The NAR Settlement, or National Association of Realtors Settlement, encompasses several key aspects that sellers should be aware of, particularly concerning the Listing Agreement and seller commissions. The Listing Agreement is a crucial document that outlines the terms and conditions of the real estate agent's representation of the seller. It includes details such as the property's listing price, duration of the listing period, the agent's commission rate, and any specific terms or conditions agreed upon between the seller and the agent.
This ensures that sellers have professional representation throughout the selling process, leveraging the expertise and experience of a licensed real estate agent. This can lead to a smoother and more efficient sale, as agents can navigate complexities such as pricing strategies, market trends, and legal requirements.
Working with a reputable real estate agent who adheres to NAR guidelines can offer sellers peace of mind, expert guidance, and a higher likelihood of achieving a successful sale at a competitive price.
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If you’re thinking about selling or moving to Outer Banks North Carolina be sure to give me a call, shoot me a text, send me an email, or schedule a Zoom call. I’d love to help you make a smooth move to Outer Banks North Carolina!
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Timecodes
0:00 - Intro
0:10- NAR lawsuit
0:31- North Carolina Buyer's Agency Agreement
0:43- Listing Agreement
1:27- Increase in Demand
1:47- Example Situation
2:04- Multiple Offers
2:31- What you're willing to offer as Comission
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