Enhancing Buyer Value Amidst Real Estate Shifts: My Approach

Starting in August 2024, significant changes from the National Association of Realtors (NAR) will impact the real estate industry.

About NAR

The National Association of Realtors (NAR) is the largest professional organization for real estate agents in the US with over 1 million members nationwide.

New NAR Rules and How it Affects the Buyer

A recent court ordered rule change has NAR forcing new rules on the home buying process. Before seeing homes, buyers must sign either a Showing Agreement or an Exclusive Buyer’s Brokerage Agreement. We prefer this agreement that entitles you to 10% offer from Mr. Ortega's Professional Fee towards your closing costs.

We will negotiate with sellers to contribute up to 3% towards the buyer’s commission. You must approve the "Exclusive Buyer’s Brokerage Agreement" with Antonio Ortega LLC to qualify for his offer.

Antonio will contribute 10% of his commission towards your Closing Costs See Details.

For a limited time, Antonio Ortega LLC will cover the $400 transaction fee charged by my broker on residential transactions, provided you approve the Exclusive Brokerage Agreement.

This Agreement may be canceled at any time as specified in Section 9, under Early Termination.

Recent Updates

The NAR Legal Department has released new forms for us to request seller compensation for the buyer’s side. Over 90% of all home sales involve the buyer’s agent, so it’s clear the market exposure they bring is valuable. The Veterans Administration now allows buyers to pay buyer’s commissions.

Important Disclosure fom Antonio Ortega LLC:

In the past, I didn't ask clients to sign an Exclusive Brokerage Agreement because I valued a relationship built on trust and mutual commitment. With the new guidelines from the NAR, however, this agreement is now mandatory, and I want to ensure we’re fully compliant. Thank you for your understanding as we work within these updated regulations.

When making an offer on a property over $400K, I will notify my broker and any other relevant parties, as required by regulations, of my intent to contribute 10% of my Professional Fee toward your closing costs. Final approval is subject to both broker and lender approval.

Get Preapproved or Prequalified

Sellers prefer prequalified buyers and often accept preapproval. Be prepared to provide proof of funds or a bank statement as sellers are now asking for this documentation to ensure buyers can close.

Avoid big purchases and co-signing until after closing to keep your credit score intact. Talk to your Mortgage Broker.

I work with a great mortgage broker who can get you a pre-qualification letter in hours. You can use your own broker; just send me the PDF letter via email.

Exclusive Partnership

To serve you best I’d like to be your Exclusive Licensed Real Estate Professional from our first meeting, formalized with an Exclusive Buyer’s Brokerage Agreement as required by NAR.

This agreement allows for a focused partnership so I can fully understand and cater to your needs making the process smoother and more efficient for you.

Contact Antonio Ortega LLC Directly

Feel Free to change the Price Range:

MLS Listings in Cities Nearby in Broward FL

Antonio will contribute 10% of his professional fee towards your closing costs. See Details!

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For those interested in more listings and detailed property information, visit our sister site South Broward Homes by Tony. Here, you can explore a wide range of properties and find the perfect home to suit your needs.

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