Reply to As a buyer, how can I leverage new Realtor commission rules for my benefit?

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Reply to "As a buyer, how can I leverage new Realtor commission rules for my benefit?"

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[quote=Anonymous][quote=Anonymous]Okay can someone who isn’t a realtor shill kind of weigh in on the best ways to leverage these new rules? I’m tired of absolute idiots becoming realtors just showing me a house I want to see, then maybe do some limpwristed, but most likely conspiratorial negotiations with a seller agent, and filling out a couple forms and charging a big percent. It’s a joke. I get realtors will continue to try their best to abuse the new rules so they can continue the grift, but how can we get around that? What hard and fast stipulations can a buyer or seller employ to mitigate the fckery these days?[/quote]

The best way to leverage these new rules is to not use a buyer's agent. Ask the listing agent to show you the home. You should not have to pay extra or sign any agreements to pay compensation for this.

Here's how this will help buyers:

Buyer A uses a buyer's agent and owes them 2% commission. They offer $1M with a seller concession of 2% to go to the buyer's agent. So effectively, Buyer A is offering $980K (actually a little less because the seller has to pay taxes and commission on that extra 2%/$20K).

Buyer B is unrepresented. They offer $985K. No seller concessions.

So all else being equal, Buyer B just won the house while paying $15K less than the other offer. Both the buyer and seller are better off for not having a second greedy realtor trying to get cut in on the deal.[/quote]

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