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Reply to "Tired buyer's agent"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Agent here. Last weekend was the first weekend the commission change became real for agents. I am offering 1% to buyer agents on listings and any additional can be paid by the buyer or negotiated with the seller. In three multiple offer situations, the three agents who wanted only the 1% commission got the deal. The offers were similar and the sellers took the offers that netted the must to them. Agents were angry but I told them that our industry had done it to them. If they want to succeed, they have to prove their worth to buyers and get paid by buyers. [/quote] As a Realtor, you are not offering anything to a buyer’s agent under the new terms, the seller is. Please use the right verbiage to avoid confusion with the public [/quote] DP I disagree. The settlement didn't change this. The settlement merely prevents listing agents from using the MLS to offer buyer broker commission, a practice that was found to be unlawful for reasons the absent the MLS. The industry latest response (e.g. Bright's recent "Dispelling Myths") is at least something, does little to overturn the evidence presented by plaintiffs; it seems unlikely as of now the next lawsuit will be much different. [/quote]
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