
Are you buying or selling a home without an agent? Here’s four things to agree to with the other party before preparing any documents: There are other considerations, but these five points should be answered before taking next steps. Feel free to contact a HomeAttorney if you have any other questions or need help documenting…
The Corporate Transparency Act of 2024- What Landlords Need to Know
Many landlords hold their investment/rental property in limited liability companies or other legal entities. The typical reason for doing so is to provide the landlord with certain legal protections, such as “limited liability”, i.e., the landlord cannot generally be held personally liable for the entity’s debts or liabilities (of course, there are numerous exceptions to…
Major news in the residential real estate market
The real estate industry has experienced a monumental shift due to a recent settlement involving the National Association of Realtors (NAR) and allegations of anticompetitive practices that inflated commission rates. This settlement is poised to reshape how commissions are handled in real estate transactions, potentially lowering costs for buyers and sellers and introducing a new…
Introducing HomeAttorney
Introducing HomeAttorney: HomeAttorney believes that everyone should have easy access to quality real estate attorneys. Plain and simple. HomeAttorney connects you to a real estate attorney that is eager to talk with you about your specific real estate issues, and will advise you on the best course of action. So, in short, HomeAttorney is intended…