AUGUST 2024 AREI NEWS : simplebooklet.com

Message CLICK FOR VIDEO6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233“What is your commission?”We get that question a lot - mostly from Sellers whowere the ones traditionally negotiating the Brokeragefees -- as the costs to market their property for salealways began with the “Seller”. But now, Buyers will haveto have this discussion with Brokers and their agents dueto the new National laws stemming from the “NARSettlement”. NAR, or the National Association ofRealtors which is the governing entity for Realtors.More on page 8UPDATESTATS DON’T LIEMARKETWant to see recent DATA? Click the link below to see ourrecent MARKET UPDATE on YouTube. Page 10 also has more graphs &links to other sources ofinformtion & statistics.ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233PG. 2 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24Featured PropertiesFeatured PropertiesFeatured PropertiesClick image for details!4 Bedrooms / 2 BathroomsSingle Family Home1,650+ Heated Square FeetRoof replaced 2019Minutes to downtown & beaches1736 W. Manor Ave, Clearwater $385,000$385,000$359,000$359,0009332 Beaufort Ct., New Port Richey3 Bedrooms / 2 BathroomsSingle Family HomeDen/Open Plan/Fenced YardRoof replaced 2024Gated neighborhood with amenities!$225,000$225,0004323 Sussex St., Holiday2 Bedrooms / 2 BathroomsVilla (not a condo)Large screened lanaiFenced yardLow HOA fees - Community Pool$178,000$178,0007704 Hillside Ct. #104, Hudson2 Bedrooms / 2 BathroomsOne-level CondominiumNew Kitchen!55+ Active Adult CommunityLow HOA fees - Pet Friendly

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233FEATURED MORTGAGE PARTNERMike Neill - Fidelity Mortgage Loans, Inc.PREFERRED HOME INSPECTION PARTNERPG. 3 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24(813)892-8666CLICK HEREfor more info, payment calculatoror to start the application process.Mike is a Navy Veteran and has been involved inlending for over a decade. His specialties includeserving veterans, first time home buyers, andself-employed business owners. A South Floridanative, Mike made his way to the Tampa area tostart and raise his family after his militaryservice. He is married to his wife, Kelly, and theyhave 3 kids, Preston, Brady, and Aubrey alongwith their dog, Dapper. Mike considers it anhonor to be a part of his client's home buying orrefinancing journey. He is happy to answer anyand all mortgage related questions. Feel free tocall or text him at the number below..CLICK MAGNIFYING GLASS LOGO FOR LINK TO THEIR WEBSITE

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233WE ARE A FULL SERVICE BROKERAGEWE ARE A FULL SERVICE BROKERAGEWE ARE A FULL SERVICE BROKERAGEPG. 5 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24CLICK TO SEARCH MORE HOMES AT www.ArtisanRealEstateFL.comAVAILABLE TO LEASE!5557 Sea Forest Dr. #216, New Port RicheyFurnished ANNUAL rentalWater & pool views2nd Floor w/balconyCovered parking, lower levelLaundry room in unitOver 1,300 s/fNo Pets/SmokingPrivate marina2 heated pools, tennis,rec center and morePrivate beach membershipincluded!$1,995 per monthCLICK FOR DETAILS!

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233SUSAN ROSULEKPG. 6 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24JACKIE SCHMIDTMEET OUR AGENTSSIDNEY FREEDBorn in Destin, TexasAlso lived in Arkansas, Oklahoma & the FL KeysLicensed in real estate since 1995KIDS: 2 - John & TaylorPETS: 1 dog - Mickey the Australian ShephardFAVORITE PASTIME: Camping with familyFAVORITE RESTAURANT: Happy Cactus, DunedinSTRENGTHS IN REAL ESTATE: Helping Buyers find the perfecthome, luxury properties, and waterfront homesBorn in Darwen, EnglandAlso lived in Germany, France, Belize & New MexicoOTHER FLUENT LANGUAGES: German, FrenchLicensed in real estate since 2016KIDS: 3 - Ashley, Allison & AlexPETS: 3 dogs, 1 cat, 1 bird & fish (all are friends)FAVORITE PASTIMES: Travel, cooking & readingFAVORITE RESTAURANT: Ulele, TampaSTRENGTHS IN REAL ESTATE: Working with Sellers,negotiation expertise, and adept at solving problemsBorn in ColoradoAlso has lived in OH, VA, KY, TNLicensed in real estate since 2021KIDS: 2 - Adam (21) & Abby (18)PETS: 1 dog -Tyruss; 3 cats - Mindy, Socks & ZeekFAVORITE PASTIMES: Beachtime, camping & travelFAVORITE RESTAURANT: Anywhere on the waterSTRENGTHS IN REAL ESTATE: Working with 1st-timehomebuyers, contract-to-close details & property mgmt.CLICK THE AGENTS IMAGE TO VIEW THEIR WEBSITE & OBTAIN CONTACT INFO

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233ESTHER DIBESCEGLIPG. 7 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24JENNIFER HELTONBorn in Greeley, ColoradoLived 33 years in NE, 18 years in NC, 10+ years in FLLicensed in real estate since 1991PETS: 2 dogs, 2 cats, 1 bird & some Cichlid / Beta fishFAVORITE PASTIME: anything creative (art background)FAVORITE CUISINE/FOOD: Indian cuisine & sushiREAL ESTATE BIZ STRENGTHS: Contract & tech geek,coaching & training, back office operations, newconstruction expertise & a knack for detailsANGELICA BARBOSAMEET OUR AGENTSBorn in Queens, New YorkLived New York and FloridaLicensed in real estate since 2022KIDS: 1 daughter age 30; 1 son age 24PETS: 2 dogs - a Corgi mix and a purebred CorgiFAVORITE PASTIME: Working OutFAVORITE CUISINE/FOOD: ItalianFAVORITE RESTAURANT: Argentos, Port RicheySTRENGTHS IN REAL ESTATE: Property Mgmt (LCAM licensed), condo expertise & contract to close Born in Rio de Janeiro, BrazilAlso lived in Vienna, Austria (US Citizen 2005)Fluent in Portuguese & conversational German & SpanishLicensed in real estate since 2011KIDS: Marcos & Anna, 1 granddaughter, EleniFAVORITE PASTIMES: Spending time with family & pilatesFAVORITE RESTAURANTS: Discovery India, Palm HarborSTRENGTHS IN REAL ESTATE: Working withprobate/estate customers, distressed/REO properties andproficient at transactional detailsCLICK THE AGENTS IMAGE TO VIEW THEIR WEBSITE & OBTAIN CONTACT INFO

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(Continued from page 1)“How will the NAR ruling affect me, the consumer?”We have compiled some concise bullet points that will help answer that question.FIRST - UNDERSTANDING THE ROLE OF REAL ESTATE AGENTS:Real Estate Licenses in Florida:Salesperson License: Entry-level, requiring passing the Florida State Real EstateSalesperson Exam. Works under the guidance and oversight of a “Broker”.Broker License: Advanced licensure, allowing one to operate independently orunder another broker as a Broker Associate. Agent Compensation:Agents are self-employed, earning income from successful transactions. Theycover their own business expenses, including taxes, their automobile expenses,insurance, and membership fees.Compensation is split between brokers and their agents based on individualagreements.Professional Designation:Only agents who are members of the National Association of Realtors (NAR) cancall themselves "Realtors."Commission Structure:In a typical transaction, compensation is divided among four parties: listing broker,listing broker's agent, selling broker and selling broker’s agent. ALL BROKERCOMPENSATION HAS ALWAYS BEEN NEGOTIABLE!Franchises and independent brokerages may have different company policies andfee structures.THE IMPACT OF NEW COMMISSION LAWSThe changes are effective August 2024 and will affect ALL parties of the transaction.Sellers can opt out of paying buyer broker compensation offerings.1.Co-broker compensation will no longer be published on MLS (Multiple ListingService, exclusive to members)2.Compensation discussions must now occur upfront with buyers, similar to sellers.3.(continued pg. 9).6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233UPDATEMARKETPG. 8 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24

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(continued from pg. 8)PREPARE FOR THE CHANGESResponsibility for paying broker compensation may now involve buyers as well.Traditionally, sellers paid their listing broker a negotiated amount, and the brokerthen offered a portion to co-brokers working with buyers to attract them to theproperty. If the listing broker procured the buyer and was the only agent involvedin the transaction, they would receive all or a negotiated amount of thecompensation. Buyers were rarely part of these compensation discussions. Goingforward, both the seller and the buyer, as principal parties of the purchaseagreement, will have an equal role in discussing broker compensation.Buyers are now required to sign an agreement with a Realtor before schedulingprivate showing appointments. They should expect to discuss brokercompensation upon first contact. (Another option for viewing properties will bepublic Open Houses. That will be a great low pressure way to meet agents hostingthe houses in person and choosing an agent to work with from that opportunity.)It is recommended buyers interview multiple Realtors to find an educated, ethical,and professional agent who offers value for their services. You do not have towork with the first agent you meet or talk to.Ensure your agent explains the new rules and how they will guide you through theprocess. There is no mandatory training being enforced from NAR. ALL members ofNAR are required to comply to ALL rules.IMPORTANT! Look for Realtors who adapt to these changes withoutcompromising their service quality. Artisan Real Estate, Inc. has protocols inplace and fully comprehends the new rules and new forms from NAR, FREC (theFlorida Real Estate Commission, the local Realtor Organizations and Stellar MLS..6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233UPDATEMARKETPG. 9 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24At Artisan Real Estate, Inc., we offer the same tools, marketing, andbusiness systems as the national franchise brands while providingpersonalized, expert service. We are a woman owned, local, smallbusiness. Our agents receive individualized coaching and support,ensuring superior intelligence on contracts, complex negotiations, andreal estate law. We are committed to earning your business throughexceptional customer service and skilled transactional knowledge.Artisan Real Estate, Inc. – Home of Skilled Agents. So.......Why Choose Artisan Real Estate, Inc.?

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6611 US-19 Ste 214, New Port Richey, FL 34652artisanrealestate1@gmail.com727-339-3233PG. 10 - ARTISAN REAL ESTATE NEWS - VOL. 2 - AUG24STATS - DATA - GRAPHSPINELLAS REALTORS ORGANIZATION STATS PAGEGREATER TAMPA REALTORS STATS PAGECLICK THE LINKS BELOW TO BROWSE STATS FROM REPUTABLE SOURCESTODAYS’ TOPIC: LISTING INVENTORYLISTING INVENTORY NUMBERS INDICATESTRENGTH OR WEAKNESS in a realestate market. It also indicates who isbenefitting, Buyers or Sellers. This year, our listing inventory started goinghigher - which typically benefits Buyers --but if you look at the graph to the left, fromJanuary until now, it is almost level, rising abit in June and now softening. This is anindicator of a stabilizing market. No severeups or downs. Sellers are dealing withmore competition and Buyers have morechoices.Just a few years ago, our market had asimilar look and feel as now. At the end of2019 we were in a relatively balancedmarket. Then, when the pandemic showedup in March an distinct dip occurred.Sellers did not list their homes, and Buyerswere waiting with uncertainty. By the endof 2020, inventory was at an all-time low.The Sellers Market took off once thepandemic waned and 2021 prices rose fastwhen inventory was limited. Want to know more? Contact us to discussSelling or Buying today.2024202420202020Tampa Bay RegionTampa Bay Region