Morning Brew Daily The Biggest Real Estate Rule Change in Decades & Presidential Candidates' Economic Plans
Aug 19, 2024
A groundbreaking shift in the real estate industry is empowering buyers to negotiate their commissions directly with agents. Meanwhile, presidential economic plans are positioning to reshape America's business landscape. Concerns rise over an MPOX outbreak as a vaccine targeting teenagers is urgently needed. Epic Games engages in a legal battle with Apple, focusing on app store regulations in the EU. Also, nostalgia hits as *NSYNC's 'Bye Bye Bye' finds new life in a blockbuster film, underlining the power of pop culture.
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Real Estate Overhaul
- New real estate rules require buyers to sign contracts with agents before house viewings, shifting negotiation power.
- This change aims to lower commissions and increase transparency in the home-buying process.
Impact on Realtors
- Seasoned real estate agents may benefit from the new rules, as less experienced agents might struggle.
- The shift empowers buyers but requires more legwork from realtors.
Tips for Buyers and Sellers
- Buyers can use online draft templates for the new buyer-agent contracts to protect their interests.
- If you sold a home in the past five years, you might be eligible for part of a $418 million settlement.