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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

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

I'm not a Realtor or an agent, and I think the point is that there's no "leveraging" these new rules. They will inherently put buyers at a disadvantage, no matter how you look at it. Yeah, I get that there are a lot of people who fancy themselves smart and capable of doing a transaction like this without representation, but in my mind it's akin to divorcing someone without your own lawyer.

I'm not sure where, exactly, you got this idea that there's some benefit to be "leveraged."

Potentially the seller benefits by paying reduced commission overall. But I don't see any inherent benefit to buyers. I see only downside risks. [/quote]

The benefit to be leveraged is that [b]it's now substantially easier to limit the amount of the pie going to agents[/b], which means more for buyers and sellers.  Seems reasonable to ask about the mechanics of limiting the agents' take and how to best capture any value lost by agents as a buyer.   [/quote]

It's not, though. There's zero evidence that that's true or likely to happen. If anything, it's made agent compensation even more opaque. At least under the prior arrangement, the numbers were there for all to see on the MLS.[/quote]

OK, agent.  Before, buyers had little control over how much was paid to their agent.  Now, agent compensation is entirely up to the buyer, and can be more effectively competed down.  Less money going to the buyer's agent means more money for the parties to the transaction.  If you are still able to get some buyers to give you 2.5%, good for you!  But I'd be willing to bet your next commission payment that it will be fewer and fewer buyers who are so willing as the months tick by.

Who cares how "opaque" compensation is?  No one needs to know what buyers are paying their agent, just as no one knew under the old system what sellers were paying their agent.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics