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New Listing Model Post NAR Settlement Changes:
DISCLAIMER: I am not an attorney and this video is not legal advice. This video is purely my opinion. Please consult with your Broker or seek legal advice from an attorney.
this is better than passive income
Let’s turn this garage into an airbnb
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I spent $2k turning this garage into an airbnb
Realtors: After 20 years, I figured out how to achieve any goal
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😂😂 those darn keyword warriors lol
Brandon all those that talk their poop don’t understand how valuable the information you provide. Thank you for taking your time to do this video man.
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All you are doing is making things more difficult. please stop giving crazy ideas to the already unfair listing agents. They are the reason why we are where we are now.
You’re so funny Brandon 😂
Criminally early
100% agree with you
Should you price the home based on comps that had paid a buy side commission or tell your seller to price it under with the expectation that a buyer will ask to stack the buy side commission into the sale price?
This has been a big question of mine as well… even more so on the appraisal side of things. Are appraisers adjusting appraisals based on the amount of commission offered? If not, then buyers who offer more to account for a buyer agent fee are essentially paying the commission twice because it’s been baked into pricing for so long
@@noahwood9891An agent friend of mine took a listing last week, priced it based on recent sales (which all had paid commissions), told the seller they didn’t have to offer buyer side commission. They got a full price offer asking for seller to pay buyer side compensation. Seller countered out most of the commission. Buyer backed out.
We need to educate the sellers that depending on the demand for their product they may need to consider helping g the buyer buy their house. In high value areas where there is a lot of cash buyers have more ability to pay their buy side agent than in areas where buyers are scraping every penny to buy a home.
What Brandon is saying is correct and will work well in some areas better than others. I’m interested to see how it will pan out in low-moderate prices areas however.
It is what it is… but who is sponsoring these videos?
Thank you Brandon!! I love this analogy and it makes it easier to explain and understand.
I see your point but it might be a little early to decide this after only a few weeks. It’s like the agent who starts in 2021 who says I have a perfect listing taken to listing sold ratio…
16:00 I wish that were the case here, but you CANNOT do that here in NC.
We must submit our cooperating compensation agreement form 220 to the seller, have it agreed to and signed BEFORE submitting an offer. Any language of agent compensation is completely decoupled from the offer itself here by law. If a buyer agent submits both the offer and 220 at the same time, the seller can simply ignore the 220 and go with the offer alone.
ONLY IF you are trying to get the LISTING BROKER to pay. Not if you are having the SELLER pay on the buyer’s behalf
I have a quick question if you could help me out, thank you. Typically, the listing agent and seller have leverage in real estate transactions, and that seems even more true now. As real estate investors, we sometimes waive inspections or increase our earnest money deposit to improve our chances of securing a property. However, in this particular situation, the buyer’s agent had to reduce their commission as a form of leverage to get the property. Could you clarify how common this is and if it’s a recommended strategy
I’ve been doing this for years. Hopefully, now, Realtors won’t scream vulgarities at me over the phone for making them submit their compensation with the offer. This is just the tip of the iceberg. The Realtor model is bad for buyers, sellers, and agents. Forget the Realtor model (including Brandon’s “New” Realtor model). The Rethink Model is coming very soon.
Thank god my broker has been preparing us for MONTHS. I would’ve been so lost (as many other agents are). This is EXACTLY what my broker is saying!🙌🏻🙌🏻🙌🏻
Brandon, when you say these new sellers weren’t offering commission, are you saying their listing didn’t advertise a commission or are you saying you called every listing agent to ask the commission and they said send us an offer?
Brandon, your take on pricing, please? Going forward, comps do not show buyer agent commissions paid. Do we assume they were 3%, your thoughts, please?
Depending on your MLS historic data will be visible. Once closed the amount of concessions and/or buyer agent compensation are mandatory fields to enter in the MLS at closing. At least that’s the directive for now. Mine is CRMLS.
🤡
This is gold.