retired as a broker for 25 years (dc suburbs) - simple solution: all buyer contracts will be asking for 3% closing costs subsidy paid by seller to the buyer. Some or all of that 3% will go to the buyer's broker. The only little bugaboo is that if the buyer really needs closing cost subsidy to close on the deal and the buyer's lender may NOT allow a buyer to receive 5-6% seller subsidy. If lenders allow for the increased subsidy - nothing has to change really. Currently, seller subsidies are typically capped at 3% of the sales price. So a buyer may offer $515K on a $500K listing and put in the contract Seller pays buyer 3% subsidy at closing. Brant is right about agents most agents svck big time for all kinds of reasons. its 80/20. 80% svck and 20% are awesome. However I have found the 20% may only sell 1-2 homes per month b/c that's all one can really support PROPERLY as a full time agent.
9:03 I came to the same conclusion you did sir. I appreciate that I'm not the only one and that there are more of us seeing the puzzle pieces being put together.
Real estate or fishing, this man shoots you straight ! If I'm a buyer's agent, I write an addendum that says my buyer has NO RESPONSIBILITY for paying the buyer's agent's commission (that is, the seller will pay it.) IF they don't accept that addendum., my buyer walks. And for 5 years, I was a Realtor and it was almost always the other REALTOR who was the impediment in the transaction. Once again Brant, you are spot on.
Florida is by default transaction broker. Single agency is rare here. The buyer can go directly to the listing agent and it not be dual agency because seller does not have fiduciary. That's why we call them customers, buyers, or sellers, not "clients." Unless transaction broker changes, buyers will absolutely go directly to the listing agent and the selling agent will "transact" the deal for a nominal fee to write up the contract.
Brant, you are one good dude, I appreciate all these videos you do, look out if this guy gets in to politics he will rule the world, you would blow everyones mind with all this truth! God bless brother of the hook.
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020.
In my opinion, Knox jarrati's strategy is the gold standard right now, and I suggest it to anyone starting out because of its excellence and widespread recognition."
What I appreciate about knox jarrati is her ability to tailor strategies to individual needs. She recognizes that each investors has unique goals and risk tolerances and she adapts her advice accordingly
This is ridiculous to expect the buyer pay their agents commission. The seller should cover that. Hopefully, this will be corrected. This may cool the market. As you say, there is a plan here. I'm not going to bring any buyers to a commissionless home. It cost a lot to be an agent.
This will be a race to the bottom, first on the buyers agent side and then on the listing side. The buyers and sellers will be asking WHY are we being charged soo much for the actual services that you are providing. The sellers side currently does have an option for sellers to pay $500+/- to get there home listed on the MLS but not very many sellers are taking advantage of this yet. The buyers are not going to pay 2.5% and yes they can ask the seller to pay and some sellers will but that will fizzle out eventually because the sellers will become emboldened and say NO. It will be a flat fee service on both sides that will eventually be the real estate agent model.
Per the media we are told that the seller and buyer can both set the agent fee. What was described is instead of paying a flat percentage in commissions , a fee will be agreed upon before the agent representation. You described something completely different. Are the commissions still set or are the fees now adjustable on both sides? As in an agent can say "I'll sell your house for $x amount instead of y%." Can I set the fees that I'll pay, or is the commission still the same? If we can set the fees, how does the agent prevent getting screwed if there is an issue causing more agent work? Or the client getting screwed and wanting to change agents? I feel like something that was protecting all sides is no longer providing any protections.
There’s a ton of media misinformation going around. The facts are that a buyers agent will set their fee and a buyer can either say yes or go without representation. If the buyer says yes and signs the buyer still might not be on the hook for the commission if the seller of the home they are buying is offering a buyers agent commission.
I have to respectfully disagree - I don't think people are going to do extensive research, people are going to pay for the cheapest person who will do the deal for the least amount. Think about it - you even said it - this affects poorer people. Poorer people will probably sacrifice quality for price. Let's see who is right - you or me. I know I would pay less because you even said that realtors are overpaid. So I think the amount they get paid will go down.
Brant, if anyone can answer my question it's you. I'm an investor in California and what I do there on MLS listed properties is win/win for the listing agent and me. I get a competitive edge and they double their commission because I make my offer unrepresented with the listing agent. I am just now starting to buy in Florida where as you know dual agency is illegal. So that coupled with the NAR settlement how do I make my offers with listing agents in Florida where it's win/win for both of us? Thanks
The agent can just act as a transaction agent to both parties or you can represent yourself. A transaction agent is different than a dual agent relationship
@MovingToTheGulfCoast I'm not an agent, just an investor so I don't know how that would work representing myself. Like I said, the idea is to let the listing agent have both sides of the commission (a work around for dual agency) I guess transaction brokering is the answer.
It’s probably going to take a couple of years before my wife and I are able to downsize. Maybe by then things will settle out. At least our home is paid for and that’s a big plus.
The way it was explained to me….the seller pays total X% commission. That X can go to one agent or two. If there is no buyers agent, the sellers agent keeps it all. If there is, they split it. So it doesn’t matter financially to the seller if they pay the same for one or two.
Do you think there’s a stampede for Pizza hurry up and get listed under the old system?I think that what’s going to happen is that people are going to now I know exactly what they’re paying and they’re going to get realtor’s to be more honest with what the flexibility is in there Commission whereas before they just boiler plate is it and flip to the next page to the sellers disclosure when you were signing up to Liz and basically just glossing over well this is what I normally get is a commission and so I think they did this to themselves
Brant, we are a family of 7 in Southeast Oklahoma and have been looking for an opportunity move to northwest Florida for a couple years. We vacation everywhere along the coast between Gulf Shores and Destin every year and I’ve actually bought fishing gear from y’all’s tackle shop. I think it has to do with needing to schedule property viewings so far in advance but we have had terrible luck with getting a local agent to stay in contact with us or not cancel the appointment’s. We drove 11 hours and got a hotel just to be stood up twice and sometimes we will just get an email asking to reschedule. Is there anything you could do for us?
![กี่หมื่นฟ้า | Your Sky Series EP.1 [2/4]](http://i.ytimg.com/vi/qJbQs_nhjD4/mqdefault.jpg)
retired as a broker for 25 years (dc suburbs) - simple solution: all buyer contracts will be asking for 3% closing costs subsidy paid by seller to the buyer. Some or all of that 3% will go to the buyer's broker. The only little bugaboo is that if the buyer really needs closing cost subsidy to close on the deal and the buyer's lender may NOT allow a buyer to receive 5-6% seller subsidy. If lenders allow for the increased subsidy - nothing has to change really. Currently, seller subsidies are typically capped at 3% of the sales price. So a buyer may offer $515K on a $500K listing and put in the contract Seller pays buyer 3% subsidy at closing. Brant is right about agents most agents svck big time for all kinds of reasons. its 80/20. 80% svck and 20% are awesome. However I have found the 20% may only sell 1-2 homes per month b/c that's all one can really support PROPERLY as a full time agent.
9:03 I came to the same conclusion you did sir. I appreciate that I'm not the only one and that there are more of us seeing the puzzle pieces being put together.
Real estate or fishing, this man shoots you straight ! If I'm a buyer's agent, I write an addendum that says my buyer has NO RESPONSIBILITY for paying the buyer's agent's commission (that is, the seller will pay it.) IF they don't accept that addendum., my buyer walks. And for 5 years, I was a Realtor and it was almost always the other REALTOR who was the impediment in the transaction. Once again Brant, you are spot on.
👍🏼 Excellent video … I skip the real estate broker/agents all together get the inspections, survey and title policy
Florida is by default transaction broker. Single agency is rare here. The buyer can go directly to the listing agent and it not be dual agency because seller does not have fiduciary. That's why we call them customers, buyers, or sellers, not "clients." Unless transaction broker changes, buyers will absolutely go directly to the listing agent and the selling agent will "transact" the deal for a nominal fee to write up the contract.
Brant, you are one good dude, I appreciate all these videos you do, look out if this guy gets in to politics he will rule the world, you would blow everyones mind with all this truth! God bless brother of the hook.
Did the NAR agreement make ANYONE happy...aside from the lawyers, that is?
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020.
Getting Knox jarrati to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I've ever made
In my opinion, Knox jarrati's strategy is the gold standard right now, and I suggest it to anyone starting out because of its excellence and widespread recognition."
What I appreciate about knox jarrati is her ability to tailor strategies to individual needs. She recognizes that each investors has unique goals and risk tolerances and she adapts her advice accordingly
Same here though I started with as low as $1,000, actually because it was my first time and it was successful, she's a great personality in the State
How do I contact her please???
This is ridiculous to expect the buyer pay their agents commission. The seller should cover that. Hopefully, this will be corrected. This may cool the market. As you say, there is a plan here. I'm not going to bring any buyers to a commissionless home. It cost a lot to be an agent.
it's the seller's choice. as it always was. i doubt sellers will make buyers pay their agents, at least not in the entry to mid-tier.
As a buyer any fee that I would pay will come off the price
Really good video with many good points!
This will be a race to the bottom, first on the buyers agent side and then on the listing side. The buyers and sellers will be asking WHY are we being charged soo much for the actual services that you are providing. The sellers side currently does have an option for sellers to pay $500+/- to get there home listed on the MLS but not very many sellers are taking advantage of this yet. The buyers are not going to pay 2.5% and yes they can ask the seller to pay and some sellers will but that will fizzle out eventually because the sellers will become emboldened and say NO. It will be a flat fee service on both sides that will eventually be the real estate agent model.
Good stuff, Brant! Thanks for sharing!
Per the media we are told that the seller and buyer can both set the agent fee. What was described is instead of paying a flat percentage in commissions , a fee will be agreed upon before the agent representation. You described something completely different. Are the commissions still set or are the fees now adjustable on both sides? As in an agent can say "I'll sell your house for $x amount instead of y%." Can I set the fees that I'll pay, or is the commission still the same? If we can set the fees, how does the agent prevent getting screwed if there is an issue causing more agent work? Or the client getting screwed and wanting to change agents?
I feel like something that was protecting all sides is no longer providing any protections.
There’s a ton of media misinformation going around. The facts are that a buyers agent will set their fee and a buyer can either say yes or go without representation. If the buyer says yes and signs the buyer still might not be on the hook for the commission if the seller of the home they are buying is offering a buyers agent commission.
At what point is absolutely required I sign this? Before even seeing a house? Or can it be delayed until you want to make an offer?
I have to respectfully disagree - I don't think people are going to do extensive research, people are going to pay for the cheapest person who will do the deal for the least amount. Think about it - you even said it - this affects poorer people. Poorer people will probably sacrifice quality for price. Let's see who is right - you or me. I know I would pay less because you even said that realtors are overpaid. So I think the amount they get paid will go down.
Brant, if anyone can answer my question it's you. I'm an investor in California and what I do there on MLS listed properties is win/win for the listing agent and me. I get a competitive edge and they double their commission because I make my offer unrepresented with the listing agent.
I am just now starting to buy in Florida where as you know dual agency is illegal. So that coupled with the NAR settlement how do I make my offers with listing agents in Florida where it's win/win for both of us? Thanks
The agent can just act as a transaction agent to both parties or you can represent yourself. A transaction agent is different than a dual agent relationship
@MovingToTheGulfCoast I'm not an agent, just an investor so I don't know how that would work representing myself. Like I said, the idea is to let the listing agent have both sides of the commission (a work around for dual agency) I guess transaction brokering is the answer.
Good video. Gulf breeze looks nice. Maybe next time throw a few gulp shrimp and do the video.
Brother!,,, This WILL become as EASY as buying a car!,,,, Its just THAT easy!,,,,,
It’s probably going to take a couple of years before my wife and I are able to downsize. Maybe by then things will settle out. At least our home is paid for and that’s a big plus.
Why is it the seller’s responsibility to also pay the buyer’s agent’s commission, as it is now.
The way it was explained to me….the seller pays total X% commission. That X can go to one agent or two. If there is no buyers agent, the sellers agent keeps it all. If there is, they split it. So it doesn’t matter financially to the seller if they pay the same for one or two.
Everyone who has a license met the qualifications, they should have a license.
I 100% agree and that was never said in the video. What was said in the videos is “the barrier to entry is too low”
I have a Texas sales license… I got it to protect myself from unethical worthless agents and brokers…
Do you think there’s a stampede for Pizza hurry up and get listed under the old system?I think that what’s going to happen is that people are going to now I know exactly what they’re paying and they’re going to get realtor’s to be more honest with what the flexibility is in there Commission whereas before they just boiler plate is it and flip to the next page to the sellers disclosure when you were signing up to Liz and basically just glossing over well this is what I normally get is a commission and so I think they did this to themselves
Thank you 🌻
crazy how "they" make you use new rules..what is this world coming too?..
You need attractive thumbnails
In low budget rate
Brant, we are a family of 7 in Southeast Oklahoma and have been looking for an opportunity move to northwest Florida for a couple years. We vacation everywhere along the coast between Gulf Shores and Destin every year and I’ve actually bought fishing gear from y’all’s tackle shop. I think it has to do with needing to schedule property viewings so far in advance but we have had terrible luck with getting a local agent to stay in contact with us or not cancel the appointment’s. We drove 11 hours and got a hotel just to be stood up twice and sometimes we will just get an email asking to reschedule. Is there anything you could do for us?
Send me an email with all your details brant@adoorrealestate.com
How many ‘agents’ have an onlyfans account too.
Right? Pretty girls and handsome men can become agents based solely on their looks.
Click bait.
Say the fucking point!
Is it a good time to start wholesaling?