Po Kwon, United Real Estate East Carolina

Po Kwon, United Real Estate East Carolina Buying and/or selling residential property.

Still in time to spend the holidays in your new home! Plenty of space to invite family and friends, not to mention the ...
11/19/2024

Still in time to spend the holidays in your new home! Plenty of space to invite family and friends, not to mention the guest house is perfect and for anytime!

ECU Homecoming is this weekend! Greenville has grown so much since I attended in 1993! (showing my age ๐Ÿ˜)โ€ฆ. Know someo...
10/25/2024

ECU Homecoming is this weekend! Greenville has grown so much since I attended in 1993! (showing my age ๐Ÿ˜)โ€ฆ. Know someone whoโ€™s ready to come back home?

Price Improvement!!!!! New vinyl fence was installed this week in the backyard and looks great! The photos have been u...
10/11/2024

Price Improvement!!!!! New vinyl fence was installed this week in the backyard and looks great! The photos have been updated to show this! Beautiful weekend for a private showing!

This home has a unique addition with a separate guest houseโ€ฆ. With a bedroom, full bath, kitchenette, and a living/dinin...
10/01/2024

This home has a unique addition with a separate guest houseโ€ฆ. With a bedroom, full bath, kitchenette, and a living/dining room comboโ€ฆ. Come check it out!

08/19/2024

๐Ÿšจ ๐Ÿšจ ATTENTION HOME BUYERS ๐Ÿšจ ๐Ÿšจ

โ€ผ๏ธ ๐„๐…๐…๐„๐‚๐“๐ˆ๐•๐„ ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐Ÿ7๐ญ๐ก, 2024 โ€ผ๏ธ

All buyers looking to purchase any residential property moving forward MUST sign a โ€œBuyer Representation Agreementโ€ before walking into a property.

๐Ÿก ๐‚๐€๐โ€™๐“ ๐˜๐Ž๐” ๐‰๐”๐’๐“ ๐’๐‡๐Ž๐– ๐Œ๐„ ๐“๐‡๐„ ๐‡๐Ž๐”๐’๐„?

Starting August 17th, no REALTOR will be able to unlock a door without you first signing the agreement. This is non-negotiable and is part of a legally binding settlement for all REALTORS.

๐Ÿ“ƒ ๐–๐š๐ข๐ญโ€ฆ๐–๐‡๐€๐“ ๐ƒ๐Ž ๐ˆ ๐‡๐€๐•๐„ ๐“๐Ž ๐’๐ˆ๐†๐?

The Buyer Representation Agreement is a contract between you, as the Buyer, and your REALTOR. It outlines the details of your relationship, roles and responsibilities, and the REALTORโ€™s compensation. The compensation/commission stated is the MAXIMUM amount your broker/agent can receive from the transaction.

๐Ÿ’ต ๐’๐Ž, ๐๐”๐˜๐„๐‘๐’ ๐๐Ž๐– ๐‡๐€๐•๐„ ๐“๐Ž ๐๐€๐˜ ๐‚๐Ž๐Œ๐Œ๐ˆ๐’๐’๐ˆ๐Ž๐?

Well, yesโ€ฆbut actually, maybe noโ€ฆ

The agreement states that the Buyer is responsible for commissions; however, there are situations where others, including the Seller or the Listing Broker, may cover this cost. Reach out to your agent if you have questions about your specific scenario.

๐Ÿ“œ ๐‡๐Ž๐– ๐ƒ๐ˆ๐ƒ ๐–๐„ ๐†๐„๐“ ๐‡๐„๐‘๐„?

Historically, Sellers paid the Listing Broker a commission, which was then shared with the Buyerโ€™s Broker. However, this led to a misunderstanding that โ€œThe Seller pays the Buyerโ€™s Agent,โ€ which isnโ€™t entirely accurate. This misconception resulted in a class-action lawsuit, driving these changes. With the new NAR settlement, Agents/Brokers cannot advertise ANY compensation via the MLS, meaning Buyerโ€™s Agents arenโ€™t guaranteed compensation like before.

๐Ÿค” ๐–๐‡๐€๐“ ๐ˆ๐… ๐ˆ ๐ƒ๐Ž๐โ€™๐“ ๐‹๐ˆ๐Š๐„ ๐Œ๐˜ ๐€๐†๐„๐๐“? ๐‚๐€๐ ๐ˆ ๐†๐„๐“ ๐Ž๐”๐“ ๐Ž๐… ๐“๐‡๐ˆ๐’ ๐€๐†๐‘๐„๐„๐Œ๐„๐๐“?

The agreement will outline the termination process, so itโ€™s crucial to interview and hire your Buyer Representation carefully.

๐Ÿ“ ๐Š๐ž๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

1๏ธโƒฃ The length of the agreement is determined by you and your agentโ€”it can be as short or as long as you both agree.

2๏ธโƒฃ Keep in mind that specifics can vary from state to state, so be sure to clarify the terms before signing. (Check with the firm on options of representation and viewing a home)

๐Ÿค ๐€๐‹๐ˆ๐†๐๐Œ๐„๐๐“ & ๐‚๐Ž๐Œ๐Œ๐”๐๐ˆ๐‚๐€๐“๐ˆ๐Ž๐๐Ÿ‘

Choosing a professional REALTOR is more critical than ever to successfully closing on your next property purchase. With August 17th approaching, a lot of changes are happening behind the scenes. This new rule with the Buyer Representation Agreement is just one aspect of the NAR settlement, which is rapidly changing the real estate industry nationwide. Be sure to talk to any potential agent about their knowledge of the new rules and process.

(Credit: Jamie Proctor)

Update: Already under contract! I am very grateful for all the hard work from my sellers! Couldnโ€™t do it without work...
06/13/2024

Update: Already under contract! I am very grateful for all the hard work from my sellers! Couldnโ€™t do it without working together!

This home is Active now! Great updates and space to grow into!

This beautiful home in Windsor is live now. Check out the 3D tour and the photos! What do you think about the pool?
04/20/2023

This beautiful home in Windsor is live now. Check out the 3D tour and the photos! What do you think about the pool?

Still time to start new memories during the holidays! Welcome home!
11/24/2022

Still time to start new memories during the holidays! Welcome home!

I can't emphasize enough about the location of this home! Please take a look on what else!
11/19/2021

I can't emphasize enough about the location of this home! Please take a look on what else!

Beautiful waterfront home offers so much inside and out! I will let the photos speak for themselves!
04/29/2021

Beautiful waterfront home offers so much inside and out! I will let the photos speak for themselves!

Address

1440 E Arlington Boulevard Suite A
Greenville, NC
27858

Telephone

+2523475006

Website

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