Maybe you've heard a headline or read an article about upcoming changes to how the real estate business is going to change starting in July 2024 - specifically how real estate agent commissions are going to be paid in the future. There are a lot of misleading headlines and talking points out there, so I want to share what this new change means.

This change stems from a lawsuit that was filed back in 2019 from home Sellers that were suing alleging that real estate agents were colluding and keeping commissions high by requiring Sellers to pay for the commission of an agent that represents a buyer. The fact is that real estate agent commissions have always been negotiable.

Nobody ever forced anyone to use a real estate agent - there is always someone…

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Hey, it's Andy with the Mandel Team and I'm here to bring you your March 2024 South Florida Housing Market Update.

As always, for the purposes of these videos, we're going to be talking about single family homes only in Boca Raton, Parkland, and Coral Springs. Those are the areas where our team does the predominant amount of our business. And when we talk about single family homes, we're talking about all ages, no country clubs. So no townhouses, no condos, no 55 and over communities, and no country clubs.

It's been a little bit since we've done one of these videos, so I just wanted to recap what happened in 2023 and where we think the market's going to go in 2024.

In 2023 prices were up 5%, on average, compared to 2022. That is a major…

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