ShopProp Takes Bold Stand to Prevent Home Buyers from Being Locked Out of the Market with Free Buyer Representation
15 Julio 2024 - 7:30AM
Business Wire
In a dramatic response to the recent judgment against the
National Association of Realtors (NAR) and the adoption of new
industry rules, ShopProp is taking a bold stand to ensure that home
buyers are not left out in the cold. These changes threaten to
exclude buyers who cannot afford to pay a buyer's agent commission,
but ShopProp is committed to preventing this unfair
consequence.
Under the new rules, NAR-owned Multiple Listing Services (MLSs)
can no longer post the buyer's agent commission. This means the
commission is removed from the listing agreement, and when making
an offer, the buyer must include the buyer's agent commission in
the offer and ask the seller to pay it. If the seller refuses and
the buyer lacks the funds to cover the buyer's agent commission,
they risk being shut out of the market and unable to secure
representation. This is particularly concerning for buyers in
competitive markets, as they will be at a significant disadvantage.
The commission you are asking the seller to pay is now a critical
term that might determine whether you secure the property or
not.
Recognizing the severity of this issue, ShopProp pledges to fill
the gap by offering commission-free buyer agency services to those
who cannot afford the commission when the seller won't cover it.
This offer is based on our resources and commitment to ensuring
fair access to the market. Additionally, ShopProp commits to
offering the lowest buyer agency commission in the market for
similar services to those who can afford to pay.
"ShopProp has always championed transparency, options, and low
costs for home buyers and sellers," declares Rob Luecke, CEO of
ShopProp. "The potential for these new rules to lock some buyers
out of the market is deeply unjust. ShopProp is unwavering in our
commitment to provide representation for everyone, including those
who may be financially constrained."
Luecke highlights the urgency of this commitment for groups such
as veterans, who might be utilizing zero-down programs and lack the
funds for buyer representation. "Our vets, for instance, deserve
comprehensive representation, and ShopProp is determined to ensure
they receive it."
This bold initiative underscores ShopProp's dedication to
fairness and accessibility in the real estate market. By offering
commission-free buyer agency services based on available resources
and the lowest buyer agency commissions, ShopProp aims to uphold
its mission of supporting all home buyers, regardless of their
financial situation.
For more information, visit https://www.shopprop.com/#/home.
About ShopProp:
ShopProp is a pioneering real estate company committed to
offering transparent, low-cost services for home buyers and
sellers. With a focus on innovative solutions and client-centric
approaches, ShopProp strives to make the real estate process
straightforward and accessible for everyone.
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version on businesswire.com: https://www.businesswire.com/news/home/20240712675121/en/
Media Contact: Rob Luecke, CEO ShopProp Email:
rob@shopprop.com Phone: 425-785-5127