Realtor fees ?

[DWRAT]

You could talk to my agent

If I don't have to sign a contract I would love to.
There are some good deals coming.
This one just lowered the price $70K and it was already a fair deal for it's size.

https://www.realtor.com/realestateandhomes-detail/3730-Kiowa-Blvd-S_Lake-Havasu-City_AZ_86404_M27385-40721

 

[sdpm]

Flat fee

 

[Havasu blue label]

If I don't have to sign a contract I would love to.
There are some good deals coming.
This one just lowered the price $70K and it was already a fair deal for it's size.

https://www.realtor.com/realestateandhomes-detail/3730-Kiowa-Blvd-S_Lake-Havasu-City_AZ_86404_M27385-40721

Dm me

 

[DWRAT]

Dm me

Sent.

 

[SkyDirtWaterguy]

And remember, when looking for a house it’s like looking for a whore. You find one. Fall in love with it and the next day it’s gone. 2 minutes later another one shows up. When the right one comes along and it was meant to be it will happen.

 

[rivermobster]

That's what I am thinking but really didn't know for sure.

Did you notice the link that I quoted by any chance?

You might want to read the whole thing.

 

[EarpRider]

Does one really need a buyers agent? All the homes are online to look at. Call, make an appt and go look. Why do I need someone who know nothing about the home walking around with me with their hand out?

That's what I did with my Havasu house, then I offered $10,000 under asking, she excepted = Done deal, easy peasy.

 

[DWRAT]

Did you notice the link that I quoted by any chance?

You might want to read the whole thing.

I did 100%.
I even sent it to the realtor and was told that is not accurate when it comes to agents who are part of the MLS.

 

[NicPaus]

It's normal to sign a contract with a agent that is representing you as the Buyer. If a property you want to buy refuses to pay the buying agents commission move onto the next. With the market out there I highly doubt the sellers are stating they will not pay the buyers agents commission.

It's just a guarantee that the agent gets paid for there work. As the new way states the seller doesn't have to pay it. But I have not heard of any deals where the buyer ends up paying there agent on a purchase. The seller does.

 

[dnewps]

This whole thread is retarded. If your only choice was the sea of half ass moonlighting licensed realtors I understand going it alone even without much commission savings. However, professionals exist…and they are easily 2.5% better than yourself…even in the most extreme circumstances.

 

[rivermobster]

I did 100%.
I even sent it to the realtor and was told that is not accurate when it comes to agents who are part of the MLS.

State law is state law.

Now, can a business make their own policies? Of course they can!

It's Your Option to go along with them, or not.

This whole thread is retarded. If your only choice was the sea of half ass moonlighting licensed realtors I understand going it alone even without much commission savings. However, professionals exist…and they are easily 2.5% better than yourself…even in the most extreme circumstances.

Professional mechanics exist...

Yet, some people Choose to fix there own cars and build their own engines.

And, some people even fix their own boats!!!

Are you trying to insinuate, that only the chosen individual, is capable of learning how things work in this world?

And the rest of us are just lemmings that should follow blindly?

 

[DWRAT]

Dm me

I sent you a message, did you get it?

 

[dnewps]

State law is state law.

Now, can a business make their own policies? Of course they can!

It's Your Option to go along with them, or not.



Professional mechanics exist...

Yet, some people Choose to fix there own cars and build their own engines.

And, some people even fix their own boats!!!

Are you trying to insinuate, that only the chosen individual, is capable of learning how things work in this world?

And the rest of us are just lemmings that should follow blindly?

Great point! No I am certainly not saying that. My point is related to commissions savings (very little if any) and the underestimation of a professional’s ability and results. Instagram or a state license does not make a useful agent…don’t hire on that basis.

Furthermore, this midset is a uniquely CA thing due to the nanny laws. It’s Ironic considering that the seller pays by either cutting the check or lower price in lieu of.

There is a distinct reason that wealthy families have a real estate advisor….and it’s not because they didn’t have time to DIY.

 

[rivermobster]

Great point! No I am certainly not saying that. My point is related to commissions savings (very little if any) and the underestimation of a professional’s ability and results. Instagram or a state license does not make a useful agent…don’t hire on that basis.

Furthermore, this midset is a uniquely CA thing due to the nanny laws. It’s Ironic considering that the seller pays by either cutting the check or lower price in lieu of.

There is a distinct reason that wealthy families have a real estate advisor….and it’s not because they didn’t have time to DIY.

I posted the laws for AZ.

I would think CA would be different.

A financial advisor is one thing. It seems like most people on here have one! I do, and I'm certainly not a baller!

A real estate advisor? Probably a good idea if you're looking at buying a few shopping malls or commercial properties. But for a personal residence??

I think you're making a Much bigger deal about this, than it is.

Now granted, buying a personal residence is probably THE biggest financial decision Most of us will ever make! So being cautious is definitely a good thing.

Please take the RE class the agents take to get their license. Educate yourself. This way, you'll understand Exactly what you can, and can't do, yourself.

Asshats on forums, think they know everything!

 

[dnewps]

I posted the laws for AZ.

I would think CA would be different.

A financial advisor is one thing. It seems like most people on here have one! I do, and I'm certainly not a baller!

A real estate advisor? Probably a good idea if you're looking at buying a few shopping malls or commercial properties. But for a personal residence??

I think you're making a Much bigger deal about this, than it is.

Now granted, buying a personal residence is probably THE biggest financial decision Most of us will ever make! So being cautious is definitely a good thing.

Please take the RE class the agents take to get their license. Educate yourself. This way, you'll understand Exactly what you can, and can't do, yourself.

Asshats on forums, think they know everything!

Some asshats on forums are finance graduates, financial advisors, residential and commercial realtors, residential and commercial contractors. Some asshats have done all of those things…lol.

You do you boo…

 

[MOUZER]

If you are looking in Havasu I wonder why no one has suggested to go to River Daves wife, they have their shit together and I am guessing her team knows more about the town and trends better than most. Not going to speak for them but I bet they are not afraid to negotiate for you and work with the commission. We have a family member selling a 2+ Mil house in Cali and the buyer and seller are each paying 2% of the commission. I personally have bought and sold over a dozen properties and my wife is my broker during these sales and we have never paid over 4% on purchase or sale. Just my opinion.

Out here on lake keowee SC it's 5 percent 2 1/2 each

 

[rivermobster]

Some asshats on forums are finance graduates, financial advisors, residential and commercial realtors, residential and commercial contractors. Some asshats have done all of those things…lol.

You do you boo…

I was mainly referring to me...

But, whatever. Good luck!

 

[dnewps]

I was mainly referring to me...

But, whatever. Good luck!

I wasn’t sure who you meant…no big deal.

It’s like anything else…if you are going to hire someone and everyone seems to charge a similar amount…get the best. That’s where the value is.

 

[NicPaus]

I was mainly referring to me...

But, whatever. Good luck!

You passed the test. You should be showing him the Havasu listings. Lol

Riverrealtormobster has a nice ring to it.

 

[RiverDave]

Rivermobster,
I am told that this is not correct unless I am working with someone not associated with MLS.
It is a realtor who is saying this.
They say I have to sign a buyer-broker agreement 100% or they can't show me anything.

We have never had someone not sign one.. however if you’re that worried about it just do it for a couple days or a week.

That way you aren’t locked into anything.

RD

 

[RiverDave]

This whole thread is retarded. If your only choice was the sea of half ass moonlighting licensed realtors I understand going it alone even without much commission savings. However, professionals exist…and they are easily 2.5% better than yourself…even in the most extreme circumstances.

The irony is everybody thinks this NAR settlement now puts them in the driver seat and they’re gonna save all this money.

What nobody’s talking about is the fact that listing commissions have actually gone up since the settlement because they have no idea what they are doing. (Look it up!)

But hey everyone is an expert.

RD

 

[BabyRay]

The irony is everybody thinks this NAR settlement now puts them in the driver seat and they’re gonna save all this money. What nobody’s talking about is the fact that commissions have actually gone up since the settlement lol

Consider that secret spilled!

 

[zhandfull]

They say it’s a neutral market in Havasu. But the reality is. If you’re a buyer, seller is more than likely still paying both sides of commissions.

Then your going to beat them up on price.
Seeing some houses dropping prices by 10-20%. Some even selling for less than same house sold for two years ago.

It’s a buyers market!

 

[DWRAT]

They say it’s a neutral market in Havasu. But the reality is. If you’re a buyer, seller is more than likely still paying both sides of commissions.

Then your going to beat them up on price.
Seeing some houses dropping prices by 10-20%. Some even selling for less than same house sold for two years ago.

It’s a buyers market!

100%,
Lots of decent deals getting better and better.

 

[Amy@Team RDP]

This is all you need to know:

View attachment 1501357

Actually no, you need to know a lot more. You have cherry picked one item out of a full article that needs to be read in its entirety to fully grasp what is being said. Below is that article. And here are the facts.

This is NATIONWIDE not state specific. For ALL Realtor Brokerages.

Due the recent National Association of Realtors (NAR) settlement ALL Realtors nationwide as of 8/1/2024, must now have a Buyer Broker Agreement in place BEFORE any door can be opened. This includes doing any video tours.

The only exception to this requirement are as follows;

If you work with a real estate agent who NOT a REALTOR. (Like hiring a handyman for a licensed contractor job) There are a few around but really is that who you want to use to purchase one of your largest financial investments through?

If you attend an open house. The Seller’s Realtor will be at the open house showing the home on behalf of the Seller. You may attend without a Realtor and without a Buyer Broker Agreement. That Realtor may tell you about the home. HOWEVER, the moment you become further interested in that home and wish to write a contract you WILL have to sign a Buyer Broker Agreement BEFORE any negotiations can occur.

For Sale By Owner. No Realtor, no BBA required.

Get used to the Buyer Broker Agreement because it is the new nationwide standard that ALL Realtors are bound to. If there is an unscrupulous Realtor who shows you a home without a Buyer Broker Agreement they jeopardize not only their compensation but also they can lose their settlement protections from NAR. Honestly, would you want to trust negotiations with your financial investment to a Realtor who does not adhere to the standards, code and ethics that NAR sets forth to protect consumers?

You are correct this is NOT state law - but we are mandated by NAR and our Broker that if we do not have a Buyer Broker Agreement in place BEFORE we show a home we will not be paid and our Broker could fire us. Hence, all Realtors will be adhering to the guidelines.

That said there are some things that you can do to make signing a Buyer Broker Agreement more palatable.
You may set it up to be for just one property.
Or shorten the duration to 1 day, 1 week or 1 month.
You may also request to cancel a BBA if you decide your Realtor is not working out.

Lastly, right now 99.9% of Seller’s are still picking up the tab for the Buyer’s Broker. But instead of knowing what the Seller is offering ahead of time, we now have to negotiate the Buyer Agent compensation as part of the purchase contract. That Addendum is called a Seller Compensation Agreement. So though you are entering into a Buyer Broker Agreement that discusses you, as the Buyer, will compensate the Buyer’s Broker - it also states that you give permission the Buyer’s Broker to accept their compensation from the Seller in lieu of the Buyer as per terms of the negotiated purchase contract. So it is the same result that we are used to, just a different way to document the path to compensation.

Please educate yourself with the full story and understand the details before you advise others. But don’t just take my word for it, or the National Association of Realtors or the Arizona Department of Real Estate (see article below). Call your trusted Realtors and ask them. We are all in this together and it is a change many of us are not thrilled about but we have to bide by the requirements of the settlement that NAR accepted on our behalf.

Don’t hate the messenger this wasn’t my idea. But it is important that you all understand the new normal and what the expectations are moving forward with a future real estate purchases with your favorite trusted Realtors. Check out these sources below for further details and clarification.

https://azre.gov/consumer-advisory-buyer-broker-agreements

https://www.nar.realtor/the-facts/nar-settlement-faqs#consumer

 

[BabyRay]

Actually no, you need to know a lot more. You have cherry picked one item out of a full article that needs to be read in its entirety to fully grasp what is being said. Below is that article. And here are the facts.

All great information. Thanks for clarifying.

 

[rivermobster]

Actually no, you need to know a lot more. You have cherry picked one item out of a full article that needs to be read in its entirety to fully grasp what is being said. Below is that article. And here are the facts.

This is NATIONWIDE not state specific. For ALL Realtor Brokerages.

Due the recent National Association of Realtors (NAR) settlement ALL Realtors nationwide as of 8/1/2024, must now have a Buyer Broker Agreement in place BEFORE any door can be opened. This includes doing any video tours.

The only exception to this requirement are as follows;

If you work with a real estate agent who NOT a REALTOR. (Like hiring a handyman for a licensed contractor job) There are a few around but really is that who you want to use to purchase one of your largest financial investments through?

If you attend an open house. The Seller’s Realtor will be at the open house showing the home on behalf of the Seller. You may attend without a Realtor and without a Buyer Broker Agreement. That Realtor may tell you about the home. HOWEVER, the moment you become further interested in that home and wish to write a contract you WILL have to sign a Buyer Broker Agreement BEFORE any negotiations can occur.

For Sale By Owner. No Realtor, no BBA required.

Get used to the Buyer Broker Agreement because it is the new nationwide standard that ALL Realtors are bound to. If there is an unscrupulous Realtor who shows you a home without a Buyer Broker Agreement they jeopardize not only their compensation but also they can lose their settlement protections from NAR. Honestly, would you want to trust negotiations with your financial investment to a Realtor who does not adhere to the standards, code and ethics that NAR sets forth to protect consumers?

You are correct this is NOT state law - but we are mandated by NAR and our Broker that if we do not have a Buyer Broker Agreement in place BEFORE we show a home we will not be paid and our Broker could fire us. Hence, all Realtors will be adhering to the guidelines.

That said there are some things that you can do to make signing a Buyer Broker Agreement more palatable.
You may set it up to be for just one property.
Or shorten the duration to 1 day, 1 week or 1 month.
You may also request to cancel a BBA if you decide your Realtor is not working out.

Lastly, right now 99.9% of Seller’s are still picking up the tab for the Buyer’s Broker. But instead of knowing what the Seller is offering ahead of time, we now have to negotiate the Buyer Agent compensation as part of the purchase contract. That Addendum is called a Seller Compensation Agreement. So though you are entering into a Buyer Broker Agreement that discusses you, as the Buyer, will compensate the Buyer’s Broker - it also states that you give permission the Buyer’s Broker to accept their compensation from the Seller in lieu of the Buyer as per terms of the negotiated purchase contract. So it is the same result that we are used to, just a different way to document the path to compensation.

Please educate yourself with the full story and understand the details before you advise others. But don’t just take my word for it, or the National Association of Realtors or the Arizona Department of Real Estate (see article below). Call your trusted Realtors and ask them. We are all in this together and it is a change many of us are not thrilled about but we have to bide by the requirements of the settlement that NAR accepted on our behalf.

Don’t hate the messenger this wasn’t my idea. But it is important that you all understand the new normal and what the expectations are moving forward with a future real estate purchases with your favorite trusted Realtors. Check out these sources below for further details and clarification.

https://azre.gov/consumer-advisory-buyer-broker-agreements

https://www.nar.realtor/the-facts/nar-settlement-faqs#consumer

If you read all my posts...

You'll see that the only advice I am giving is for people to educate themselves! Yeah?

That's what I did before I bought my first house, and it served me well. Learning about all the different financing options, was Totally worth the time and the effort.

You, and Stacy's team have a reputation for being honest and upstanding.

Not all agents are as reputable as you guys.

"So it is the same result that we are used to, just a different way to document the path to compensation."

 

[RiverDave]

If you read all my posts...

You'll see that the only advice I am giving is for people to educate themselves! Yeah?

I’m not sure I see it that way because your post said “all you need to know” and it wasn’t exactly accurate.

Either way..

There seems to be some kinda thought process that this NAR settlement was good for the general public.. it isn’t.. as said before on average sales commissions have GONE UP!!

But hey in most cases it’s just the most important financial decision of your life.. of course people should go and talk directly to the person that is selling the property.. what could go wrong?

Might as well defend themselves in a criminal case as well while they are at it.

I totally understand there are a lot of shitty agents out there and I understand a lot of people used some part time person that likely did nothing for them and there is resentment because of the experience.

However that could be said about anything in life.. shitty lawyers, shade tree mechanics, shitty doctors..

If you get a good one though it changes outcomes dramatically.

RD

 

[rivermobster]

I’m not sure I see it that way because your post said “all you need to know” and it wasn’t exactly accurate.

RD

It was accurate, in relation to the discussion of the "new laws" that started back in October 24. Basically, the OP's original question. Yeah?

Now, was it accurate in relation to "everything you need to know about buying a house"?

Not no, but fuck no!

I figured folks could figure that out for themselves? Maybe? Maybe not!

But I've said over and over again...

Educate Yourself on what You need to know.

It takes a village. Financing. Escrow. Title insurance. Agents. Brokers. The list goes on and on.

The class I took was a six month class. Long and sometimes teadious.

But well worth it.

 

[RiverDave]

It was accurate, in relation to the discussion of the "new laws" that started back in October 24. Basically, the OP's original question. Yeah?

Now, was it accurate in relation to "everything you need to know about buying a house"?

Not no, but fuck no!

I figured folks could figure that out for themselves? Maybe? Maybe not!

But I've said over and over again...

Educate Yourself on what You need to know.

It takes a village. Financing. Escrow. Title insurance. Agents. Brokers. The list goes on and on.

The class I took was a six month class. Long and sometimes teadious.

But well worth it.

What class did you take that is six months? That is lo no get than it takes to get an RE license? lol

That’s not to say that just because someone takes an re class they are gonna know anything.. it takes years of deals and precarious situations under knowledgeable people before someone gets good at it.. and even then some people have ethics and others don’t etc.


RD

 

[Englewood]

Now, was it accurate in relation to "everything you need to know about buying a house"?

Not no, but fuck no!

I figured folks could figure that out for themselves? Maybe? Maybe not!

But I've said over and over again...

Educate Yourself on what You need to know.

It takes a village. Financing. Escrow. Title insurance. Agents. Brokers. The list goes on and on.

The class I took was a six month class. Long and sometimes teadious.

But well worth it.

The real estate classes prepare you for the business about as much as high school prepares you for the real world.

 

[shintoooo]

Pull your pants up Joe!! @rivermobster

 

[rivermobster]

What class did you take that is six months? That is lo no get than it takes to get an RE license? lol

That’s not to say that just because someone takes an re class they are gonna know anything.. it takes years of deals and precarious situations under knowledgeable people before someone gets good at it.. and even then some people have ethics and others don’t etc.


RD

It was a class at Pasadena City College. Night school class.

Some dork broker was teaching it, basically using it as his own personal farming ground for new agents!

One night he tells me ...

"You're Never gonna make it in this business".

I told him ...

I'm not taking this class to get my license, I'm taking it so I know how to deal with shit heads like you!



I got a D in the class. What a shocker.

 

[rivermobster]

The real estate classes prepare you for the business about as much as high school prepares you for the real world.

Great observation Capt. Obvious.

The best part for me was getting to learn about financing. You know. Garbage fees and shit like that? That most people have absolutely no clue about?

It was awesome to be able to walk into a bank, knowing Exactly what I was willing to pay for. Most places threw me out when I told em what I wanted!

Finally found a guy that said, no problem, let's do this.

I walked away pre approved for what I could afford, with the down payment in my savings account.

Worked for me.

 

[Your ad here]

What is an acceptable % for the seller to pay at closing for a 500k price range home?

Budget 10% to sell your house. Budget, not actual cost. Figure 3% each agent so that's 6% and figure 4% to please the bullshit the buyer will request.

 

[DWRAT]

I actually had a realtor in the past NOT show me a home listing that matched my requirements for who knows why.
I found out the sellers were only offering a 1% or 2% commission to the buying agent.
I bet this new law is to prevent this exact scenario where the realtor skips low paying listings.

 

[BabyRay]

Budget 10% to sell your house. Budget, not actual cost. Figure 3% each agent so that's 6% and figure 4% to please the bullshit the buyer will request.

And, if you’re the seller, don’t forget excise taxes and title company fees. I don’t know about other states, but in Pierce county (Washington State) you can count on that running 3% or more.

However, we’ve been successful in refusing to do any repairs. We’ve simply told our agent to let the buyer’s agent know upfront that we won’t do any BS repairs, and any request would be refused. Of course, we knew the homes were in excellent condition in terms of structure, HVAC, electrical, appliances, etc.

 

[dnewps]

I actually had a realtor in the past NOT show me a home listing that matched my requirements for who knows why.
I found out the sellers were only offering a 1% or 2% commission to the buying agent.
I bet this new law is to prevent this exact scenario where the realtor skips low paying listings.

The new rules would have you paying the difference between what the sellers are paying and your agreement with your buyer’s agent.

So maybe the agents that having been telling everyone their service is free…will have to provide value or go join the circus.

But neither the agent you had nor a successful agent is interested in 1%…that’s not the market..the new rules don’t change that.

 

[RiverDave]

I actually had a realtor in the past NOT show me a home listing that matched my requirements for who knows why.
I found out the sellers were only offering a 1% or 2% commission to the buying agent.
I bet this new law is to prevent this exact scenario where the realtor skips low paying listings.

I’m not the expert on it, but I’m not sure how this new settlement would affect that scenario.

That said like I say often on here.. You needed a better realtor. lol


RD

 

[DWRAT]

I’m not the expert on it, but I’m not sure how this new settlement would affect that scenario.

That said like I say often on here.. You needed a better realtor. lol


RD

My thought is (by NOT showing the buyer compensation in the listing a realtor cannot choose to skip showing it based on a low %) like in the past.

That said, I am looking for one. Do you know any that don't require a buyer-broker agreement?

 

[Amy@Team RDP]

My thought is (by NOT showing the buyer compensation in the listing a realtor cannot choose to skip showing it based on a low %) like in the past.

That said, I am looking for one. Do you know any that don't require a buyer-broker agreement?

LOL! River Dave's entire real estate team uses the required Buyer Broker agreement - as does every other Realtor nationwide.

And you have a good Realtor. Happy to help.

 

[RiverDave]

My thought is (by NOT showing the buyer compensation in the listing a realtor cannot choose to skip showing it based on a low %) like in the past.

That said, I am looking for one. Do you know any that don't require a buyer-broker agreement?

As I have tried to explain, one of the members of my team and atleast two other realtors on here now..

I don’t know why anyone would do that. More importantly per the settlement they are not supposed too?

As explained before you can do the agreement for a day for a specific property etc.. but you are supposed to do the agreement no matter what.

The buying commission’s aren’t listed in any of the listings anymore. I am thinking you are misunderstanding what is going on here..

RD

 

[zhandfull]

So the buyers agreement sets the commission rate and who pays it? How is this even known before negotiations with a seller take place?

Feels like one of those restaurants that charges a tip before they give you any service.

 

[NicPaus]

If the seller doesn't pay the commission the buyer does.

If seller says they will not pay. Find another house. There is over 500 to chose from.

I have not heard of any cases where the seller doesn't end up paying the commission like it used to be.

 

[zhandfull]

If the seller doesn't pay the commission the buyer does.

If seller says they will not pay. Find another house. There is over 500 to chose from.

I have not heard of any cases where the seller doesn't end up paying the commission like it used to be.

Must be something in the buyer agreement on how agent gets compensated. I’m not sure how that is determined before any negotiations take place with a seller. Kind of ass backwards if you ask me. If it works that way.

 

[NicPaus]

Must be something in the buyer agreement on how agent gets compensated. I’m not sure how that is determined before any negotiations take place with a seller. Kind of ass backwards if you ask me. If it works that way.

I have not seen how it's worded or written but can ask.

Probably says Buyer will pay the commission amount of X percent if the seller does not.

I know I have been to a few open houses where I had to sign a form to enter. Forgot what it stated.

 

[NicPaus]

 

[RiverDave]

I’m gonna let Amy explain this as simply as possible (even though the article was already explained at least once in this thread.

I personally stopped selling real estate before this whole NAR settlement happened.

I realized that while I’m good at a lot of stuff being an RE agent wasn’t on my list of things I’m “great” at..

So I try to stick to things I’m great at and not waste my time with things I’m not.

From an owners perspective looking top down.. sellers commissions have gone up a tick. Buyer’s commissions have remained the same statistically across America.

We have I think 23-25 houses in escrow right now, and this hasn’t come up as a problem in any of the deals that we have done since the NAR settlement.. which I’d guess to be over a 100 transactions..

The guy is looking for something that just there, and making some kinda mountain out of the program.

Again if you are hiring a person to represent your interests and the first thing they do is say they have no value to the transaction, that isn’t the guy you want representing you in ANY FIELD.

let alone RE.

If you want to know some values of a strong buyers agent?

Do you know how many times a week I hear the words “I don’t want to list it, but if you brings buyer”. Those are often referred to as “pocket listings”. Unless you are doing a ton of volume and have relationships with the other top producers those are never going to be accessible to anyone else..

Team rdp is large enough a lot of our properties are sold within the team. A lot of properties are sold within the top 3-4 teams out here.. heads up this is coming on the market type stuff.

There is a reason that 95% of the business is done by 5% of the people.

RD

 

[RiverDave]

I have not seen how it's worded or written but can ask.

Probably says Buyer will pay the commission amount of X percent if the seller does not.

I know I have been to a few open houses where I had to sign a form to enter. Forgot what it stated.

Never sign anything at an open house. It basically means you can’t come back with a buyers agent later.

Now it is up to you six pack joe to negotiate with a Sellers agent who’s a professional and who’s interests are clearly with either the builder (most cases) or the seller.. no matter what they aren’t with you.

RD

 

[RiverDave]

Must be something in the buyer agreement on how agent gets compensated. I’m not sure how that is determined before any negotiations take place with a seller. Kind of ass backwards if you ask me. If it works that way.

It absolutely is. That said happy to say it didn’t change anything.

RD