Supporting Realtors and Homebuyers in Texas: The Hogan Homes Commitment

The real estate market is evolving, and with recent changes in commission laws, realtors and homebuyers face new challenges. At Hogan Homes, we’re here to guide you through these changes while continuing to offer value, like our 3% realtor commission, to ensure a smooth home-buying experience.

The real estate industry has seen significant changes recently, particularly with new laws that allow sellers to set their realtor commissions. Previously, these commissions were more standardized and had to be displayed on the MLS (Multiple Listing Service). Now, realtors may be wondering how these adjustments will impact their earnings, while homebuyers may feel uncertain about the process.

At Hogan Homes, we understand these concerns and want to reassure our realtor partners and potential homeowners looking for houses for sale in Rockport, Texas that we remain committed to providing continued value. That’s why we continue to offer a 3% realtor commission despite the law changes, ensuring local realtors can still count on predictable earnings when working with us. Let’s explore why this matters, how it benefits both realtors and homebuyers, and what to keep in mind during the home-buying journey.

Understanding the New Commission Law Changes

In August 2024, Texas real estate laws changed as part of a larger settlement involving the National Association of Realtors (NAR). The new rules offer sellers more flexibility in setting realtor commissions and remove the requirement to display these commissions on the MLS. These changes give sellers more freedom but can create uncertainty for realtors relying on standardized commission structures for their earnings.

A key update requires buyer agents to secure written agreements with their clients before showing homes. This agreement will clearly outline the services provided and the expected compensation, enhancing transparency by ensuring buyers know exactly what they are paying for and who is responsible for covering the fees. However, this also creates the need for buyers to negotiate commissions directly with their agents, which may add some complexity to the process.

These changes aim to increase fairness and competition in the market, but they also mean realtors and buyers need to adapt. At Hogan Homes, we continue offering a 3% commission to ensure our realtor partners have stability and clarity, despite these shifts in the industry. By continuing to offer a 3% commission to realtors, we ensure that our partners feel secure in their earnings and can focus on helping their clients find the perfect home.

What Does the 3% Commission Mean for Realtors?

Realtors play a vital role in the home-buying process. They guide clients through one of the most important purchases they will ever make, offering expert advice and ensuring the transaction goes smoothly. In return, realtors rely on commission earnings to support their livelihood.

With Hogan Homes, realtors can be confident that we offer a straightforward 3% commission, which means:

• Stability and predictability – Realtors won’t need to worry about changing commission rates or unclear payment terms. When you work with Hogan Homes, you’ll know exactly what you’re earning from the start.
• Focus on service – When compensation is clear and dependable, realtors can focus on what they do best – finding the right home for their clients and providing excellent customer service.
• Long-term partnerships – At Hogan Homes, we believe in building lasting relationships with our realtor partners. Our consistent commission structure helps build trust and collaboration, ensuring mutual success.

How Buyers Benefit from Working with Realtors

While some buyers might believe they can save by not using a realtor, the value of professional guidance is indispensable. Here’s how buyers benefit when they work with a realtor:

• Expert negotiation – Realtors are experts in negotiating on behalf of their clients, ensuring they secure the best deal possible. They are skilled at handling contracts and helping buyers avoid costly mistakes.
• Knowledge of local markets – A realtor’s expertise in the local housing market is essential. They know which neighborhoods are a good fit, understand property values, and can provide insights into future developments or market trends.
• Saving time and effort – Searching for a home can be time-consuming and overwhelming. Realtors handle much of the legwork, such as scheduling showings, handling paperwork, and communicating with sellers, saving buyers both time and stress.
• Access to Hogan Homes’ properties – Our Sales Counselors have firsthand access to our beautiful homes and communities. When you partner with us, you gain an inside look at our exclusive offerings.

Tips for Buyers Navigating the Home-Buying Process

Whether you’re buying your first home or your forever home, the process can be intimidating. To make it easier, here are a few tips to keep in mind:

• Set a budget – Before starting your home search, it’s important to know your budget. Factor in the cost of the home, closing costs, and any additional expenses such as moving or repairs.
• Work with a trusted realtor – They will guide you through the process, answer any questions, and ensure everything runs smoothly.
• Get pre-approved for a mortgage – Having a pre-approval letter shows sellers that you’re serious about buying. It also gives you a clear idea of how much home you can afford.
• Explore Hogan Homes’ communities – We offer a variety of beautiful homes in family-friendly communities. Take the time to visit our neighborhoods and see what makes them unique.

Why Hogan Homes Continues to Offer a 3% Realtor Commission

We recognize that buying a home is one of the biggest investments anyone can make, and having expert guidance is essential to making the process smooth. We believe in fairly compensating those who make this happen, which is why we continue to offer a 3% commission to our partners, even after the recent law changes. This reflects our commitment to supporting strong, lasting partnerships with local professionals.

By doing so, we create a win-win situation for both realtors and buyers:

• For Realtors – It ensures you can rely on stable earnings when working with us, helping you build a sustainable business.
• For Buyers – It guarantees you receive top-notch service from realtors who are motivated to find you the right home, knowing their efforts will be rewarded.

Adjusting to the changes in realtor commissions may feel overwhelming, but Hogan Homes is here to support both real estate professionals and buyers at every step. By continuing to offer a 3% commission, we reinforce our commitment to helping families and professionals succeed in today’s changing market.

If you’re a buyer or a realtor interested in learning more about Hogan Homes and our offerings, including houses for sale in Rockport, Texas, we invite you to explore our communities and see how we can help make your dream home a reality.

Sources:

“NAR says new MLS rules will take effect in August,” The Real Deal, https://therealdeal.com/national/2024/05/03/nar-says-new-mls-rules-go-into-effect-in-august/
“Why the New Real Estate Commission Law Passed in the U.S,” Big News Network, https://www.bignewsnetwork.com/news/274533833/why-the-new-real-estate-commission-law-passed-in-the-us
“The Carr Report: Breaking down the NAR Settlement…What buyers and sellers need to know,” Pittsburgh Courier, https://newpittsburghcourier.com/2024/09/04/the-carr-report-breaking-down-the-nar-settlement-what-buyers-and-sellers-need-to-know/