How I'm Adding Value for Real Estate Buyers Amid Industry Changes - My Approach
Starting in August 2024, significant changes are coming to the real estate industry from The National Association of Realtors (NAR).
About NAR
The National Association of Realtors (NAR) is the largest professional organization for real estate agents in the United States, representing over 1 million members nationwide.
How the New NAR Rules Affect Buyers
A recent court-ordered rule change has led to new requirements in the homebuying process. Before viewing properties, buyers must now sign either a Showing Agreement or an Exclusive Buyer’s Brokerage Agreement.
At Antonio Ortega LLC, we recommend signing the Exclusive Buyer’s Brokerage Agreement, which qualifies you for Antonio’s 10% Professional Fee contribution toward your closing costs.
Additionally, we will negotiate with sellers to contribute up to 3% toward the buyer’s agent commission whenever possible. To take advantage of Antonio’s 10% contribution, you must approve the Exclusive Buyer’s Brokerage Agreement with Antonio Ortega LLC.
For a limited time, Antonio Ortega LLC will also cover the $400 broker transaction fee on residential transactions—provided you approve the Exclusive Brokerage Agreement before proceeding with additional showings.
This agreement can be canceled at any time under Section 9: Early Termination, ensuring you retain flexibility throughout the process.
Updated NAR Rules & What They Mean for Buyers
A recent court-mandated rule change now requires buyers to sign either a Showing Agreement or an Exclusive Buyer’s Brokerage Agreement before viewing multiple properties.
At Antonio Ortega LLC, we prioritize building trust first. That’s why Antonio can show you the first home without requiring a signed agreement. However, for any additional showings, an Exclusive Buyer’s Brokerage Agreement is required.
By signing this agreement, you’ll gain access to Antonio’s special offer—a 10% contribution from his Professional Fee toward your closing costs.
Additionally, we will negotiate with sellers to contribute up to 3% toward the buyer’s agent commission whenever possible. To take advantage of Antonio’s 10% contribution, buyers must approve the Exclusive Buyer’s Brokerage Agreement with Antonio Ortega LLC.
For a limited time, Antonio Ortega LLC will also cover the $400 broker transaction fee on residential transactions—provided the Exclusive Brokerage Agreement is approved before additional property showings.
This agreement may be canceled at any time under Section 9: Early Termination, ensuring complete flexibility throughout the process.
Recent Updates
The NAR Legal Department has released new forms allowing us to formally request seller compensation for the buyer’s agent. Given that over 90% of home sales involve a buyer’s agent, it's clear that the market exposure and negotiation expertise they provide are essential.
Additionally, the Veterans Administration (VA) now permits buyers using VA loans to pay buyer’s agent commissions, providing more flexibility for veteran homebuyers in today’s market.
Get Preapproved or Prequalified
Sellers prioritize prequalified or preapproved buyers, as it demonstrates financial readiness. Be prepared to provide proof of funds or a bank statement, as many sellers now request these documents to confirm a buyer’s ability to close.
To protect your credit score, avoid large purchases or co-signing loans until after closing. For guidance, consult with your Mortgage Broker.
I work with a trusted mortgage broker who can provide a pre-qualification letter within hours. However, you are welcome to use your own lender—simply email me the PDF letter once obtained.
I'll contribute 10% of my professional fee toward your closing costs, See Details.
Important Disclosure From Antonio Ortega LLC:
Due to recent policy changes by the National Association of Realtors (NAR), I am now required to have an Exclusive Brokerage Agreement signed before proceeding with multiple property showings.
However, at Antonio Ortega LLC, we believe in earning your trust first. That’s why Antonio will show you the first home without requiring an agreement. If you decide to make an offer on the property or wish to view additional homes, an Exclusive Brokerage Agreement must be signed to proceed.
When submitting an offer on a property valued at $400,000 or more, I will notify my broker and all relevant parties involved in the transaction, as required by regulations, of my intent to contribute 10% of my Professional Fee toward your closing costs. Final approval is subject to broker and lender approval.
I appreciate your understanding as we navigate these industry-wide changes, and I remain committed to providing transparent, client-focused service throughout your real estate journey.
Exclusive Partnership
To deliver the highest level of service, I strive to be your Exclusive Licensed Real Estate Professional from our very first meeting. In accordance with NAR’s new regulations, this commitment is formalized through an Exclusive Buyer’s Brokerage Agreement.
This agreement establishes a dedicated partnership, enabling me to personalize the buying process to your specific needs, ensuring a seamless, efficient, and stress-free homebuying experience.
Explore your first home stress-free—no obligation, no paperwork!
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