Legal-Ease: What to expect at a real estate closing

Legal-Ease: What to expect at a real estate closing

When it comes to real estate transactions, a common word that is used is “closing.” Your Realtor might mention when executing the purchase agreement that “the closing will happen in a month” or that the “closing costs will be included in the purchase price.” But what should a buyer expect at a real estate closing? A real estate closing is technically the physical place and time where the sale and purchase of the real estate is finalized. It’s th…

What the Real Estate Commission Changes Mean for Homebuyers and Sellers

The National Association of Realtors (NAR) agreed to new rules around real estate agent commissions as part of a landmark lawsuit settlement in March 2024. The new rules rolled out in August — along with a deluge of confusion and conflicting predictions. One narrative predicts a utopia for homebuyers: A price war will erupt, and commissions will plunge amid a new wave of competition among buyers’ agents. A competing narrative goes in the opposit…