What Are The 2 CORE CHANGES That Happened Because Of The Class Action Law Suit Against The National Association Of REALTORS® & Several Of The Largest Brokerages?
As your Greater Indianapolis Real Estate Experts, we'd like to clarify What Is, and What is NOT changing for buyers and sellers effective July 1,2024!
BUYERS PLEASE KEEP IN MIND - IF YOU VISIT AN OPEN HOUSE, OR SCHEDULE A SHOWING THROUGH ZILLOW, REDFIN, OR WITH ANY AGENT INCLUDING THE LISTING AGENT, IF THE AGENT HAS YOU SIGN ANY BUYER'S AGENT AGREEMENT... IT'S LIKELY, AND PROBABLE, THAT MITCH WILL NOT BE ABLE TO HELP YOU & REPRESENT YOU AS YOUR BUYER'S AGENT. SO, PLEASE DON'T SIGN ANYTHING TO SEE A PROPERTY WITHOUT MITCH!!!
9 MYTHS... Being Spread By The Media, Politicians, And Even By Some Agents!
REALTOR® COMMISSIONS HAVE BEING SLASHED
THE OWNER'S COSTS TO SELL WILL BE SIGNIFICANTLY LESS NOW
SELLERS CAN NOT LEGALLY PAY BUYER AGENT COMMISSIONS
SELLERS WOULD PREFER THAT BUYERS REPRESENT THEMSELVES
HOME OWNERSHIP FOR BUYERS WILL BE MORE AFFORDABLE NOW
BUYERS NOW WILL ALWAYS HAVE TO PAY FOR THEIR BUYER'S AGENT
BUYERS ARE REQUIRED TO REPRESENT THEMSELVES
BUYERS CAN'T LEGALLY ASK SELLERS TO PAY AGENT COMMISSIONS
7% & 6% COMMISSONS ARE DEAD (PER AGENT TYPICALLY 3.5% <= 300K, 3% for 300K-600K, 2.48% For < 1 Million, & < 2.09% For 2 Million Or More)
To Better Understand These Changes, And Why These Myths Are False, You Should...
GET THE ANSWERS TO THE FOLLOWINGS QUESTIONS AND MORE!
Are broker’s compensation fees set by lawmakers, by the National Association of REALTORS® (“NAR”), by local Multiple Listing Services (“MLS”) or are fees set by these similar entities in the greater Indy area that are called the Broker’s Listing Cooperative (“BLC”)?
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Are real estate Agent Commissions the same, or do the fees vary between different agents?
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If I List with Mitch, and ToHelpUmove, can I pay Mitch his typical Listing commission and still pay a lesser amount in the Buyer’s Agent Commission?
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I heard about changes due to a class action lawsuit about Sellers paying Buyer Agent commissions! Are real estate commissions decreasing, will home prices decrease, will sellers no longer pay for Buyer Agent commissions? What are all of the Changes?
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Will Seller(s) Continue To Offer To Pay a Buyer’s Agent Commission (“BAC”) For Buyers?
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Is Limited/Dual Agency, where One agent is representing both the buyer and the seller at the same time on the same property, ever encouraged by Mitch?
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Find Out About Recent Market Activity If You Are Considering Buying Or Selling!
Generally Speaking What Goes Into The Value Of A Property
1/3 Is About The Property Itself: The Location, Condition, Updates, Bed & Bath Count, Size, Age & All Features
1/3 Is About Similar Places For Sale A Buyer Could Also Buy, At The Same Time, In The Same & Similar Areas
1/3 Is About What Similar Properties, In The Same Or Similar Areas, Have Sold for In The Last 6-12 Months
Real estate values are not like a ten-dollar bill that is worth $10 regardless of if it’s crisp and brand new, or if it’s twenty years old, dirty and torn. Neither the condition of the bill in your hand, the condition of other ten-dollar bills, nor the location of where you are holding the bill will change its value! If the value of real estate was also this precise and exact, just like the value of a dollar bill, then there would frankly be no need for real estate agents!
When you are thinking about buying or selling accurately evaluating the value of a house, townhouse, or condominium is a complex calculation that leverages years of experience and expertise like Mitch has, as one of the Top REALTOR's in the Greater Indy area! So let's start at the very beginning - with the RIGHT price! And the best way to find the RIGHT price is to ask Mitch.
What Is A Greater Indianapolis Property Worth
For Sellers, Get An Even More Precise Valuation Of Your Greater Indy Property, After You Have Completed The 1st Above... Feel Free To Share Additional Details Here
The 4 Most Common Ways To Determine The Value Of A Property, From The Highest Accuracy (4 stars) To The Least Accurate (1 star)

About Mitch
Mitch leverages his local expertise, combined with his meaningful business and life experiences, and decades of professional leadership and growth in the construction and technology industries to contribute to his success as one of Greater Indy's Top REALTORs.
Mitch is committed to helping change the lives of his clients as they start their next chapter, by making it easier, more enjoyable and more profitable for his clients that design, build, buy, and sell their home, condo, townhouse or investment property!