State reminds buyers of new real estate law ahead of home buying season

Agency reminds Ohioans about recent legal changes that impact home buying process

COLUMBUS — Last spring and summer, more than 83,000 homes were sold across the state of Ohio, representing 63% of all 2024 sales. As the weather and the homebuying season heat up yet again, the Ohio Department of Commerce Division…

State reminds buyers of new real estate law ahead of home buying season

(WKBN) - As the spring buying season heats up, the Ohio Department of Commerce Division of Real Estate and Professional Licensing is reminding buyers about changes to the relationship with their real estate agent. The notice surrounds changes that came about last August when Ohio House Bill 466 went into effect, which requires buyer agents to have a written agency agreement in place, including details about compensation, before they can conduct …

A year after overhaul in regulations, local buyers agents’ commissions hold steady

Real estate agents in 32963 and across Indian River County who represent buyers are doing just about as well as they ever have, despite a shake-up in regulations last year that seemed to threaten their livelihood. A May 16 report from online real estate behemoth Redfin found that buyers agents’ income has stayed stable nationwide since the changes went into effect, and Vero realtors say the same is true here. “In our market, sellers see the need…