A recent case is making waves in the real estate world: a homebuyer was ordered to pay $24,000  after violating their Exclusive Buyer Representation Agreement . Under the new NAR rules , this agreement isn’t just paperwork it’s a binding contract  that creates a legal relationship between you and the brokerage representing you. And in New York, it’s required before  a buyer tours any  property with an agent or broker. If you’re planning to buy a home, especially in Queens or

One of the most common questions in real estate today is: “Who actually pays the real estate agent’s commission?”  The answer has changed and it’s important for buyers and sellers alike to understand the new rules  that took effect in August 2024 . 1️⃣ Traditional Model Shifted For decades, it was standard practice for sellers to pay both the listing agent and the buyer’s agent commissions  out of the sale proceeds. But that long-standing norm has n