With recent changes in real estate practices following the NAR lawsuit, there have been updates regarding how buyer agents are compensated. Here are some frequently asked questions to help clarify these changes:

1. Can buyers still work with buyer agents? Yes, buyers can still work with buyer agents. The NAR lawsuit primarily impacts how buyer agent compensation is disclosed and handled.

2. How is buyer agent compensation affected by the NAR changes? Buyer agent compensation can still be paid by the seller. However, it is no longer publicly listed in the MLS (Multiple Listing Service).  In some cases it might be a negotiation point on the purchase contract.  In the event that it is not paid for by the seller, it can be paid for by the buyer or the buyer might choose a different home if that line item of the contract is important to them.  Buyer agent compensation has always been negotiable, and even prior to the lawsuit there have been some sellers not offering compensation making that a point for buyers to consider when making an offer.

3. What does it mean that buyer agent compensation is not publicly listed in the MLS? Previously, the commission offered to buyer agents was often publicly displayed on the MLS and therefore Zillow, RedFin, Trulia, etc. Now, while it may not be listed, sellers may still have a pre-negotiated rate with their listing agent that is provided to your agent via email.

4. How can buyers find out about buyer agent compensation? Buyers should discuss compensation with their buyer agent. Even if not publicly listed, many sellers still have a pre-negotiated rate for buyer agent commissions. 

5. What if a seller doesn't have a pre-negotiated rate for buyer agent compensation? If the seller does not have a pre-negotiated rate, there is a provision in the purchase contract where this can be specified as part of the negotiation process. 
Sample Contracts Linked.
See line 37 to check Seller Compensation Addendum to incorporate that addendum into the contract. https://www.aaronline.com/wp-content/uploads/2024/07/01/Residential-Resale-Real-Estate-Purchase-Contract-Form-August-2024-FINAL.pdf
And here is a sample of the addendum itself: https://www.aaronline.com/wp-content/uploads/2024/09/12/Seller-Compensation-Addendum-SAMPLE-Revised-8-8-24-August-2024-.pdf

6. Where can I find more information about these changes? For detailed information, you can refer to the National Association of REALTORS® website FAQ here: https://www.nar.realtor/the-facts/nar-settlement-faqs#consumer

7. Do I have to sign a buyer broker agreement to go into an open house?
No, you typically do not need to sign a buyer broker agreement to attend an open house. Open houses are generally open to the public, allowing you to tour the property without any obligations. The agent there represents the seller. However, if you are actively working with a buyer's agent, it’s a good idea to let them know you’re attending an open house, as they may provide valuable insights about the property and the surrounding area.
8. Do I have to sign a buyer broker agreement for a buyer’s agent to take me to see a home? What does that mean?
Yes, a buyer’s agent will ask you to sign a buyer broker agreement before taking you on private home showings. This agreement outlines the terms of the relationship between you and the buyer's agent, including how they will be compensated. It formalizes the agent's role in representing your interests, and you gain the assurance of dedicated service and guidance throughout the home-buying process. However, you can negotiate that this form only be used for a short period of time, or even for one specific property while you are still getting to know this agent.  There is also a showing agreement form that could be used when you are still in the getting to know you phase of working with your agent.  See both forms here:
Buyer Broker Exclusive: https://www.aaronline.com/wp-content/uploads/2024/09/12/BUYER-BROKER-EXCLUSIVE-EMPLOYMENT-AGREEMENT-SAMPLE-Rev-8-8-24-August-2024.pdf
Showing Agreement: https://www.aaronline.com/wp-content/uploads/2024/07/01/Buyer-Broker-Agreement-to-Show-Property-SAMPLE-August-2024-FINAL.pdf

9. Can my buyer's agent lower their rate they charge if we cannot get that rate negotiated to be paid for by the seller?
Yes.  However they are not bound to doing that, so be sure to have some very specific conversation, and ask for an addendum to the buyer broker agreement before finalizing a contract if the rate is changing. 


Notes The purchase contract discussed is specific to Arizona.  Also compensation is always negotiable.  If you have further questions or need assistance navigating these changes, feel free to reach out to us.

Canal Convergence is a display of free public art.

Event hours:
Friday, Nov. 3–Saturday, Nov. 4, 6–10 p.m. 
Sunday, Nov. 5–Thursday, Nov. 9, 6–9 p.m. 
Friday, Nov. 10–Saturday, Nov. 11, 6–10 p.m. 
Sunday, Nov. 12 (closing night), 6–9 p.m. 
You'll want to keep this link handy for the schedule of the fire shows, and other events like music groups.

Fire Show Schedule:
​Thursday, Nov. 9: 6:30 and 7:30 p.m.
Friday, Nov. 10: 6:30, 7:30, 8:00, and 9:00 p.m.
Saturday, Nov. 11: 6:30, 7:30, 8:00, and 9:00 p.m.
Sunday, Nov. 12: 6:30, 7:30, and 8:30 p.m.

The fire show lasts about 5 minutes and is two songs, so if you've got a good position don't leave after the first song, there's one more!

Where to Park:
I went on a Tuesday and had no problem with parking, however it was still very crowded.
If you go on the weekend, you may want to plan on taking an Uber or Waymo.

All the parking in Old Town both street and garage is free.
The closest garage is underground and located just SW of Barrio Queen.
The second closest garage is the 3rd Ave Garage located on 3rd Ave just West of Scottsdale Rd.
You could also park at Scottsdale Fashion Square Garage.

If you've ever been to Scottsdale, you know it's not unusual to see a McLaren or a Bentley casually driving down the road.  Or if you're me, a car that looks very fancy yet you've never heard of it.  You open the Realtor.com app to see how much the condos at Scottdale's Kierland Optima sell for and might be surprised to see that you won't find a 2 BR for less than $1M. 
Scottsdale is known for their sunny days, a plentitude of nice restaurants, and many local events so it might not be much of a surprise to know that Scottsdale ranks #5 for high net worth individual growth... in the world.  
Current rankings for HNWI (high net worth individuals) in Scottsdale:
Scottsdale has 13,900 high net worth individuals ($1M+)
Scottsdale has 60 Centi-millionaires ($100M+)
Scottsdale has 5 Billionaires
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If you've been thinking about purchasing (or selling) a home in Scottsdale, I'd love to help!
[email protected]
Let's get started!

Source: www.henleyglobal.com/publications/wealthiest-cities

Click the button above to see all the currently scheduled open houses in Paradise Valley, AZ this weekend! The find the open house information, simply click on the home you are interested in, then click the detail tab at the above right, and under the detail tab click open house.

These are just a few of the homes that will be on display this weekend in Paradise Valley. There are plenty of other open houses to explore, and each property has its unique features and charm. If you are interested in attending an open house this weekend, make sure to contact a local real estate agent (me) to get all the details.
Attending an open house is an excellent way to get a feel for the local real estate market and see what types of homes are available in your price range. Even if you are not in the market for a new home, attending an open house can be a fun and informative way to spend a weekend afternoon.
In conclusion, if you are interested in real estate in Paradise Valley, AZ, then you won't want to miss the open houses this weekend. From cozy homes to sprawling mansions, there is something for everyone in this beautiful town. Make sure to contact a local real estate agent (me) for all the details, and get ready to be impressed by the stunning homes on display.

And if you are seeing this at a later date, I'm happy to provide you with a new list, just complete the contact form below.

Troon is a prestigious community located in North Scottsdale, Arizona. With its stunning desert landscapes, luxurious homes, and world-class golf courses, Troon has become a sought-after location for those seeking a lavish lifestyle in the Phoenix metropolitan area.
If you're looking to buy or sell a home in Troon, attending an open house can be a great way to get a feel for the local real estate market and see what properties are available. In this blog post, we'll provide some information about open houses in and near to the neighborhood of Troon in North Scottsdale.
First, it's important to understand what an open house is. An open house is a scheduled period of time during which a seller opens their home to potential buyers. This is an opportunity for buyers to tour the home, ask questions, and get a feel for the property without having to schedule a private showing.
In Troon, open houses are often held on weekends, when many buyers are available to attend. They can be advertised in a variety of ways, including online listings, social media, and signage in the neighborhood.
If you're looking to attend an open house in Troon, there are a few things to keep in mind. First, make sure to arrive early to avoid crowds and get a good look at the property. Second, be prepared to ask questions and take notes about the home's features and condition. Finally, be respectful of the property and the seller's privacy.
To find open houses in Troon, you can search online real estate listings or check with local real estate agents. Some popular real estate websites that list open houses include Zillow, Redfin, and Realtor.com. Additionally, many real estate agents and brokerages have their own websites where they list open houses and provide information about the properties.
Attending an open house in Troon can be a great way to get a feel for the local real estate market and see what properties are available. By keeping these tips in mind and doing your research, you can make the most of your open house experience and find the perfect home in Troon.

For a list of Open Houses happening this weekend (May 5,6 & 7) click the button below.
From the list of homes, click on the detail tab in the upper right hand side.  From that window, just below and to the left of the detail tab you'll see a button that says open house.  Enjoy! 

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