This week’s rundown:

• New Laws in Real Estate: Buyers can expect greater levels of formalization: A contract is now required between buyers and their realtor.

• Highlighted Listing: 2.66 acre Noblesville Home will hit the market today. No HOA, Creek access at rear of property, Pole Barn and Fence, Finished Basement with Walkout!

• Giveaway: If you are into farm fresh eggs, this is for you!

👇Discover: Find and track the value of your home

INDIANA REAL ESTATE CHANGES | STARTING JULY 1, 2024

NAR Settlement Basics:

The National Association of Realtors (NAR) settled several significant antitrust lawsuits in 2023. The settlements included NAR agreeing to pay substantial financial penalties, making changes to its policies to increase transparency and competition in the real estate market, and ensuring that homebuyers and sellers are better informed about commission costs. These changes aim to promote fairer practices and potentially lower costs for consumers in real estate transactions.

Changing Business Practices:

• NAR agreed to create a new MLS rule prohibiting offers of compensation on the MLS. This would mean that offers of compensation could not be communicated via an MLS, but they could continue to be an option consumers could pursue off-MLS through negotiation and consultation with real estate professionals.

• NAR also agreed to create a new rule requiring MLS participants working with buyers to enter into written agreements with their buyers before the buyer tours a home. NAR has long encouraged its members to use written agreements to help consumers understand exactly what services and value they provide, and for how much.

NOBLESVILLE HOME | ACRES, HOME, BARN & FENCE

Click Below to View Home (Photos, Vid, Floor plan)

Open House | Saturday, June 13th | Noon-4pm