Landmark Scotland’s Post

🚨The Professionalization of Residential Real Estate🚨 The NAR settlement has brought some changes to the residential real estate space —and it's pushing the industry toward greater professionalization. 💡 What does this mean? With commissions being more transparent, agents will need to provide even more value to stand out. That means better service, deeper market expertise, and stronger negotiation skills for both buyers and sellers. As this shift happens, only agents who are truly knowledgeable and professional will thrive. This is great news for clients—it means you’ll have more skilled agents representing your best interests in every transaction. 📲 Work with someone who’s ahead of the curve #NARSettlement #RealEstateChanges #ProfessionalAgents

are people stiring the pot with real estate agents or do they just want to spread misinformation. Or if I’m being positive about it, maybe they just haven’t bought a house since 2008. Appraisers are not chosen and appraisers do not have to compete for jobs based on coming in at purchase price. ##appraisal##contractprice##appraisalvalue #a#appraisalproblemsa#alishacollinsc#casperwyomingrealestater#realestatebestie

🚨 Attention Real Estate Professionals: The Game Has Changed! The $418 million NAR settlement isn't just another headline—it's a big shift in the real estate industry. As of August 17, 2024, agents will need to begin operating under new rules that will change how they do business. Key Changes: - Buyer agent commissions are no longer displayed on MLS - Written agreements with buyers required before property viewings - Separate fee negotiations for buyer and seller agents This isn't just a big change, but also a chance to switch up how you're selling. Always learning and trying new tactics is never a bad thing! Here's some ways to thrive: - Sharpen your negotiation skills - Craft an irresistible value proposition - Embrace technology for efficiency - Build a power network of fellow agents - Become the go-to educational resource for clients The most successful agents will be those who adapt quickly and effectively. What's your strategy going to be?? If you'd like a starting point - we put together information on the settlement, what it means for agents, and some tips on how to begin working in this new environment. Check it out here -- https://lnkd.in/gtQqbnNq #RealEstate #NARSettlement #IndustryDisruption

What the NAR Settlement Means for Real Estate Investors, According to Sources in the Industry 🤔 The recent settlement reached by the National Association of Realtors is poised to reshape the real estate market and potentially lower housing prices nationwide. The agreement, subject to federal court approval, will eliminate NAR rules on sales commissions. Under the settlement, the NAR will pay $418 million in damages and implement new rules by July, changing how real estate brokers are compensated. This includes prohibiting brokers from offering compensation on multiple listing services and requiring buyer-brokers to enter into written agreements with their buyers. As a result, the traditional commission model, with a standard 6% rate for brokers, is expected to end, potentially cutting commissions by half. This could pave the way for alternative selling models, such as flat fees and discount brokerages, to gain traction. While the settlement primarily affects NAR members, the Department of Justice continues investigating the NAR and its MLS. There's anticipation that true change, including decoupling commissions, may occur by summer, potentially leading to lower home prices. Read the full article here 🔗 https://lnkd.in/g5JY9myY . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions

How will the upcoming NAR policy changes affect appraisals? Starting August 17, MLS participants can no longer use the MLS to communicate offers of compensation for buyers’ representatives. This impacts how appraisers will gather data and conduct valuations. Accurate data is paramount for appraisals. Inaccuracies or missing information can disrupt the process and lead to undervaluation or overvaluation. As Realtors, it's crucial that we maintain open lines of communication with appraisers to ensure all necessary details are conveyed. This includes providing comprehensive and labeled photos of properties, noting all amenities, and clarifying what's included in the building’s square footage. Collaborating efficiently will help maintain the integrity of property valuations and ensure smooth transactions. Your participation is essential. Let’s work together to navigate these changes seamlessly. #RealEstate #NARPolicyChange #Appraisals #MLSData #FloridaRealEstate

Check out this market snapshot video for a recap of July 2024 housing stats for Dallas Fort Worth.

What Buyers Need To Know About the Inspection and Appraisal! #realestatetips #homeinspection #keepingcurrentmatters #realtalk #remax #fairfaxrealestate #fairfaxrealtor #fairfaxhomes #alexandriahomes #alexandriarealtor #alexandriarealestate #remaxallegiance #northernvirginiahomes #northernvirginiarealtor #northernvirginiarealestate

Here is a good look at the possible changes coming to the real estate agent industry. There are some strong insights provided from local brokers: https://lnkd.in/gXwjaNiz

Myth: Appraisers working for a large brokerage firms will have access to more sales data due to in-house brokerage sales. Truth: Brokerage is a relationship business. If you build strong relationships, brokers will share information with you. Adding value to brokers is the key to establishing relationships. If you don't know how to add value quickly, you won't build these crucial connections. In competitive markets like Los Angeles, brokers prioritize confidentiality and often avoid sharing data with competitors. Experience matters. The best sales data an appraisal firm gets is from appraising pending sales. Since launching Worth Valuations, we have found obtaining sales data slightly easier than before. Being an independent appraisal firm with no competing lines of business has its privileges. In the past 2 years, we've appraised 83 pending sale transactions of apartments or land, providing us with exclusive data that no other firm possesses. Conclusion: Being part of a large firm doesn't guarantee better access to sales data. What truly matters is building and maintaining strong relationships. 🤔 #realestate #commercialrealestate #appraiser #Appraisal Institute

As the nation continues to face an affordable housing crisis, manufactured home communities are on the rise as a solution. Over 22 million American live in a manufactured home community with that figure expected to continue to rise. With the increase in demand, these communities are becoming more attractive to commercial real estate investors. At LPA, our team is equipped with the most up to date data and market analyses to deliver the most accurate reports to our clients. Interested in participating in this thriving market? Whether you're a lender, broker, investor, buyer, or seller, the valuation experts at LPA are here to support your needs, with multiple locations to serve you. If you’re looking to buy, sell, or lease a property, our team is here to help you make informed decisions based on accurate and up-to-date valuations. Contact LPA today to explore how we can put our expertise in commercial real estate appraisal to work for you. #retailrealestate #commercialrealestate #commercialproperty #commercialrealestateappraisers #commercialpropertyappraisal #CREvaluation #propertyvaluation #appraisers  #appraisalreports #propertytypeexpertise #ontime #ontimedelivery #ontimeeverytime #southwestexperts #LPA #LoweryPropertyAdvisors