In this update from John Dooley, with The Dooley Group at Discover NC Homes, changes in real estate processes in North Carolina are highlighted, providing valuable insights for homebuyers. As of August 1st, new guidelines from the National Association of Realtors and adjustments to the Multiple Listing Service (MLS) have reshaped the way commissions are advertised and how buyers interact with agents.
One of the key changes discussed is the removal of commission advertising from MLS listings. In the past, buyers could easily see the commission a seller was offering to their agent. Now, agents must take an extra step to verify this information by contacting the listing. Despite the change, the longstanding practice in North Carolina of sellers paying the buyer agent’s commission remains, but it requires more upfront communication.
Additionally, new rules now require a full buyer agency agreement to be signed before an agent can show a property, whether in person or virtually. Previously, agents could provide a Working with Real Estate Agents brochure during the initial contact and proceed to show properties. However, under the new guidelines, buyers must formalize their relationship with the agent beforehand. John Dooley reassured buyers that this agreement is not intended to lock anyone into a contract but is simply a legal step necessary to maintain compliance.
John Dooley emphasized in this video that the new procedures do not hinder the ability to offer excellent service. For example, John has recently conducted a virtual tour for a client located four hours away, ensuring that the buyer’s needs were met without any complications.
While these changes might seem daunting at first, The Dooley Group stands behind its commitment to providing outstanding service and making the real estate process as smooth as possible. Buyers are encouraged to reach out with any questions about the new procedures or the buying process in general.
If you’re looking to purchase property in Brunswick County or the surrounding areas, The Dooley Group at Discover NC Homes is here to help. Whether you’re a first-time buyer or a seasoned homeowner, their team is ready to guide you through the process with expertise and care. For more information or to get started, contact The Dooley Group at 910-250-8072, email info@oakislandncliving.com, or visit their website at www.discovernchomes.com/Dooley. Let them help you find your dream home in beautiful Brunswick County!
