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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

As a Realtor, I never offered anything to a buyer's agent.  The company I am affiliated with offered a co-operating commission to the buyer agent's company.   Under the "new terms"[b] the listing agent can now ask the seller to pay a higher commission to the listing agent and that agent can credit some of the commission to the buyer as a subsidy.[/b]  [/quote]

Why launder the credit through realtor commissions? The seller can simply offer a concession. A simple concession. From seller to buyer.

Why, as a fiduciary, would you advise as seller who wishes to offer money to a buyer, to do so by paying a higher commission to the listing agent, who would credit the buyer? And through what mechanism?

[/quote]

+1 As a seller in the near future, I'm not offering money to a buyer's agent. A buyer could offer a lower price and still net me more money at settlement than another buyer with a higher price but with a term for me to pay their useless agent.

For example: Buyer A offers $990K, no buyers agent. Buyer B offers $1M and wants me to pay their agent 1.5% ($15K), so really the offer is $985 with the privilege of me still paying taxes on that extra $15K. I'm going with Buyer A.

Even if Buyer B wants 1% ($10K), I'd still be financially better off selecting Buyer A because I wouldn't have to pay taxes or commissions on that $10K. And if they're exactly the same net to me, then I'm picking the unrepresented buyer on principle. [/quote]
Another clueless seller you don't pay the capital gains tax on selling costs which includes commission. But sure keep standing on principle as the sale falls thru because you chose the weaker offer overall.[/quote]

Not true. You pay the transfer tax and commission on the entire sales price. [/quote]

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