There are some changes coming in August.............
You may have heard about a lawsuit pertaining to real estate commissions. It’s been ongoing for months and the changes will start to be implemented in mid-August. There are specific details, but the high level impact is that beginning August 17th, there will be new required forms for showings as well as updates to contracts to increase communication and clarity around how commissions are paid and who will pay those commissions (the seller or buyer).
What you’ll see on August 17th is that if you are a Buyer and you want to go on a showing, you will have to sign a document with your Real Estate Agent before going on the showing. Prior to signing, you’ll talk about what level of representation you’d like and how commissions could possibly be paid if you find a home you’d like to offer on.
All in all, these changes should result in increased communication, which is always helpful when buying a home.
Freedom Team Real Estate Agents (Kyle Meyer, Lauren Nobbe, Valerie Bohn) serving Appleton, Neenah, Oshkosh, Fond du lac and surrounding areas in Wisconsin. Check us out at www.joinfreedomteam.com or by contacting Kyle or Lauren at 920-410-7230 or Valerie at 920-232-8683.
Additional info on our blog post: https://www.joinfreedomteam.com/blog
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