New NAR Rules Explained: Watch This Video Before Selling Your Home in 2024!

Are you planning to sell your home in 2024? If so, it’s essential to understand the recent changes to the National Association of Realtors (NAR) rules and how they could impact your sale. These updates have significantly altered how real estate agents handle commissions and how homes are marketed. To help you stay informed and ahead of the game, we’ve created an in-depth YouTube video explaining everything you need to know about the new NAR rules.

Watch the full video below:

What’s Covered in the Video:

In this video, Jeff Quintin from The Quintin Group breaks down the two key changes introduced by the NAR that will affect how you, as a homeowner, sell your property:

• No More Buyer Agent Compensation in MLS: The buyer agent commission is no longer listed publicly in the Multiple Listing Service (MLS). Learn how this affects the real estate market and why you still need to offer incentives to attract buyer agents.
• Decoupling of Commissions: The new rules emphasize that commissions for listing and buyer agents should be handled separately. Understand what this means for both sellers and buyers, and why it’s critical to grasp that the buyer has always indirectly paid the commission.

Why You Need to Watch This Video:

These rule changes can be confusing, but they directly affect how quickly and profitably your home will sell. Jeff Quintin walks you through these updates in simple, easy-to-understand terms, giving you actionable insights on how to navigate the 2024 real estate market. Whether you’re a seasoned homeowner or selling your first home, this video will ensure you’re well-prepared.

Key Takeaways from the Video:

• Stay Competitive: Even though buyer agent commissions are no longer published in the MLS, offering a competitive commission is still essential for getting your home shown to as many buyers as possible.
• Incentives Drive Sales: Without offering an incentive to buyer agents, your property could sit unnoticed in a crowded market. Learn why incentives can lead to multiple offers and a higher final sale price.
• Buyers Pay the Commission: While the seller traditionally “pays” the commission, it’s always been the buyer who brings the money to the table. Jeff explains how this process works in the video.

Why These NAR Rule Changes Matter for You:

The real estate market is constantly evolving, and these recent NAR rule changes will have a significant impact on how homes are listed and sold. If you’re selling a home, understanding these changes can make the difference between a quick sale at top dollar and a property that languishes on the market.

By watching this video, you’ll gain critical insights on:

• How to make your home stand out in a competitive market.
• Why real estate agent incentives still matter even though commission details are no longer visible in the MLS.
• How to negotiate effectively under the new rules to maximize your net profit.

What You Should Do Next:

After watching the video, if you have any questions about the new NAR rules or how they may affect your home sale, don’t hesitate to reach out to us! We’re here to help you navigate these changes and make sure your property sells quickly and for the best price possible.

Contact Jeff Quintin and The Quintin Group today at 609-398-5333 or visit us online at thequintingroup.com for expert real estate advice and services.

Selling a home can be challenging, especially when the rules are changing. But with the right knowledge and expert guidance, you can still achieve a successful sale. Be sure to watch our video to fully understand the new NAR rules and how to adapt your home-selling strategy in 2024.

Stay informed, stay competitive, and contact The Quintin Group to get the help you need!