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April 2024 Newsletter
A Message from Matthew H. Maschler Real Estate Broker
The Sky is Falling! The National Association of Realtors Sold us Out!
Did the NAR Settlement Eliminate Real Estate Commissions?
No, the sky is not falling. On March 15, 2024 the National Association of Realtors (“NAR") settled a $5 Billion Buyer Broker Commission lawsuit brought by class action attorneys for $418 Million Dollars.
So what are the new rules? First, Buyers will negotiate commissions directly with their agents. Sellers can still pay the Buyer’s
Agent. Buyer’s Agents will be required to sign agreements with Buyers setting forth what they will charge. It will need to be an amount can not be open ended (like whatever the seller offers). And the Multiple Listing Service can no longer display an offer of compensation to the Buyer’s Agent.
Agents can no longer claim there is no cost to Buyers, unless they truly will not charge them.
If you want to know more about what I think I just recorded a podcast on the subject. Check out Episode 109 of the Real Estate Finder Podcast.
https://www.realestatefinder.com/real-estate-finder-podcast/
It may take a few hours to upload because I just recorded it, so if it is not there just wait a few minutes and then go back to the site.
In this Episode we break it down. First we discuss how commissions work currently and who pays the commission. We talk about how these rules will work in the future, both in the short and long term.
Thank you for taking the time to read my newsletter. I really enjoy creating it. If you have any real estate questions I can answer or comments about the newsletter or podcast please email me at sales@realestatefinder.com
And remember, this weekend April 6th and 7th Wrestlemania 40 will take place in Philadelphia. You can watch it on Peacock.
Julissa Caballero
A proud resident of Boca Raton for 45 years, Julissa has witnessed the region's remarkable growth firsthand. Now, she is leveraging her extensive
knowledge of Palm Beach County to assist her business and personal contacts in finding the property of their dreams in the vibrant real estate market.
In choosing her brokerage, Julissa sought a company that mirrored her values of innovation, excellence, and client service. It was evident that Signature Real Estate Finder stood out from the rest. Renowned for their forwardthinking approach to technology and their unmatched services for both realtors and clients, Signature was the clear choice. Excited to be a part of the Signature Real Estate Finder team under the leadership of Matthew Maschler, Julissa is eager to learn from the best in the industry "A Team"!!
During her free time, Julissa enjoys traveling to new destinations, immersing herself in different cultures, and savoring the diverse culinary scenes of each country she visits. In addition to her love for travel, Julissa has recently taken up the sport of golf. On weekends, you can often find her enjoying a round of golf, particularly on par 3 courses.
Julissa is also deeply involved in the vibrant social scene of Palm Beach County, frequently attending, social events, exclusive wine tastings and philanthropic events. Julissa is dedicated to making meaningful connections within her community.
Julissa Caballero, REALTOR®
Signature Real Estate Finder, LLC (561) 859-5073
Julissa@RealEstateFinder.com
Ask Matt
Dear Matt,
I heard on the news that the National Association of Realtors can no longer force a Seller to pay for the Buyer’s agent, does this mean Agent commissions will go down?
Yours Truly,
A Seller
Dear Seller,
No. There is a lot of misinformation on the news and internet. First off, the National Association of Realtors never set commissions or forced a Seller to pay the Buyer’s agent.
All real estate commissions are, and have always been negotiable.
Traditionally, the Listing Agent would offer a share of his or her commissions to the Buyer’s Agent. This can (and probably will) continue. The ONLY difference is that this “Offer of Compensation” can no longer be displayed on the Multiple Listing Service. Realtors will still be able to advertise the “Offer of Compensation” anywhere else they like.
In addition, Buyers will be required to sign a representation agreement with their agent, setting out what their compensation will be.
Regards, Matt
Located in Boca Raton, just west of Lyons Road, Aunt Lulu’s was born from the tradition of classic Italian family recipes passed down from generation to generation
I was so excited when I saw them recently featured by Dave Portnoy of Barstool Sports on an episode of One Bite that I just had to feature them in this month’s newsletter.
They are open for lunch and dinner 7 days a week. If you go, tell them Matt said hi!
19785 Hampton Drive West Boca, FL 33498 www.AuntLuLusPizza.com 561-245-7011
HOT LISTINGS!
THE OAKS AT BOCA RATON
$1,999,999
Contemporary & Tranquil Estate Home 5BR / 4.1BA
Contact Jill Glanzer (561) 208-3334
Jill@RealEstateFinder.com
CAMBRIA PARK
$544,900
Lakefront Townhome w/ Gorgeous Upgrades 3BR / 3BA
Contact Jill Glanzer (561) 208-3334
Jill@RealEstateFinder.com
BOCA CASA
$596,000
Beautiful Townhouse w/ 2Car Garage Nestled in the Heart of a Charming Neighborhood. 3BR / 2BA
Contact Michelle Martinez 561-901-5412
Michelle@RealEstateFinder.com
ISLAND CLUB
$499,999
Renovated Waterfront Unit w/ Deeded Dock 2BR / 2BA
Contact Adelina Provenzano (561) 702-0406
Adelina@RealEstateFinder.com
VALENCIA COVE
$1,150,000
Open Floor Plan w/ Beautiful Finishes 4BR / 3BA
Contact Jill Glanzer (561) 208-3334
Jill@RealEstateFinder.com
UNIVERSITY PARK
$779,900
Central Boca Raton Pool Home on a Corner Lot 4BR / 2BA
Contact Staci Garcia (561) 239-1449
Staci@RealEstateFinder.com
MILLPOND
$895,000
Beautiful Home with Pool on A Huge .38 Acre Pie-Shaped Cul-De-Sac Lot in One of Central Boca Raton's Most Sought After Neighborhoods. 3BR / 2BA
Contact Jill Glanzer (561) 208-3334
Jill@RealEstateFinder.com
Woodfield Country Club
$12,900 Monthly Rent
This exquisite property features a spacious 3-bedroom layout plus a versatile loft, creating a perfect balance of sophistication and comfort 3BR / 3BA
Contact Jill Glanzer (561) 208-3334
Jill@RealEstateFinder.com
Prestigious Airpark Community in Delray Beach
If you are an airplane enthusiast, a pilot, a horse lover - or simply just enjoy your privacy - then this is the opportunity to make your dreams a reality.
Antiquers Aerodrome is a unique community of Custom built homes that combines the prestige of living in Delray Beach, the privacy of large lot sizes (over 2 acres), the convenience of having your own private airpark and the luxury of living in a horse-friendly community.
This gated neighborhood is comprised of only 35 homes.
Each home here at Antiquers Aerodrome sits on a 2.33 acre lot, ensuring privacy and tranquility for each homeowner.
The private grass airstrip is 5,500 feet with a 600 foot approach. It also offers dusk to dawn lighting for the convenience of the fly-in homeowners.
Nearly all of the residences here at the Antiquers Aerodrome have their own private hangar that not only houses the owner's private plane, but also provides ample room for boats, ATV's, RV's, collectible cars and more. photo courtesy of Palm Beach County Property Appraiser
The Antiquers Aerodrome community is located east of Florida's Turnpike between Atlantic Avenue and Lake Ida Road. Its gated entrance is found on Hagen Ranch Road. Antiquers Aerodrome is just minutes away from downtown Delray's vibrant shopping and dining district. Imagine attending art festivals or outdoor music events, strolling the avenue and browsing through fine art galleries, enjoying miles of fine dining and casual eateries or simply window shopping.
You are less than 10 miles away from the beach and are minutes away from a great
number of public and private golf courses as well. No matter if you like to fish, swim, shop, ride, fly, or simply enjoy Florida's tropical weather - you can easily do so here in beautiful Palm Beach county.
7194 Skyline Drive Delray Beach, FL 33446
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Tim Snow and Matthew Maschler at Yard House for the George Snow Scholarship Foundation FAU Game Watch Party
Preston Smith at the Lynn University Career Fair
Lily Glanzer, Judith LeComte (Signature International Real Estate), Jill Glanzer, Josh Glanzer, and Dylan Glanzer enjoying a family vacation in the Keys
AnnMarie Pezzola and Family enjoying a Family Dinner in Miami
Sara and Kevin Van Kirk enjoying a Ski Trip in Aspen
Julissa Caballero Celebrating International Women's Day with other Business Women at the Business Development Board of Palm Beach County Ladies Lunch at The Ben
PET OF THE MONTH
New agents AND experienced agents, I highly recommend listening to our podcast because we cover all sorts of topics that you will definitely find both interesting and entertaining, even when we weren’t trying to be funny or educational. Our experiences are extremely relatable and you might get insight into how to find your own solutions based on one of our episodes. Plus, we want to hear from you! Let us know what you want us to cover, explain, discuss or define. There are so many moving parts in real estate. It would take a decade to discuss everything. What do you find extremely rewarding in our industry? What is your pet peeve? Have you ever wanted to quit real estate? What kept you going? Let us know. Currently there have been 108 episodes of the podcast. And if you’re up for it, come on our show! We do have as much (probably more!) fun as it sounds like we are having. ~ Staci Garcia
Visit https://www.realestatefinder.com/real-estate-finder-podcast/ to get the latest insider information on market trends, and some of the tips, tricks, and techniques needed to make smart decisions and get the very best from this and any market! For additional questions or inquiries about the podcast please contact Staci Garcia
Join other Real Estate professionals. Support Israel & make a difference. Jewish National Fund Real Estate Division
ABOUT THE DIVISION
Join Jewish National Fund, the original real estate developers for the land of Israel, and this exclusive Division for Real Estate professionals. We invite leaders in real estate development, brokerage, real estate finance and law, construction, architecture, and hospitality to join us and invest in Jewish National Fund.
BENEFITS
• Enjoy invitations to influential, impactful, and exclusive philanthropic events and programs.
• Connect with like-minded professionals and network with influential colleagues.
• Join the annual JNF Real Estate Mission to Israel.
• Stay informed about JNF's work in Israel.
• Access to JNF's exclusive Real Estate online Referral Directory.
• Get involved with JNF's hands-on work on the ground in Israel.
• Participation in JNF's Major Donor Societies, based on giving level.
JOIN US
This exclusive group is for Real Estate professionals who make a minimum annual contribution of $1,800 to JNF's Campaign. For more information and to join us, email realestate@jnf.org.
Signature Real Estate Finder is looking for savvy, enthusiastic agents to join our team. If you know anyone who is interested in a career in Real Estate please let us know!
Want to get your Real Estate License? Check out www.SignatureRSVP.com and when asked "How did you hear about our Company/School” please select "Family/Friend" and enter my name "Matthew Maschler" when it asks "Who can we thank for the referral."
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