All Articles

New Class! Change is Hard... Unless You're Prepared: Forms and Practice Changes for Summer 2024

You have been through a lot of changes lately, and more change is coming.

On August 17, every REALTOR®-owned MLS will cease publishing offers of compensation in the MLS. Moreover, the listing agreements used by brokers who list property in a REALTOR®-owned MLS will change substantially. Will the sellers you represent still have the ability to offer compensation to a buyer broker? They will not … unless you learn about the changes to the revised listing agreement in advance and prepare to use it. If your seller offers compensation to a buyer broker, where will you advertise that offer? If you are a buyer broker, how will you know if the seller is offering compensation? Washington law requires you to disclose offers of compensation from seller to buyer, and the revised Form 21 incorporates this disclosure and the buyer’s negotiation for the seller’s payment. The Buyer Brokerage Services Agreement will be simplified, but the simpler form eliminates choices that you are no longer allowed to extend to buyers.

Suffice it to say, forms and practices are changing in dramatic ways. If you are not prepared, you will have no problem selling real estate. You simply run the risk of working for free.

Don’t let this important education pass you by, reserve your spot at one of our upcoming virtual classes below!

Available Classes: 3.0 CE

August 12th, 2024 | 10:00AM-1:00PM
Location: Virtual 
Instructor: Annie Fitzsimmons
REGISTER HERE