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REALTOR FINES?! |$1k for 1st offense! 1 месяц назад


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REALTOR FINES?! |$1k for 1st offense!

In this video, we're diving deep into the significant changes that just took effect in the real estate market as of August 12th, with some areas following on August 17th. These new rules are reshaping the way we conduct transactions, and it’s crucial for everyone involved—whether you’re an agent, buyer, or seller—to understand what's at stake. Key changes include the elimination of buyer agent commissions in the MLS and the requirement for buyer agency agreements. Sellers are no longer obligated to pay buyer commissions, which marks a major shift in how deals are negotiated. The penalties for breaking these new rules can be severe, ranging from fines as high as $1,000 for the first offense to $5,000 for the second, and even $10,000 with the possibility of license suspension for a third offense. It’s essential to play by the rules, as any attempts to bypass them can lead to significant consequences. We’ve already seen enforcement in action. For instance, an agent who simply posted "call or text to find out what compensation is offered" was slapped with a $1,000 fine. This serves as a stark reminder that the authorities are serious about compliance. In this video, we’ll break down each of these new regulations, discuss the potential impact on the market, and offer advice on how to navigate these changes successfully. Whether you're directly affected by these rules or just want to stay informed, this video will provide you with everything you need to know. Don't forget to like, subscribe, and share with others who need to be aware of these critical updates. JOIN THE 21 MIKE TEAM https://21mike.com/join-our-team/?utm... REAL ESTATE TRAINING FROM MIKE FERRANTE📣 https://us02web.zoom.us/meeting/regis... BUYING SELLING OR INVESTING IN REAL ESTATE 🏠 Buy: https://21mike.com/buy/?utm_source=yo... Sell: Invest: https://21mike.com/invest/?utm_source... DON'T FORGET TO FOLLOW ME: Instagram (@21miketeam) Facebook (@21miketeam) Mike Ferrante from the 21 Mike Team and Century 21 HomeStar is one of the top agents in Cleveland, Ohio, with about 500 transactions estimated for 2023. One of the top listing agents in Cleveland, Ohio, with a dominant presence on social media plus traditional marketing methods, the 21 Mike Team covers all of Ohio, expanding into Akron, Medina, Lorain, Columbus, Ohio. Mike also donates his time to provide education and training for other real estate agents, including State of Ohio-approved continuing education classes. Mike's focus is now on helping other agents grow their business by leveraging the assets of the 21 Mike Team, such as leads, admin support, training, branding, business planning, and more. Mike is a lifelong Ohio resident, earning a Bachelor's in Science from Heidelberg University in Tiffin, Ohio, and an MBA with a marketing concentration from the Weatherhead School of Management at Case Western Reserve University. In addition, Mike has experience in new construction, renovations, and property management. #realestate #realestateagents #realestatebrokers #realestateadvice #buyersagent #homebuyers #newhometips #firsttimehomebuyer #homebuying #homebuyingtips #marketupdate #realestatemarket

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