Buyer Agent Commission Wars Heat Up

Real Estate Training & Coaching School

News, Business, Business News, Careers

4.4 • 705 Ratings

🗓️ 26 February 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

ALL the drama is on the buyer side. The listing agent ALWAYS wins. Developments on the buyer side: 1. Buyer's Agents VOLUNTEERING to chip in some or all of their commission just to win in a competitive bidding scenario. 2. Listing Agents reducing buyer side commissions in the MLS. 3. Builders reducing buyer commissions, sometimes to 0%. 4. Listing Agents / Sellers asking buyer's agent to chip in or eliminate their buyer side commission DURING negotiations so they'll accept the offer. 5. Buyers having to be asked to pay out of pocket for buyer agent commissions. 6. Buyers are asking to finance the buyer side commission into their loan. 7. Buyers getting sick of losing and going directly to listing agent. 8. Buyers paying sellers a cash bonus to accept their offer. 9. Zillow eroding buyer side commissions as well as re-routing leads to in-house agents. 10. Buyers getting licensed themselves to create commission and / or negotiate for themselves. BE. THE. LISTING. AGENT! Schedule A Free Coaching CallListen on iTunesListen on SpotifyListen on Stitcher

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio, starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:21.2	Real Estate Coaching Radio is the nation's number one daily radio show for realtors
0:25.9	who demand authentic real-time coaching.
0:29.1	Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working
0:34.0	to get you into action, helping others, and making money now in today's real
0:38.6	estate market.
0:39.8	Now to our hosts, Tim and Julie Harris.
0:45.2	Three, two, one, and we're back.
0:47.4	And Julie Harris, it is February the 26th.
0:49.8	And I have some good news, bad news for you.
0:51.7	All right.
0:52.1	Lay it on me.
0:52.8	Well, here's the bad news.
0:54.6	Are you ready?
0:55.4	In the next three weeks, basically.
0:58.7	You and I are, we're going to be a year older.
1:01.9	That's true.
1:02.9	It's a good news bad news thing.
1:03.9	I'm pretty sure that's good news.
1:05.4	Well, yes, that's how I perceive it too.
1:07.4	Yeah. But even at even in our age, it's a good news thing because it's better than the alternative. Yes. Right? I mean, that's at the end of the day. So happy near birthday. Yes,
1:15.5	you as well. Yes. Should I tell everyone how old you are? No, you may not. Although I am accepting
	...

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