In March 2024, in response to a pending lawsuit judgment against them, the National Association of Realtors® released a set of proposed policy and practice changes that will reframe the relationship between real estate professionals and buyers. To be clear, the industry’s fiduciary commitment to the best interests of clients hasn’t changed, but the way agents and buyer clients formalize professional relationships will.
As a homebuyer, this proposed settlement means there will be some changes to your real estate experience:
As a homebuyer, these changes will require new, important conversations between you and your real estate professional. A buyer service agreement will formalize your agent’s fiduciary responsibility to you, further protecting your interests. It will allow the opportunity for real, transparent communication with your agent around compensation, offering you a clear understanding of the cost of services and how those services benefit you.
These conversations will ultimately set buyers up for greater success in their transactions. More buyers will start the home search process with a clear understanding of their strategy, how their agent will support them, and what it will take to get to the closing table.
Two major changes: First, compensation offers to buyer’s agents will no longer be displayed on the MLS, and the MLS won’t be allowed to facilitate commission cooperation between the buy and sell sides of transactions. Second, all buyers will be required to sign a buyer agreement with their agent outlining service terms, including commission requirements.
Yes. Luxury Presence has created a strategy guide for agents seeking advice on negotiating buy-side compensation. Get your copy of The Future of Buy-Side Compensation here.
The best agents have shifted their thinking from the top line to the bottom line. They're obsessed with the client experience. They're taking action very quickly to level up the technology in their businesses because they understand it's the only way to deliver strong profitability and a world-class client experience.
As my client, you can expect nothing but the highest level of service and counsel. I take my fiduciary commitment to you extremely seriously and believe that the best way to advocate for your best interests is through preparation. For each property my clients consider, I create a complete set of market research, potential pricing and offer strategies, contract negotiation tactics, and more.
Throughout the whole sale process, Loren was professional and made it a point to always be in contact with me for any questions I had and with any updates for the sale of my condo. She went above and beyond for me, securing an offer in a few weeks to achieve our discussed close of escrow time frame. Loren helped me buy my first home and sell my first home. I will happily and enthusiastically recommend her to any potential home buyers/sellers and continue to call her when my next home purchase opportunity arises!— Peter C.
As first-time home buyers, my fiancé and I are nervous about starting the home buying process. Loren was able to calm our nerves and helped us find the perfect home in just a few days! She was always wonderful about meeting with us to explain the entire process, guiding us step-by-step, and steering us through the heaps of paperwork. Loren is super knowledgeable and was available for us 24/7 when we had questions. On multiple occasions Loren went above and beyond, and you can clearly see she is passionate about her job. The entire home buying process was smooth, and we could not have had that without her. We would not hesitate to recommend Loren to ...— Matthew M.
Where do we begin? Our growing family was in need of more room. We loved our current home and struggled with the thought of selling. Loren walked us through the option of being landlords and the option of selling. She showed us properties that would allow for both scenarios. Her patience and knowledge were such a blessing and asset throughout our journey! She helped us find the perfect home, and when we made the difficult decision to sell our current home, she made the process as seamless as possible and helped us find the perfect buyer. We couldn’t be happier with our overall experience with the Loren Sánchez Team.— Roxanna G.
As a 24-year-old first-time home buyer, I was a little intimidated by the home-buying process, as I had no knowledge about it, and I even doubted whether it would be possible to accomplish. Loren never doubted us and proved to us that it IS possible to own a home at a young age. Loren explained everything thoroughly and in a way that we could understand and know what to expect. We expressed our needs and what we were comfortable with when it came to buying. Next thing you know, Loren had a list of homes for us to go see, and we were out viewing them the next day. Because Loren has such a good eye for potential homes for her buyers, we found "the one...— Cassandra F.
My husband and I were first-time home buyers and extremely hesitant to get into a mortgage. We met with Loren casually to start looking at some homes. Within a few weeks we were in escrow, and by March we had closed on our first house. We made one offer on our dream home, and we got our offer accepted. Loren walked us through every single step of the process, and when my anxiety levels were through the roof, she brought them back down. If you want to work with someone honest/knowledgeable/fair/friendly/a master negotiator/always calm/hilarious and just always available to answer your questions (even in the middle of the night, and while on vacation ...— Cynthia G.
As a 24-year-old first-time home buyer, I was a little intimidated by the home-buying process, as I had no knowledge about the process, and I even doubted whether it would be possible to accomplish. Loren never doubted us and proved to us that it is possible to own a home at a young age. Loren explained everything thoroughly and in a way that we could understand and know what to expect. We expressed our needs and what we were comfortable with when it came to buying. Next thing you know, Loren had a list of homes for us to go see, and we were out viewing them the next day. Because Loren has such a good eye for potential homes for her buyers, we found...— Buyer
Beyond knowledgeable in real estate. Writes amazing offers that cannot be denied by the sellers. She's honestly a gift from God as she fights for you to get the home of your dreams. She always keeps you informed of every step and is constantly communicating with you. If she doesn't know something, she will investigate, ask, and find out. She goes above and beyond for her clients. She will forever be our real estate agent to purchase and sell.— Buyer
Loren Sanchez is the best real estate agent I have ever dealt with. She is professional, great at obtaining any and all information needed to sell or buy a home, and extremely personable as well. I have been in the San Diego area since 1970 and have bought and sold several homes and used several agents, and now I will always use Loren for any transaction. My wife and I have been very impressed with her knowledge and energy she applies to her job. I would highly recommend this up-and-coming star in the real estate business to all who seek to buy or sell any real estate.— Buyer
"Trustworthy," "professional," "reliable," "knowledgeable," and "honest" are some words that come to mind when I think of my experience with Loren Sanchez. My boyfriend and I were VA loan first-time home buyers and really had no knowledge/background on the real estate/escrow/closing process. Literally Loren took us by the hand and guided us through the process step by step. If we knew it was this easy to go through a 21-day escrow and close on our beautiful townhouse, we would have done this sooner. If you're looking for a real estate agent who is on your side, whom you can count on, and who responds quickly to texts/calls/emails, Loren is your gal....— Maria T.
Loren went above and beyond to help me buy my first house! As a first-time homebuyer, I had a lot of questions. She always took the time to answer each question thoroughly and made sure I was making the best decision for my future. She made the process as easy as it could be, and I never once felt lost in paperwork/numbers. She is an incredible agent, and I would highly recommend her to anyone looking to buy or sell a house.— Whit B.
Selling our home in Chula Vista, CA, with Loren was truly one of the best decisions we could have made. From the very first moment I contacted her, I felt more like I was speaking with family than with a realtor. Loren immediately understood our situation and supported us fully from start to finish, guiding us through every step of the process with professionalism and care. Her strategy was outstanding, not only in terms of pricing but also in the way she positioned and marketed the property. Loren has a very comprehensive marketing approach that combines strong social media exposure with exceptional visual presentation. She arranged beautiful stagi...— Tiffany A.
Loren and her team at The Loren Sanchez Group (LSG) deserve every ounce of accolade and gratitude that my wife and I could possibly provide. Selling a house is scary, and buying a house is scary, and if you listen to people and the world around you, it is easy to fall into every single negative trap as to why it is not possible or not the right time and that you should wait for the market to improve. These thoughts and ideas can be detrimental to the success of your goals and the growth of yourself and your family. But with Loren on your side, you quickly realize that all of that worry and concern means nothing. When you have the right team supporti...— Alex D.
When we first started working with Loren to find our home, she walked us through the entire home-buying process and gave us a clear idea of what to expect. Soon after, we began touring many different homes. Throughout each showing, Loren demonstrated deep knowledge and strong attention to detail, giving us valuable insight into what to look for in homes aside from the general. When we finally found a home we loved, Loren's strategy, negotiation skills, and expertise truly shined. Thanks to her guidance, our offer was accepted—even in a competitive multiple-offer situation. During escrow, Loren and her team provided a clear timeline of important date...— Steven A.
Loren has been a tremendous help with finding our home. As I was a first-time buyer, she has definitely kept an eye out for potential homes that suited our needs. She also had attention to detail while walking through homes with us, making our process very comfortable. I could not ask for better realtors than the Loren Sanchez Team! I highly recommend choosing to conduct business with her and will absolutely be giving my recommendation to other first-time buyers, military families, and more!— Liza D.
I had the best experience with Loren and her team. Being a first-time homebuyer, I had a lot of concerns and questions, but always felt heard. I appreciate Loren and Vanessa, who always explained each step of the process and sent weekly updates. I fell in love with my home the moment I saw it. Loren immediately started to get to work, and I trusted her expertise to submit an offer to make it mine! I can't thank her enough for working so hard for my family. It truly makes a difference who you work with. Loren and Vanessa, thank you. I am forever appreciative of you both.— Maritza T.
As first-time home buyers, my fiance and I are nervous about starting the home-buying process. Loren was able to calm our nerves and helped us find the perfect home in just a few days! She was always wonderful about meeting with us to explain the entire process, guiding us step-by-step, and steering us through the heaps of paperwork. Loren is super knowledgeable and was available for us 24/7 when we had questions. On multiple occasions Loren went above and beyond, and you can clearly see she is passionate about her job. The entire home buying process was smooth, and we could not have had that without her. We would not hesitate to recommend Loren to ...— Matthew M.
My oh my, Mrs. Loren Sanchez, where do I begin?! As first-time home buyers, my significant other and I had no idea what we were doing or anything about the process. We just showed up to a random open house just to get an idea of what we'd look for in a home and met Loren. She was so welcoming and informative we knew we just had to work with her! Any questions or worries, she'd answer and reassure us. She would literally do anything and everything for her client. Loren makes things happen! She was also so positive and had such a great outlook during house hunting. Not to mention we found our home and closed in LESS than 3 weeks! How crazy is that?! P...— Roberta P.
Loren is the best real estate agent we have ever worked with! In fact, we would never use anyone else. Her professionalism and knowledge of not only the area but also of construction, negotiation, and style is unparalleled. She went above and beyond. She anticipated needs and met them all with a smile on her face and expert advice. She was an absolute pleasure to work with and made the purchasing of our dream home seamless. She always has a big smile and a kind word. Loren is a joy to work with! We feel so blessed that she was our realtor!— Buyer
Loren and her team are the best. Friendly, professional, and knowledgeable with sprinkles of fun! Really appreciated home "shopping" with Loren; she pointed out pros and cons of homes and was super real with us, which is exactly what we were looking for in a realtor. There were no surprises. As first-time home buyers, we were both excited and nervous, but to our surprise, the whole home-buying process was so smooth it almost felt too good to be true when we got our keys! Forever thankful for Loren and the whole team!— Alexa A.
Loren coming into our journey was such a blessing! We've been trying to purchase a home since 2019; after different agents and lenders, and for multiple reasons, we gave up along the way. This time around, we turned to Loren with our absolute last hope of purchasing a home. It was the best choice we ever made. Since our first interaction with Loren, her experience and knowledge of the market have been inexplicable. Not only is she a badass at her job, but she also has a fantastic team behind her, along with a trustworthy lender. She is the full package! As first-time home buyers, we showered her with tons of questions and concerns; not once did she ...— Marlene M.
My husband and I had the pleasure of working with Loren to purchase our first home, and we can't recommend her highly enough! It was evident that Loren was incredibly knowledgeable of the industry/market and was committed to ensuring we felt comfortable throughout the process. Loren took the time to understand our needs and preferences, guiding us through each step with care. We were in a situation where we needed to move very quickly and only had 1.5 months to move out from our previous residence. We thought it was nearly impossible to find a home in that short timeframe, at least a home that we weren't forced to settle with. With Loren's expertise...— Raquel F.
Loren and her team were amazing, and we couldn't have asked for or prayed for a better team to work with as first-time homebuyers. I loved looking at houses with Loren because her attention to detail and knowledge of all the things was excellent. It wasn't just looking at "pretty" houses; she knew about structure, construction, workmanship, and more to help us make the best decision. We never felt like we were just another sale to her; she really cared about helping us find the right house and making smart decisions. She is my realtor for life.— Silvia C.
The current real estate market is overwhelming. As a first-time home buyer, there were plenty of real estate agents to choose from. Meeting with Loren for the first time, there was no doubt between my partner and me that she and her team were the right pick because of their attention to detail, personable personalities, and get-it-done attitudes. The buying process is guaranteed to have unexpected twists and turns, and our buying process was no different. However, Loren and her team were able to maneuver and eventually overcome all the obstacles that were thrown our way, including finding a home that was not on the MLS and securing the deal! We are ...— Brianna A.
Loren is the definition of going above and beyond. As a first-time home buyer, I had so many questions or concerns, and she and her team always took the time to explain everything, which was so appreciated. Her knowledge and professional relationships are unmatched. I'm so grateful to her and her team for getting me into my first home!— Jaycee C.
Had gone through so many obstacles with previous realtors and the feeling of discouragement, and it's never going to happen for us, then getting referred to Loren was a true blessing. Her outgoing personality and being so welcoming set all the stress to the side, knowing you are all in it together. The Loren Sanchez Group exceeds all expectations! My husband and I are so grateful for her and the team! We are first-time home buyers, and right before the holidays we are able to give our kids the house we've always wanted! Thank you, Loren, the best realtor anyone can ask for!— Lori H.
Loren was absolutely amazing! She didn't waste any time and kept me in the loop on all matters over the course of my home-buying process. Her diligence and transparency were very much appreciated! Being a first-time home buyer, I felt very much at ease and supported over the course of this journey. Loren provided me with everything I needed to make an informed decision. I'm truly grateful for her dedication and service.— Michael A.
Loren was referred to us by a friend of a friend who is a retired and highly regarded realtor in the Chula Vista-Bonita area. He said she is one of the best realtors he knew and recommended her with complete confidence to explore how to proceed with our mother's home after her passing in October. We did interview another very competent realtor, but we felt a distinct empathy and understanding from Loren. She understood the difficulty of letting go of a family home where memories had been made for over 45 years. This empathy came in to play many times over. As a former realtor myself, I was looking for someone who had a command of the market, was gre...— Carol N.
Loren Sanchez is the best. She made the whole process seamless in this crazy time. She is so great to work with. She gave 110 percent to my wife and me. She never gave up and always had our best interest in mind. She is a great negotiator and a strong, powerful woman to get the job done. Not only is she amazing. She is fun to be around and extremely patient. Her team is extremely helpful and helps the buyer/sellers on every step along the way. If you want the best agent and team in San Diego, you have to go with Loren Sanchez Reality.— Andrew G.
As a first-time homebuyer, it was definitely a blessing to work with Loren! Some of the highlights are 1) Scheduling: She went out of her way to schedule visiting homes around our work schedule. This is huge when you have such a busy schedule as us! 2) Reputation: it was evident from the start that she is a known realtor with lots of experience and a phenomenal reputation that precedes her. 3) educational and empowering: Loren does not "try to sell you a house." Instead, walking through a home, she educates you as to the things you should look for (cracks on corners, checking the date on the furnace, checking the electrical panel, finding permits fo...— Alex M.
I know a bunch of great realtors, but when it came time to list our home for the last 15 years, Loren was our choice. We interviewed 2 others and considered many more. Loren knew the neighborhood extremely well; she knew exactly what we would list for and what we would get. We ended up $70k over anything I ever expected. WOW. She knew the buyer's agent and had an excellent working relationship with her. She knew the buyer's lender. She knew exactly where our repair focus should go. The staging and photography almost made me feel guilty for selling. 5 stars all around! Strongly recommend.— Ian F.
We have kind of worked with Loren before, but she was representing the buyer's side for the house that we got. But when we decided to sell the house after a few months of renovation, she and her team made the transaction smooth sailing for me and my husband. We truly appreciate getting to work with her and her team and will not think twice of consulting her again when we buy our future home!— Karissa Camille O.
Since the moment we met Loren, we have been so excited to start the process of selling and buying. I can say that Loren knew exactly what she was doing. I was warned that it would be a roller-coaster of emotions once we started to look at homes to buy and they were all right, but Loren and her team were there every step of the way to see how my fiance and I were doing, what we were thinking, and what we wanted to move forward with. She fought hard for us, and in the end I can't even remember those houses we lost out on because ours was the one for us. I would not change my experience in being a first-time home buyer because of Loren. She gives it he...— Elsita B.
I usually don't write reviews for anything, but this is one of those times where I feel that it's worth sharing my overall experience with something. To say that Loren Sanchez and her team did an amazing job would be a huge understatement. I couldn't be happier with the entire process of selling my current home and finding my future one. From the very beginning everything was easy and professional and exceeded all of my expectations. The entire team made sure that my old home was in the perfect shape in order to attract potential buyers and to maximize the overall value. They did a great job of giving me suggestions on how my house should look in or...— Kamran A.
Where do we begin? Our growing family was in need of more room. We loved our current home and struggled with the thought of selling. Loren walked us through the option of being landlords and the option of selling. She showed us properties that would allow for both scenarios. Her patience and knowledge were such a blessing and asset throughout our journey! She helped us find the perfect home, and when we made the difficult decision to sell our current home, she made the process as seamless as possible and helped us find the perfect buyer. We couldn't be happier with our overall experience with the Loren Sanchez Team.— Roxanna G.
I am a first-time homebuyer, and Loren helped me through the process of purchasing a condo. Loren has considerable local knowledge of the South Bay, San Diego/Chula Vista, as she has lived in the community. Very responsive through phone/text to answer any questions when I had them and to be flexible around my work schedule. Overall the process went by swiftly and without any problems, and in a couple weeks I had keys to my new place.— Radomir A.
Loren was the 4th realtor I interviewed, but only by chance, as a friend referred her. All relators are enthusiastic and personable, and she was no exception. All of the realtors valued my property the same; one gave me a laundry list of repairs/upgrades, and two said to sell clean, but as is. Loren advised that painting and staging were not good ideas and were a necessity to get the highest value. However, unlike other realtors, she offered to take care of it for me as part of her service. Not only did she get the outside property and yard in shape, but she also painted and facilitated carpet installation, as well as staged the house, which made it...— Sally S.
Lisa and Andrea made the experience of selling our first house and purchasing a new one great. They were very professional. The buying and selling moved very fast too. My family is grateful to these two beautiful ladies.— Buyer & Seller
Lisa is the best! She is so upbeat, easygoing, and truly makes you feel like she's always fighting to get you the best possible deal. Her communication is excellent, and she's always there to answer questions and keep you informed throughout the process. We've been working with Lisa for years, and every experience has been positive. She's knowledgeable, trustworthy, and genuinely cares about her clients. We highly recommend Lisa to anyone looking for a realtor who will go above and beyond!— Buyer
Luis did an amazing job in the process of selling/purchasing for me and my family. He kept us in the loop on everything and had great contacts for anything we needed. He is a hard worker, and it shows in how he carries himself throughout the transactions! Great job, Luis!— Buyer
Luis was super helpful and great to work with throughout the entire process can't recommend him enough definitely the best realtor in all of San Diego. He was quick, efficient, and just overall very helpful, especially for me, as it is my first time buying a home. I am very grateful for the help and experience of working with him and will definitely be recommending him to my friends when they look to buy or sell. He came recommended by a friend, and I am extremely grateful I was put in touch with him all around 10/10 experience.— Buyer
Working with Eric made our experience effortless and amazing. I truly feel like my wife and I got so lucky in connecting with him and allowing him to guide us through the home buying process. We were terrified, confused , happy , excited, nervous and just overall unsure when we got the call that our offer was accepted. I’ve heard horror stories of the house buying process and after working with Eric and team, I can look back and say, “What was everybody so worried about?” I now know that we were just working with an expert in the field and somebody that went above and beyond to make it the easiest process possible for us first time home buyers. I’m ...— Buyer
Absolutely Outstanding Service! My husband and I had an incredible experience working with our realtors (Leslie, Luis, and Angelo Peraza) “for the 3rd time” from Peraza Real Estate & Associates. From start to finish, they were professional, knowledgeable, and genuinely cared about helping my husband and I find the perfect investment home. They were always available to answer questions, provide guidance, and make the entire process smooth and stress-free. What really stood out was their attention to detail and dedication to making sure we felt confident every step of the way. Whether it was negotiating, handling paperwork, or just keeping us updated,...— Buyer & Seller
I can’t say enough great things about Lisa Morgan and her work. I have known Lisa for years and I keep coming back to her because she is absolutely amazing at what she does. She has sold two properties for me over the years. The first was easy because of the way the market was at the time. The 2nd property was quite a challenge not just because the market was going through a crazy time, but it was quite a complicated sale for a few reasons. Then just last month it was time for me to finally buy again and she was so patient and helpful throughout the entire process. From the time I sold until I purchased again was just over a year and we remained in ...— Buyer & Seller
I worked with Denise Gomez during the escrow process of preparing a home for purchase, and she was fantastic. Denise is professional, attentive, and truly dedicated to making sure everything goes smoothly. I would not hesitate to use her in the future and highly recommend her to anyone looking for a trustworthy agent.— Buyer
Alexandra did an excellent job buying my condo and subsequently selling my house. I trusted her in both transactions because of her full knowledge of real estate. She has done above and beyond in helping me. Will recommend her to any seller or buyer.— Pauline V.
Cady was so helpful during this process. After building a rapport with us, she was able to give us several options to match our preferences. She was very genuine and provided lots of information about the houses we toured. Overall, I really felt I was in the best hands with Cady.— Buyer
Krystal is a superstar! She’s knowledgeable, helpful, responsive, and above all else: just an all-around great person. She really is in your corner every step of the way, and her expertise was invaluable to me and my fiancee as first time homebuyers. Can’t recommend her enough!— Jillian S.
Jose is very committed and professional. Punctual and will always go above and beyond. Jose was very patient as my husband and I took a house-hunting break due to the instability in the market. Jose made sure to keep us posted and educated us on both the good and the bad of the housing market, allowing us to make the best decision for our family.— Buyer
Completely satisfied! Jose, our agent, was very professional and knowledgeable about our home purchase, very patient with us, always showing us listings daily, and always very prompt in getting back to us with answers to our questions. We highly recommend Jose to any of my family members or friends who are in the market for a house. Thank you, Jose, for the great job! Happy home buying.— Buyer
Jose did an amazing job in helping my family and I find our new home! Very responsive, quick, friendly, knowledgeable, and an outgoing person overall. Would definitely recommend my friends and family to Jose to assist in closing in on their future homes! He went above and beyond, never gave up, kept his patience, and continued helping my family and me search for our home during a super competitive market.— Buyer
Address
231 Third Avenue, Suite D Chula Vista, CA 91910 Loren Sanchez | CA DRE# 02002105 Finest City Homes & Loans | CA DRE# 01517238