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What You Need to Know

In March 2024, in response to a pending lawsuit judgment against them, the National Association of Realtors® released a set of proposed policy and practice changes that will reframe the relationship between real estate professionals and buyers. To be clear, the industry’s fiduciary commitment to the best interests of clients hasn’t changed, but the way agents and buyer clients formalize professional relationships will.

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Changes to the Homebuying Experience

As a homebuyer, this proposed settlement means there will be some changes to your real estate experience:

1. Required Buyer Agreements

Prior to this settlement proposal, it was acceptable (though not widely practiced) for buyer’s agents to forge relatively informal, unwritten agreements with their clients regarding service. Following these proposed changes, buyers must sign a service agreement with a real estate professional in order to be shown homes. 

2. Buyer’s Agent Compensation

Prior to the proposed changes in the settlement, buyer’s agents were compensated via a cooperation agreement with the seller and seller’s agent facilitated by the multiple listing service. While this sort of cooperation is still allowed, the MLS is no longer allowed to coordinate it. Buyer’s agents will now be responsible for negotiating their own compensation with clients.

FAQ

As a homebuyer, these changes will require new, important conversations between you and your real estate professional. A buyer service agreement will formalize your agent’s fiduciary responsibility to you, further protecting your interests. It will allow the opportunity for real, transparent communication with your agent around compensation, offering you a clear understanding of the cost of services and how those services benefit you. 

These conversations will ultimately set buyers up for greater success in their transactions. More buyers will start the home search process with a clear understanding of their strategy, how their agent will support them, and what it will take to get to the closing table. 

Two major changes: First, compensation offers to buyer’s agents will no longer be displayed on the MLS, and the MLS won’t be allowed to facilitate commission cooperation between the buy and sell sides of transactions. Second, all buyers will be required to sign a buyer agreement with their agent outlining service terms, including commission requirements.

Yes. Luxury Presence has created a strategy guide for agents seeking advice on negotiating buy-side compensation. Get your copy of The Future of Buy-Side Compensation here

The best agents have shifted their thinking from the top line to the bottom line. They're obsessed with the client experience. They're taking action very quickly to level up the technology in their businesses because they understand it's the only way to deliver strong profitability and a world-class client experience.

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How I Work With Buyers

As my client, you can expect nothing but the highest level of service and counsel. I take my fiduciary commitment to you extremely seriously and believe that the best way to advocate for your best interests is through preparation. For each property my clients consider, I create a complete set of market research, potential pricing and offer strategies, contract negotiation tactics, and more.

Before the NAR lawsuit settlement proposal, some buyer’s agents were able to get away with doing the bare minimum. Thanks to assumed cooperation with the seller, they might get paid for simply showing up, unlocking doors, and pushing papers. 

While that was never my approach, it is now no longer the world we live in. As my client, you can rest assured that I will provide you with expert-level service and advice throughout our professional relationship.

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Testimonials

Read what our clients have to say about working with us.

"Working with Sam was very pleasurable. Having Sam as my Realtor was perfect. He was Knowledgeable, attentive, available, during and after my homebuying process. I highly recommend Sam, and I hope someday I will have the pleasure to work with him again."
"Working with Sam was very pleasurable. Having Sam as my Realtor was perfect. He was Knowledgeable, attentive, available, during and after my homebuying process. I highly recommend Sam, and I hope someday I will have the pleasure to work with him again."
Brandon R.
"Sam was an exceptionally attentive, responsive, and thoughtful realtor during the entirety of the process. He had answers to every question that we asked, and made the entire home buying experience easier and smoother, even in this market. I would hands down recommend Sam to anyone that's looking, and we will for sure work with him again in the future."
"Sam was an exceptionally attentive, responsive, and thoughtful realtor during the entirety of the process. He had answers to every question that we asked, and made the entire home buying experience easier and smoother, even in this market. I would hands down recommend Sam to anyone that's looking, and we will for sure work with him again in the future."
Buyer
"Wonderful experience with Sam. Very accommodating in viewing and process of selecting a great home. I would trust Sam over and over with every home buying experience."
"Wonderful experience with Sam. Very accommodating in viewing and process of selecting a great home. I would trust Sam over and over with every home buying experience."
Buyer
"Sam went above and beyond through every aspect of the selling process. He was extremely patient, never pushy and one of the best communicators I've ever delt with. I would absolutely recommend him as well as will definitely be using him for any real estate needs in the future!"
"Sam went above and beyond through every aspect of the selling process. He was extremely patient, never pushy and one of the best communicators I've ever delt with. I would absolutely recommend him as well as will definitely be using him for any real estate needs in the future!"
Seller
"I was most impressed with Sams responsiveness and professionalism; Every step of the way, he responded throughout the process and explained every detail of the transaction. Sam knows the business and can help anyone buy or sell a property; I would recommend Sam without hesitation. He actually cares for his clients!"
"I was most impressed with Sams responsiveness and professionalism; Every step of the way, he responded throughout the process and explained every detail of the transaction. Sam knows the business and can help anyone buy or sell a property; I would recommend Sam without hesitation. He actually cares for his clients!"
Buyer
"Worked with Sam to sell our home when the interest rates skyrocketed and houses were really hard to sell. But Sam got it done! He was always easy to get a hold of, always got us the answers we needed, and he sold our house- which was no easy feat!"
"Worked with Sam to sell our home when the interest rates skyrocketed and houses were really hard to sell. But Sam got it done! He was always easy to get a hold of, always got us the answers we needed, and he sold our house- which was no easy feat!"
Seller
"As an agent, I have enjoyed working with Jonathan and his team. They are excellent to work with, extremely professional, and work to get the deal closed. They’re truly a top notch organization."
"As an agent, I have enjoyed working with Jonathan and his team. They are excellent to work with, extremely professional, and work to get the deal closed. They’re truly a top notch organization."
Thomas R.
"Jordan is hard-working, supportive and knows how to get the job done. We have bought and sold homes (as of today - yay!) with Jordan and highly recommend her as your Dallas agent. Thank you for everything Jordan!"
"Jordan is hard-working, supportive and knows how to get the job done. We have bought and sold homes (as of today - yay!) with Jordan and highly recommend her as your Dallas agent. Thank you for everything Jordan!"
Kolby G.
"You will not regret working with Jordan. She is literally the best in Dallas, and will go above & beyond to make sure you are happy with your purchase. She is extremely dedicated and knowledgeable about the industry and the Dallas neighborhoods/lifestyle, and she will be a long-term contact/friend. You could not find a better agent than her, or her husband, Jonathan!"
"You will not regret working with Jordan. She is literally the best in Dallas, and will go above & beyond to make sure you are happy with your purchase. She is extremely dedicated and knowledgeable about the industry and the Dallas neighborhoods/lifestyle, and she will be a long-term contact/friend. You could not find a better agent than her, or her husband, Jonathan!"
Laura R.
"I cannot say enough good things about Jordan! She was professional, knowledgeable, and did such an amazing job. We got consistent feedback on all showing appointments and she closed our sell in 3 weeks. It was the easiest closing I have ever experienced."
"I cannot say enough good things about Jordan! She was professional, knowledgeable, and did such an amazing job. We got consistent feedback on all showing appointments and she closed our sell in 3 weeks. It was the easiest closing I have ever experienced."
Wendy V.
"We could absolutely not have had a better experience with Jordan! Jordan has a vast network which allowed her to find the right buyer for our home without ever having to go to market. Since moving to another city Jordan referred us to an amazing realtor who found us our home lightning quick. In all, Jordan made a normally stressful life experience into something purely exciting and easy!"
"We could absolutely not have had a better experience with Jordan! Jordan has a vast network which allowed her to find the right buyer for our home without ever having to go to market. Since moving to another city Jordan referred us to an amazing realtor who found us our home lightning quick. In all, Jordan made a normally stressful life experience into something purely exciting and easy!"
Rivera
"We have worked with Jordan on multiple transactions and she always puts her clients first, is transparent every step of the process and extremely knowledgeable on the market. She has maximized our potential each time we have bought and sold. She is a true professional and our family adores her."
"We have worked with Jordan on multiple transactions and she always puts her clients first, is transparent every step of the process and extremely knowledgeable on the market. She has maximized our potential each time we have bought and sold. She is a true professional and our family adores her."
Natalie N.