End The Buyer Agent Abuse! (Part 2)

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 24 March 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Todays show is PART 2 of 'End The Buyer Agent Abuse!' Listen to today's show only if you want the cold hard truth about the (near term) challenges facing buyer agents. The simple fact is that being primarily focused on buyers may simply not be a viable business model in this market. Understand, over the next 3-5 years the market may tilt back in favor of buyers. Until then, the downward pressure on buyer agents commissions is real. Add to this the historic INcrease in new agents that is coming now. Most new agents are giving the (very very bad) advice to focus on buyers. That means that not only is their a lack of homes to sell, not only is their a downward commision trend for buyer agents, but now the number of agents competing for buyers is projected to increase in 3-5x. Listen now to learn how to help your buyers WIN the home and stay relevant. 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. Now to our hosts, Tim and Julie Harris.
0:45.9	Three, two, one, and we're back. Julie Harris, how are you?
0:50.3	Good. Lots of calls. Lots of good. Facebook Live, Premier coaching mastermind stuff. And the continuing, I feel like, I've been watching too much Muppet show with Zoe, the continuing saga of the buyer agent abuse.
1:04.6	Oh my gosh. Right. But that's what it's like. They're like all these questions. A lot of it commission-based. A lot of it, like, you know, like, how can my buyer compete when they do this and that
1:15.8	and the other thing?
1:16.4	And they still get beat out because somebody gave the seller an extra 10 grand.
1:20.2	On our clubhouse this morning.
1:21.2	All that.
1:21.7	On our clubhouse this morning.
1:22.8	Yeah.
1:23.1	I don't know if you were on at the time.
1:24.6	We had a gentleman, I forget what market he was in.
1:28.0	There's someplace, like, deeply in the Midwest. It was the Missouri person. It was Missouri. Yeah,
1:32.8	yeah, yeah. Thank you. And it was like the northwest part of Missouri. And he said in his, normalville,
1:37.5	normalville. He said in his market, it's the buyer agent commissions are noticeably dropping to like 2% and less.
1:45.4	And the point being is that those of you in the country who think you're going to just work
1:49.8	buyers until the cows come home and the changes to the buyer's agents commissions that are
	...

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