The recent settlement of the lawsuit against the National Association of Realtors (NAR) is set to reshape the real estate industry, with significant effects on agents and brokerages. The case challenged traditional commission structures, particularly the practice of requiring sellers to pay both their own agent’s commission and the buyer’s agent’s commission. The settlement mandates greater transparency and eliminates mandatory commission sharing, forcing a reevaluation of how services are priced and delivered.

The Comprehensive SPiRALNY Guide For Agents

Entering the world of real estate as a professional can be both exciting and daunting. The dynamic landscape offers numerous possibilities, but the thought of choosing a broker can be daunting. There are so many choices out there ranging from a team structure, to an independent company or even a national franchise – there are no shortage of options.

The real estate industry is ever-evolving, and with it, the models through which agents operate. SPiRALNY, a leading real estate brokerage, stands out with its innovative 100% commission model. This approach not only revolutionizes the traditional brokerage framework but also brings a plethora of benefits to its agents. Let’s delve into how SPiRALNY’s 100% commission brokerage model can significantly enhance an agent’s career.

Condominium listings almost always include square footage, and for good reason– it’s an important part of the property-search process and helps buyers make informed decisions. But a quick dive into property listings will reveal that co-ops very rarely announce square footage in a listing. 

Most buyers want, and often need, to know what the square footage of an apartment is, so why is it so consistently left out? Does this trend mean that square footage isn’t all that important?

Anyone who has bought a home in New York City knows that closing costs can truly add up when closing a deal. These fees cover the costs of getting the mortgage and usually range from 2% to 5% of the home price.

In some cases, you may be able to get the seller to pay for some of these closing costs through seller concessions. Before you close on your mortgage, learn how to use seller concessions to lower your closing costs.