FAQs
Morgando Realty Services
Buyers
Sellers
Relocations
Investments
Do It Yourself
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Finances
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Referral Network
2024 Legal Rules
What are the best areas to buy a home in Florida?
Popular areas include Miami, Orlando, Tampa, Jacksonville, and Naples. However, the “best” area depends on your preferences, budget, and lifestyle. Consider factors like job opportunities, proximity to beaches, entertainment options, and cost of living.
How much do I need for a down payment on a house in Florida?
Down payment requirements vary, but typically range from 3% to 20% of the home’s purchase price. Some loan programs, like FHA loans, may allow down payments as low as 3.5%, while conventional loans often require 10-20%.
What are Florida's property taxes like compared to other states?
Florida’s property taxes are generally considered moderate. The average effective property tax rate is about 0.98%, which is lower than the national average. However, rates can vary significantly by county and municipality.
How do I protect my Florida home from hurricanes?
Key steps include installing impact-resistant windows and doors, reinforcing your roof, maintaining trees and landscaping, and purchasing adequate homeowners and flood insurance. Some areas may have specific building codes for hurricane protection.
What should I know about buying a condo in Florida?
When buying a condo, carefully review the association’s financial statements, rules, and regulations. Consider monthly HOA fees, special assessments, and any rental restrictions. Also, be aware that insurance costs for condos can be higher in coastal areas.
Do I need a real estate agent to buy a home in Florida?
While not legally required, working with a licensed real estate agent is highly recommended. They can provide valuable local market knowledge, negotiate on your behalf, and guide you through the complex process of home buying.
What's the difference between a homestead and non-homestead property in Florida?
A homestead property is your primary residence and qualifies for certain tax benefits and legal protections. Non-homestead properties, like vacation homes or investment properties, don’t receive these benefits and may be subject to higher property tax increases.
How long does the home buying process typically take in Florida?
The process usually takes 30-45 days from offer acceptance to closing, but can vary based on factors like financing, inspections, and whether it’s a cash purchase or mortgage-financed.
What additional costs should I budget for when buying a home in Florida?
Beyond the purchase price, budget for closing costs (typically 2-5% of the purchase price), property inspections, homeowners insurance, flood insurance (if required), and potential HOA fees.
Are there any special considerations for non-U.S. citizens buying property in Florida?
Non-U.S. citizens can purchase property in Florida. However, they may face different tax implications and may need to obtain a Tax Identification Number. Some mortgage lenders may have additional requirements or restrictions for non-citizen borrowers.
What's the best time to sell a home in Florida?
Generally, the peak selling season in Florida is from January to April when many snowbirds and tourists visit. However, Florida’s warm climate allows for year-round sales. The best time can vary based on local market conditions and your specific location within the state.
Do I need a real estate agent to sell my home in Florida?
While not legally required, a licensed real estate agent can be invaluable. They provide market expertise, handle negotiations, manage paperwork, and often help you get a better price. For-sale-by-owner is an option, but it requires significant time and knowledge of the process.
What documents do I need to sell my house in Florida?
Key documents include the property deed, recent tax bills, homeowners association documents (if applicable), property survey, home inspection reports, and a seller’s property disclosure form. Your real estate agent can provide a comprehensive list based on your specific situation.
How much are closing costs for sellers in Florida?
Sellers typically pay 5-10% of the home’s sale price in closing costs. This usually includes real estate commissions (5-6%), title insurance, property taxes, and other fees. The exact amount can vary based on your location and the terms of your sale.
Do I have to disclose problems with my Florida home to potential buyers?
Yes, Florida law requires sellers to disclose known defects that materially affect the property’s value and are not readily observable. This includes issues like roof leaks, termite damage, or sinkholes. It’s best to be upfront to avoid potential legal issues later.
How long does it typically take to sell a house in Florida?
On average, homes in Florida spend about 60-90 days on the market. However, this can vary significantly based on factors like location, price point, property condition, and current market conditions.
Do I need to make repairs or renovations before selling my Florida home?
While not always necessary, making key repairs and updates can increase your home’s appeal and potentially its sale price. Focus on items that will show up on a home inspection, like roof issues or outdated electrical systems. Cosmetic updates can also help, especially in competitive markets.
How do I price my Florida home competitively?
Pricing strategy is crucial. Research recent sales of similar homes in your area (comps), consider your home’s unique features and be aware of current market trends. A real estate agent can provide a Comparative Market Analysis to help you set the right price.
What tax implications should I be aware of when selling a home in Florida?
Florida doesn’t have a state income tax, but you may owe federal capital gains tax if your profit exceeds $250,000 (for single filers) or $500,000 (for married couples filing jointly), and you’ve lived in the home as your primary residence for at least two of the last five years. Consult a tax professional for advice on your specific situation.
How does selling a home in a flood zone affect the process?
If your home is in a flood zone, be prepared to provide information about flood insurance costs and any history of flooding. This can affect buyer interest and potentially the sale price. Ensure you have all relevant documentation about flood mitigation measures you’ve taken.
What relocation assistance services do you offer for clients buying a home in Florida?
Our comprehensive relocation services include personalized home search assistance, area orientation tours, school district information, moving coordination, temporary housing arrangements, and connections to local service providers. We tailor our services to meet your specific needs and ensure a smooth transition to your new Florida home.
How do you help clients unfamiliar with Florida choose the right area to live?
We conduct in-depth consultations to understand your lifestyle preferences, budget, and needs. Then, we provide detailed area guides, arrange neighborhood tours, and share local insights to help you make an informed decision. We can also connect you with current residents for authentic perspectives on different areas.
Can you assist with finding schools for my children?
Absolutely. We provide comprehensive information on local school districts, including public, private, and charter options. We can arrange school visits, provide performance data, and connect you with educational consultants if needed to ensure your children’s educational needs are met in your new location.
Do you offer job search assistance as part of your relocation services?
While we don’t directly provide job placement, we can connect you with local recruiters, provide information on major employers in the area, and offer insights into the local job market. We also have resources on remote work opportunities and co-working spaces in Florida.
How do you help clients manage the logistics of moving to Florida?
We coordinate with reputable moving companies, provide checklists for organizing your move, assist with utility setups, and can even help with pet relocation if needed. Our goal is to handle the details so you can focus on settling into your new home.
What support do you offer for international clients relocating to Florida?
For international clients, we provide guidance on visa requirements, connect you with immigration attorneys if needed, assist with opening U.S. bank accounts, explain differences in the U.S. real estate process, and offer cultural orientation to ease your transition to life in Florida.
Can you help with temporary housing if my new home isn't ready when I arrive?
Yes, we have partnerships with furnished apartment providers, extended-stay hotels, and short-term rental services. We can arrange temporary accommodations that suit your needs and budget, ensuring you have a comfortable place to stay until your new home is ready.
Do you offer any post-move support to help us settle into our new community?
Absolutely. Our post-move support includes providing a list of local service providers (doctors, dentists, mechanics, etc.), information on community events and activities, and introductions to social and professional networks. We’re here to help you feel at home in your new community.
How do you assist with the financial aspects of relocation, such as understanding Florida's cost of living?
We provide detailed cost-of-living comparisons between your current location and your new Florida home. This includes information on housing costs, utilities, taxes, insurance, and everyday expenses. We can also connect you with local financial advisors to discuss long-term financial planning in your new state.
What makes your relocation services unique compared to other real estate agencies?
Our relocation services stand out due to our personalized approach, extensive local knowledge, and comprehensive support throughout the entire moving process. We don’t just help you find a house; we help you build a life in Florida. Our team’s expertise in Florida real estate, combined with our network of vetted service providers, ensures a seamless relocation experience tailored to your unique needs.
What types of investment properties do you help clients purchase in Florida?
We assist with a wide range of investment properties including single-family homes, multi-family units, condos, vacation rentals, and commercial properties. Our expertise covers both residential and commercial real estate investments across various Florida markets.
How do you help investors identify profitable areas in Florida?
We conduct thorough market analysis using current data on property values, rental rates, occupancy trends, and economic indicators. We also provide insights on up-and-coming areas, tourist hotspots, and regions with strong job growth to help you make informed investment decisions.
Can you assist with estimating potential rental income for an investment property?
Absolutely. We use comparative market analysis, seasonal trends, and local economic factors to provide realistic rental income projections. We can also connect you with property management companies for more detailed operational cost estimates to help calculate potential ROI.
Do you provide guidance on Florida's landlord-tenant laws for investors?
Yes, we offer an overview of Florida’s landlord-tenant laws and can connect you with local legal experts for more detailed guidance. We cover key points like security deposit limits, lease requirements, and eviction processes to help you understand your rights and responsibilities as a landlord.
How do you assist foreign investors looking to buy property in Florida?
We guide foreign investors through the entire process, including explaining tax implications, connecting them with international tax experts, assisting with obtaining a Tax Identification Number, and navigating any restrictions on foreign ownership. We also provide insights on property management options for long-distance landlords.
Can you help with financing options for investment properties in Florida?
While we don’t provide direct financing, we have strong relationships with lenders who specialize in investment property mortgages. We can introduce you to these lenders and provide general information on financing options, including conventional loans, FHA loans for multi-unit properties, and commercial real estate loans.
What services do you offer for evaluating the condition of potential investment properties?
We coordinate professional home inspections, pest inspections, and specialized assessments (like structural or mold inspections) as needed. For older properties, we can arrange for contractors to provide renovation estimates to help you understand the total investment required.
How do you assist with property management for out-of-state investors?
We have a network of reputable property management companies across Florida. We can help you choose a property manager based on your specific needs, whether it’s for long-term rentals or vacation properties. We also offer guidance on self-management tools and strategies if you prefer a more hands-on approach.
Can you provide information on tax implications of owning investment property in Florida?
We offer general information on tax considerations for investment properties, including property taxes, income tax on rental income, and potential deductions. However, we always recommend consulting with a tax professional for personalized advice. We can refer you to tax experts who specialize in real estate investments.
How do you help investors understand and navigate HOA rules in Florida communities?
For properties within HOA communities, we obtain and review the HOA documents, including rules, regulations, and financials. We highlight any restrictions on rentals, explain fee structures, and discuss how HOA rules might impact your investment strategy. We ensure you have a clear understanding of the HOA landscape before making a purchase.
What specific services do you offer to For Sale By Owner (FSBO) sellers?
We offer a range of a la carte services for FSBO sellers, including guidance on pricing strategy, assistance with paperwork and contracts, advice on home preparation and staging, help with marketing materials, and support during negotiations. Our goal is to provide professional support while allowing you to maintain control of the sale process.
Can you help me price my home correctly without a full listing agreement?
Yes, we offer a Comparative Market Analysis (CMA) service for FSBO sellers. We’ll analyze recent sales of similar properties in your area, consider your home’s unique features, and provide you with a detailed report to help you set a competitive price. This service is available without any obligation to list with us.
What essential paperwork do I need to sell my home by owner, and can you help me with it?
The essential paperwork typically includes the property disclosure statement, purchase and sale agreement, and various disclosures required by Florida law. We can provide templates for these documents and offer guidance on how to complete them correctly. We also recommend having a real estate attorney review all documents before signing.
How can you assist me with marketing my FSBO property?
We offer marketing support services that can include professional photography, creation of property descriptions, design of flyers or brochures, and advice on online listing strategies. We can also guide you on how to effectively use social media and other online platforms to market your property.
Do you provide any assistance with home showings and open houses?
While we don’t conduct showings for FSBO properties, we can provide best practices for hosting successful open houses and private showings. This includes advice on home preparation, safety considerations, and effective follow-up strategies with potential buyers.
Can you help me understand and navigate offers from potential buyers?
Absolutely. We offer a service to review and explain offers you receive. We can help you understand the terms and conditions, identify potential red flags, and provide advice on how to respond or counter-offer. This can be crucial in ensuring you get the best possible deal.
What advice do you offer on negotiating with buyers as a FSBO seller?
We provide guidance on effective negotiation strategies tailored to your specific situation. This includes advice on how to handle multiple offers, when to counter-offer, and how to navigate common negotiation points like repairs, closing dates, and contingencies.
How can you help me ensure I'm complying with all legal requirements as a FSBO seller?
We offer a compliance review service where we check that you have all necessary disclosures and documents required by Florida law. We can also connect you with real estate attorneys for more complex legal questions. Remember, while we can guide you, for legal advice you should consult with a licensed attorney.
Do you provide any assistance during the closing process for FSBO sales?
Yes, we can guide you through the closing process, explaining each step and what to expect. We can help you understand the closing statement, advise on typical closing costs for sellers, and provide a checklist of items to prepare for closing day. We can also recommend title companies and closing agents if needed.
What if I start the FSBO process but later decide I want full representation?
If at any point you decide you’d prefer full representation, we can easily transition to a traditional listing agreement. There’s no obligation to do so, but the option is always available. We can discuss how this would work and what additional services would be included at that time.
Do you offer assistance in finding temporary rental properties for clients who are in the process of buying, selling, or building a home in Florida?
Yes, we provide comprehensive assistance to our clients in locating suitable temporary rental properties. We understand that the transition period during a real estate transaction can be challenging, and we’re here to help you find a comfortable temporary home that meets your needs.
What types of rental properties do you help clients find?
We assist in finding a wide range of rental properties to suit various needs and preferences. This includes apartments, condos, single-family homes, and even furnished short-term rentals. We tailor our search based on your specific requirements, budget, and desired location within Florida.
How long can I expect the rental assistance process to take?
The time frame can vary depending on your specific needs and the current rental market conditions. However, we typically can provide a selection of suitable rental options within 1-2 weeks. We work diligently to ensure you have a place to stay before you need to vacate your current property or arrive in Florida.
Can you help with rental negotiations and lease agreements?
Absolutely. Our team is experienced in rental negotiations and can help you secure favorable terms. We’ll review lease agreements to ensure they’re fair and protect your interests. While we can’t provide legal advice, we can recommend trusted real estate attorneys if you need specific legal guidance.
What if I need to extend my rental period due to delays in my property transaction?
We understand that real estate transactions can sometimes face unexpected delays. If you need to extend your rental period, we’ll work with you and the landlord to negotiate an extension whenever possible. If an extension isn’t feasible, we’ll help you find another suitable rental property to ensure you have continuous accommodation throughout your transaction process.
What are the typical down payment requirements for buying a house in Florida?
Down payment requirements in Florida can vary depending on the type of loan and your financial situation. Conventional loans typically require 5-20% down, while FHA loans may allow as little as 3.5% down. VA loans for eligible veterans may offer 0% down options. It’s best to consult with a mortgage professional to determine the best option for your situation.
Are there any special financing programs available for first-time homebuyers in Florida?
Yes, Florida offers several programs for first-time homebuyers, including the Florida Housing Finance Corporation’s First Time Homebuyer Program. This program provides down payment and closing cost assistance, as well as lower interest rates. Eligibility is based on factors such as income, credit score, and the property’s location.
What closing costs should I expect when buying or selling a house in Florida?
Closing costs in Florida typically range from 2-5% of the home’s purchase price. For buyers, these may include appraisal fees, title insurance, attorney fees, and prepaid property taxes. Sellers usually pay real estate commissions (5-6% of sale price) and may also cover some buyer’s closing costs as part of the negotiation.
How much does it typically cost to build a house in Florida?
The cost to build a house in Florida can vary widely depending on location, size, and materials. On average, you might expect to pay between $100 and $200 per square foot for new construction. This means a 2,000 square foot home could cost $200,000 to $400,000 to build, not including land costs. High-end or custom homes can cost significantly more.
What property taxes can I expect to pay in Florida?
Florida’s property tax rates vary by county and municipality. The average effective property tax rate in Florida is about 0.98%, which is lower than the national average. However, rates can range from about 0.5% to 1.5% depending on the location. Florida also offers a homestead exemption that can reduce taxable value for primary residences.
Are there any tax benefits to owning a home in Florida?
Yes, Florida offers several tax benefits for homeowners. These include the homestead exemption, which can reduce your home’s taxable value by up to $50,000. Florida also has no state income tax, which can be beneficial for overall financial planning. Mortgage interest and property taxes may be deductible on your federal income taxes if you itemize deductions.
How does Florida's insurance requirements affect my home financing?
Florida requires homeowners insurance, and due to the state’s vulnerability to hurricanes, wind damage insurance is often mandatory. Flood insurance may also be required in certain areas. These insurance requirements can significantly impact your monthly housing costs and should be factored into your budget when financing a home.
What should I know about financing a condo in Florida?
Financing a condo in Florida can be more complex than financing a single-family home. Lenders will consider the financial health of the condo association, the percentage of owner-occupied units, and any pending litigation. FHA and VA loans have strict requirements for condo approval. It’s important to work with a lender experienced in Florida condo financing.
Are there any specific financial considerations for foreign buyers purchasing property in Florida?
Foreign buyers may face higher down payment requirements, typically 30-50% of the purchase price. They may also encounter higher interest rates and stricter credit requirements. Some lenders specialize in foreign national mortgages. Foreign buyers should also be aware of potential tax implications, including the Foreign Investment in Real Property Tax Act (FIRPTA).
How can I financially prepare for unexpected costs when building a home in Florida?
When building a home in Florida, it’s wise to budget an additional 10-20% beyond the estimated construction costs for unexpected expenses. These might include upgrades, changes to plans, or unforeseen site preparation costs. Consider a construction-to-permanent loan, which converts to a traditional mortgage once building is complete, to help manage cash flow during the building process.
Why should I use a realtor when I'm already working directly with a home builder?
A realtor serves as your personal advocate throughout the building process. While builders have their own interests in mind, your realtor is solely focused on getting you the best deal, protecting your interests, and ensuring you make informed decisions. They bring valuable market knowledge, negotiation skills, and experience in dealing with builders to the table.
How can a realtor help me get the best deal on my new construction home?
Realtors have in-depth knowledge of the local market and current builder incentives. They can help you compare offerings from different builders, identify where there’s room for negotiation, and potentially secure upgrades or price reductions that you might not get on your own. Your realtor can also advise you on which upgrades are worth investing in for long-term value.
Can a realtor really negotiate with a builder? Don't builders have set prices?
While builders often have base prices, there’s usually room for negotiation, especially in upgrades, closing costs, or additional incentives. Realtors know what builders have offered other clients and can leverage this information. They’re experienced in negotiation tactics and can often secure better terms, whether it’s price reductions, free upgrades, or other concessions.
How does a realtor help me get the best interest rate when financing my new construction?
Realtors have extensive networks including multiple lenders and mortgage brokers. They can connect you with several financing options, potentially finding better rates and terms than the builder’s preferred lender offers. They’ll also help you understand the pros and cons of different financing options in the context of new construction.
What kinds of builder incentives should I be looking for, and how can a realtor help?
Common builder incentives include closing cost assistance, free upgrades, or buying down your interest rate. A realtor knows what incentives are standard in the current market and which builders are offering special promotions. They can help you evaluate these offers and potentially negotiate for additional incentives based on their market knowledge.
How does a realtor's expertise benefit me when reviewing the builder's contract?
Builder contracts can be complex and heavily favor the builder. Your realtor can review the contract, explain the terms in plain language, identify any red flags, and suggest additions or modifications to protect your interests. They’re familiar with standard builder contracts and can spot unusual or potentially problematic clauses.
Can a realtor help me choose the right lot within a new development?
Absolutely. Realtors understand how factors like lot location, size, and position can affect both your living experience and future resale value. They can help you evaluate different lots, considering aspects like sun exposure, proximity to amenities or busy streets, and potential future development plans that could impact your property.
How can a realtor assist with the home inspection process for a newly built home?
While new homes should be defect-free, inspections are still crucial. Your realtor can recommend experienced inspectors who know what to look for in new construction. They’ll help you understand the inspection report, advise on which issues to prioritize, and assist in negotiating with the builder to address any problems before closing.
What role does a realtor play in overseeing the construction process?
Your realtor can act as your representative during construction, conducting site visits, attending key meetings with the builder, and keeping you informed of progress. They know what questions to ask, can spot potential issues early, and will ensure that construction aligns with what was promised in your contract.
How can a realtor help ensure I'm not overpaying for my new construction home?
Realtors have access to comprehensive market data and can provide a comparative market analysis. This analysis compares your new home’s price to similar new and existing homes in the area, ensuring that you’re paying a fair market price. If the price seems inflated, your realtor can use this data in negotiations with the builder.
What types of service providers are included in your Florida referral network?
Our extensive referral network in Florida includes a wide range of professionals crucial to the real estate process:
- Mortgage brokers and financial advisors
- Home inspectors and appraisers
- Real estate attorneys
- Title companies
- Home insurance providers
- Contractors and home repair specialists
- Moving companies
- Landscapers and pool maintenance services
- Home staging experts
- Pest control services
- Property management companies
These vetted professionals can assist you whether you’re buying, selling, building, or maintaining a property in Florida.
How can your network of finance experts help me with my real estate transaction in Florida?
Our network of finance experts, including mortgage brokers and financial advisors, offer several benefits:
- They understand Florida’s unique real estate market and can help you navigate local financing options.
- They can provide insights on various mortgage products, including those specific to Florida like hurricane insurance requirements.
- They assist in securing competitive interest rates and favorable terms.
- They can help you understand and potentially access Florida-specific homebuyer assistance programs.
- They offer guidance on financial considerations unique to Florida, such as property tax implications and homestead exemptions.
How do you ensure the quality and reliability of the service providers in your network?
We maintain high standards for all providers in our network:
- Each provider undergoes a thorough vetting process, including verification of licenses and certifications.
- We regularly collect and review client feedback to ensure consistent quality of service.
- We maintain ongoing relationships with these providers, allowing us to address any issues promptly.
- We prioritize providers with extensive experience in Florida’s unique real estate landscape.
- Our network members are required to stay updated on Florida-specific regulations and best practices in their respective fields.
How does working with your service provider network benefit me compared to finding these services on my own?
Utilizing our network offers several advantages:
- Time-saving: We’ve already vetted these providers, saving you the effort of researching and comparing services.
- Local expertise: Our providers have specific experience with Florida’s real estate nuances and regulations.
- Coordinated service: We can help orchestrate multiple services seamlessly, streamlining your real estate process.
- Potential cost savings: Many providers offer competitive rates or special packages to our clients.
- Accountability: We serve as your advocate and can help resolve any issues with network providers.
- Comprehensive support: From pre-purchase to post-move, our network can support all aspects of your real estate journey in Florida.
What is the national legal settlement with the National Association of Realtors, and how does it affect Florida?
The settlement resulted from antitrust lawsuits against the NAR and led to significant changes in real estate practices nationwide, including in Florida. These changes aim to increase transparency, promote competition, and potentially reduce costs for consumers in the home buying and selling process.
How do the new rules affect the disclosure of real estate commissions in Florida?
Under the new rules, Florida realtors must now provide clearer and more upfront information about commissions. Buyers and sellers should expect to see more transparent breakdowns of commission structures, including how they’re split between agents. This increased transparency allows for more informed decisions and potentially more room for negotiation.
Will these changes affect the cost of buying or selling a home in Florida?
The new rules may lead to more competitive commission rates in Florida. With increased transparency and the ability to negotiate commissions more openly, some buyers and sellers might see reduced costs. However, the actual impact will vary depending on individual circumstances and market conditions.
How do the new rules change the role of buyer's agents in Florida real estate transactions?
The role of buyer’s agents in Florida remains important, but there are changes in how their services are presented and potentially compensated. Buyers now have more clarity about agent compensation and may have more flexibility in deciding how to work with and compensate their agents.
What changes should Florida home sellers expect when listing their property?
Florida home sellers should expect more detailed discussions about commission structures when listing their property. They may have more options in how they structure the compensation for both their listing agent and potential buyer’s agents. Sellers should also be prepared for more open negotiations about these fees.
How do these changes affect "pocket listings" or off-market property sales in Florida?
The new rules generally restrict the practice of “pocket listings” in Florida. Most properties marketed publicly must now be submitted to the Multiple Listing Service (MLS) within a short timeframe, typically one business day. This change aims to give all potential buyers fair access to information about available properties.
Will the new rules change how Florida buyers search for homes?
Florida buyers may notice increased accessibility to listing information. With stricter rules on off-market listings and more transparent data sharing, buyers might have access to a wider range of property information through various platforms, potentially making the home search process more comprehensive.
How do these changes impact real estate listings and the MLS in Florida?
The new rules emphasize greater accessibility and sharing of MLS data in Florida. This could lead to more comprehensive property listings being available to consumers through various channels, potentially making it easier for buyers to access detailed property information.
What new protections or benefits do these rules offer to Florida home buyers and sellers?
The new rules aim to provide Florida buyers and sellers with more information and choices. Benefits include increased transparency in commission structures, potentially more competitive pricing for real estate services, and broader access to property listings. These changes are designed to empower consumers to make more informed decisions.
How should Florida buyers and sellers prepare for these changes in their real estate transactions?
Florida buyers and sellers should be prepared to ask more questions about commission structures and agent compensation. They should also be ready to discuss these matters openly with their agents. It’s advisable to work with a realtor who is well-versed in these new rules to ensure compliance and to take full advantage of the increased transparency and negotiation possibilities.