Kudos to the North Carolina Real Estate Commission, which has taken a great step to protect the interests of home buyers.We all know how real estate commissions work... a seller hires a broker/agent to sell their house and, once it sells, they get paid commission fees to their agent as well as to the buyer's agent.
But what most people don't know is that many homebuilders also offer additional bonuses targeted at agents who represent buyers. So when your agent is talking up those newly developed homes, instead of pre-existing homes, buyers should be mindful that the agent might have a financial incentive to have you buy the newly constructed home. To help inform buyers of these incentives, the N.C. Real Estate Commission passed a rule requiring that agents provide a written disclosure of bonuses they might receive if their client buys new construction.
Only a few states have this requirement, which are important so that consumers are aware of their agent's financial incentive as they go through the home search process.
http://www.ForSaleByOwner.com
9 comments:
This information should be available to people in all states.
Great Job
interesting topic , I would like to read more on this topic and house painting .
wow. i love the house.
^ yeah. totally agree with you.
this is a great accomplishment guys! keep up the good work!
hi
very informative blog.
highly recommend others.
tks
I find this requirement essential in the negotiation.
This should be a national law.
Post a Comment