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Do Buyers Really NEED a Real Estate Agent? (A Lawyer's Perspective)

The 2024 NAR Settlement states that Realtors will no longer be able to advertise compensation for buyers agents in the Multiple Listing Service (MLS). This landmark decision is stirring up considerable debate among agents and buyers alike, with some speculating it could signal the beginning of the end for traditional real estate agents. While it's true that many real estate transactions can technically proceed without an agent, the value a skilled agent brings to the table cannot be understated. Drawing on my extensive experience with over 10,000 closings as a real estate attorney, lets dive into the critical differences and common pitfalls buyers may encounter when navigating the real estate process without professional guidance. Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations. If you'd like to work with Thomas & Webber, please email [email protected] 00:00 - NAR Settlement 00:55 - At Attorney's POV 03:05 - Common Pitfalls 05:10 - Closing Issues