This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Monday, August 26th, 2024
 
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A significant change in the homebuying experience

BY ADAM DAIGLE | Staff writer​ ​ ​

Happy Monday, Acadiana Business newsletter readers. It's time for headlines. Let's get down to business. 

Last week the new law that took effect in Louisiana last week requires all homebuyers to have a written agreement with their real estate agent before they can look at a house. Before, no such agreement was needed.

The agreements can cover a one-time showing, or they can set up an exclusive relationship between the buyer and their broker over a period of time. The agreements also cover how much the buyer's broker will get paid, if it will be a flat fee or percentage of the sale price and who will pay it — the listing broker, the seller or the buyer.

"The Realtors just have to figure out how to follow the rules. For some people, it’s going to be easy," Keaty said.

You can read the story here.

Have a great day and thanks for reading. 

 
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