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Posts from July 2024

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July
11

July 11th, 2024 by

In Illinois, the recent developments in the NAR (National Association of REALTORS®) lawsuit include significant changes to the real estate industry, particularly concerning the buyer's agent commissions. A notable aspect of the settlement is that it will eliminate the requirement for listing brokers to offer compensation to buyer brokers through the MLS (Multiple Listing Service). This means that starting August 17, 2024, buyer's agent commissions will no longer be included in MLS listings, and written buyer's agent agreements will be required.

Midwest Real Estate Data (MRED), a major MLS in Illinois, has announced its compliance with these changes and is updating its policies and documents accordingly. MRED will also monitor fields and third-party sites to ensure compliance with the new rules.

For more detailed information, we can be reached at 630-286-9777

Team Elite Realtors
Julia Corkey & Vickie Schoenfeld
Categories: Uncategorized
Tags: Julia Corkey, Luxury Realtor, luxury reatlors, buyers agent, sellers agent, team elite reatlors, team elite real estate agents, foreclosures, naperville real estate, plainfield real estate, oswego real estate, aurora real estate, home sellers, home buyers
July
11

July 11th, 2024 by

Summer is the perfect time to embark on painting projects that can transform your home's appearance and increase its value. With the warm weather and longer days, it's an ideal season for home improvement. If you're considering selling your home or simply want to refresh your living space, here are some painting projects to tackle this summer.

  • Refresh Your Front Door
    Your front door is one of the first things people notice about your home. A fresh coat of paint can make a significant impact on your home's curb appeal. Choose a bold color that complements your house's exterior. Trendy paint colors like classic red, navy blue, or even a cheerful yellow can create a welcoming entrance. Not only does this add visual interest, but it can help signal to pot...

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Categories: General Real Estate
Tags: home for sale, home improvement, design home office, home maintenance, home organize, DIY projects, homeowners, home living, appliances, home buying, home care, home, home decor, diy, home remodel, architecture, home design, eco-friendly home, home renovations, home sale, 2024
July
10

July 10th, 2024 by

What do we do as Buyer agents? Here is a list of what we can do for our buyers:

Consultative Activities

1. Conduct a thorough needs assessment to understand your requirements.
2. Explain agency laws and present the buyer representation agreement.
3. Clarify how broker compensation is paid, who pays it, and your options for covering it.
4. Understand your budget and financial needs.
5. Assist you in examining how much you can afford to spend and why.
6. Introduce you to a trusted mortgage loan officer for financial services and/or a second opinion.
7. Connect you with a trusted title services attorney partner.
8. Set you up with accounts on tools and technology needed for a successful home search.

Preparing for the Home Search

9. Explain the general timeline for house hunting, mortgage approval, and closing.
10. Provide insights into local market conditions and how they impact your leverage/position.

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Categories: Uncategorized
Tags: Julia Corkey, Vickie Schoenfeld, Luxury Realtor, buyers agent, team elite reatlors, team elite real estate agents, home buyers

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