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[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]

Precisely![/quote]

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