Katherine Duke-Lake and Coast Real Estate Co

08/17/2024

Real Estate will change effective August 17th. If you’re looking to buy or sell, lock down an agent that knows what is going on! That’s me!

🏡ATTENTION HOME BUYERS🏡
On August 17th, all buyers currently looking to purchase a home, MUST sign a "Buyer Representation Agreement"- prior to walking into a property.

✅ JUST SHOW ME THE HOUSE!!
Starting August 17th, NO REALTOR will be able to unlock a door without you first signing the agreement 🤯 This will be non-negotiable for any person with a Realtor designation.

✅ Wait…WHAT DO I HAVE TO SIGN??
The agreement between buyer and Realtor is a Buyers Representation Agreement, the contract between you and that realtor stating you will be using them to buy a home and breaking down the roles, duties and responsibilities owed to you by your agent etc. This form also spells out what broker commission are to be paid by you and/or the seller. Whatever commission is on this agreement is the MAXIMUM commission your broker/agent can receive out of the transaction.

✅ I HAVE TO PAY COMMISSION?
Well yes…but actually maybe no… 🤔
With the new NAR ruling going into effect, advertising cooperating broker and buyer broker commissions will now be BANNED on the MLS.
So, now when your agent shows you a home, they may likely not have any idea if they are going to get paid from the transaction. Commissions are always negotiable of course, and there are a number of ways your agent can get paid. By the seller either in the form of direct compensation to Buyer brokerage or as a form of concession/credit to buyer. In some cases, the buyer will be paying the commission for their agent out of pocket and this will be spelled out in the buyer's representation agreement.

✅ HIRE A PROFESSIONAL AGENT
Selecting an agent when buying a home is an important decision.
August 17th is approaching a lot of changes will happen behind-the-scenes. This new rule with a buyer representation agreement is just one facet of the NAR ruling which will change the landscape of how real estate is sold in the United States. 🇱🇷

✅ ALIGNMENT & COMMUNICATION
Now, more so than ever, aligning yourself with a full-time professional realtor will be vitally important for the success of your home purchase.

256-636-1547
Katherine Duke
Lake and Coast Lake and Coast Real Estate

06/24/2023

Anyone else every gotten this?

03/20/2023

Hey all my Smith Lake peeps, I’m still very much affiliated with the lake even though I moved to Gulf Shores/Orange Beach for our first “coast” office. Call me if you’re looking to buy or sell and we will take care of you!

10/16/2022

So much fun at Spook the Lake

08/25/2022

Taking down my Happy Homes page, another bitter sweet action. I am in the process of moving to Gulf Shores with Lake and Coast Real Estate Co. If you are looking to buy or sell in the Cullman area, please do yourself a favor and call one of the great agents at Happy Homes Real Estate. They will always be family to me. I have absolutely loved Wes Warren as my broker since 2016, he has taught me so much and will forever be one of my favorite people/friends! (256) 737-3050. I have always called Wes Warren , he laughs but it is true! Will forever love you guys!

07/19/2021

Great waterfront lot on beautiful Lake Catoma! Call me to see this one 256-636-1547!

from mls: GREAT LAKE LOT IN RESTRICTED SUBDIVISION ON BEAUTIFUL LAKE CATOMA! THIS LOT IS READY FOR YOU TO BUILD YOUR DREAM HOME! THIS LOT IS IN CITY LIMITS OF CULLMAN AND CONVENIENT TO 1-65!

02/06/2021

Call me today to see this one! Price reduced to $123,900!
Happy Homes Real Estate
MLS 106422
(256) 636-1547

View 9 photos of this 3 bed, 1 bath, 1056 sqft. single family home located at 181 Henry Dr, Cullman, AL, 35057 on sale now for $123900.

01/20/2021

Cute starter home in great location! Call me today to see this one!
(256) 636-1547
MLS 106422
Happy Homes Real Estate

View 9 photos of this 3 bed, 1 bath, 1056 sqft. single family home located at 181 Henry Dr, Cullman, AL, 35057 on sale now for $123900.

01/20/2021

Cute starter home is great locations! Call me to see this one today!
(256) 636-1547

MLS 106422

View 9 photos of this 3 bed, 1 bath, 1056 sqft. single family home located at 181 Henry Dr, Cullman, AL, 35057 on sale now for $123900.

12/31/2020

Call me to see this new listing today!!!
MLS 106374