THE NAR SETTLEMENT: New Rules And What You Need To Know
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- čas přidán 25. 08. 2024
- If you are going to buy or sell a home this year, there
are changes coming that may affect how you approach the process.
In this video, I do my best to give you a heads up on what to expect
The reason this is important is it's just flat out confusing.
See in on the inside.
Talk to you soon.
-Andy
_______
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Thank you this is the best information I’ve gotten!
You are so welcome!
Thank you!!
Another sad thing about Buyer agents now having to fight for their compensation is they work so much harder And put in so much more time and effort than listing agents
That’s the truth big time
So this sounds like buyers will be paying the buyer agents commission and need to come up with the cash upon purchase. I feel that will limit the number of people able to purchase. Of course the sellers might be willing to pay but I suspect a lot won’t want to and why should they be paying the buyer to buy from them? Yes, I realize the money was ultimately coming from them anyway but they were paying their agent if the agent or the agents broker chose to pay the buyers agent that was their business not the sellers. I suspect a lot of sellers aren’t going to like it. Obviously in the end there won’t be any choice but people aren’t going to be happy.
You have a good grasp on what's coming. Buyers have always been on the hook for paying commission if the seller didn't offer it for buyers agents, but that was the rare situation, like FSBO and such. But with the new approach, I think, like you, that many more sellers will say "no thanks" to paying a BA commission. It may not have the effect they want (longer time to sell perhaps) but at the start, you can bet money, sellers will try it to save some cash possibly. I really appreciate your comment. Thank you!
can I get transcription of this video?
I love your term, “lookie-loos”
@@vanessawinters5846 😁