NAR Lawsuit: Buyers Agents & Listing Agents
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Everyone's talking about the NAR settlement.
eXp Realty leadership is leading from the front. They were the first ones to book calls with their agents the DAY of the news to cover how to help agents provide more value to the client.
Our business isn't going away; it's shifting.
But guess what? It's always shifting.
And over the last 30 years, there have been an INCREASE in the percentage of people using real estate agents to help them buy and sell. It went from 60% of people to 80% of transactions are used with real estate agents.
Use the tips from this video, plug and play it into your business.
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I can see buyers skipping the entire buyer side agents. When you disclose to the buyer that any commision not paid by the seller is their responsibility, say good bye.
@AlitheAgent
2 ай бұрын
I might hand them off with 3 contacts for real estate attorneys that they will likely need 2, 3, 4 years down the road when they realized they signed off on something that wasn't fully disclosed to them. All because Dual Agency (if buyers are represented by listing agents), do not get majority of the rights to representation that buyers agents would look out for and warn their buyer clients of. the attorneys will win, and the overall divide between the rich and the poor will continue to happen right before our eyes. Oh, and those attorneys, will charge them way more than the cost of what their buyers agent would have been.
@rack9458
2 ай бұрын
@@AlitheAgent Good try, but an atty at $250 hr is far cheaper than buyers agent at 3%. The attorney also represents me far better than an agent.
@AlitheAgent
2 ай бұрын
@@rack9458 They don't sell real estate, they won't be in the inspection with you, they won't schedule them for you, their profession isn't sales and negotiation. Now I'm NOT saying everyone needs a real estate agent. Plenty of people can buy and sell on their own if they know the forms. The earlier point is that should the buyer make a mistake by using the listing agent, and then have to hire an attorney on the back end to sue, the attorneys then typically take a portion (one-third) of their amount if they win. That, along with headache and the trouble, doesn't seem like a financially responsible idea. To each their own though! I'm glad you won't use a real estate agent. Not everyone needs one! No one is trying to convince you to use one