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Real Estate Training & Coaching School

Podcast: Breaking News, Buyer Agents Commissions Coming To An End? | Tim and Julie Harris

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 7 October 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

Last week after a long protracted legal dispute the future for buyer agent commissions (co-op) is in question. For generations the seller 'automatically' paid the commission for the buyers agent. Even though that agent represented the buyer of the transaction. On the surface this made sense. The buyer agent generated the buyer from their efforts and thusly should be paid for bringing the buyer to purchase the home. The argument is that the seller wasn't given the option to pay the buyers agents fee. It was assumed the seller would cover the total commissions for both listing agent and the buyers agent. The buyers agent wouldn't have to convince the buyer to pay their commission because of the (mostly US) co-op agreements the seller would cover the cost. Now it seems all of that may be changing. Listen now as Tim and Julie Harris give you a debrief of the details and then your drilled down action plan. Listen now. 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 others and making money now in today's real

0:38.6

estate market now to our hosts tim and julie harris three two one hey julie we're back yes

0:48.4

we are actually broadcasting from murphy north carolina we're're sitting in actually a very nice convertible

0:57.0

with top up that our friend Collette McDonald up in or down in Atlanta lent to us to drive on

1:01.9

this little sojourn we're doing through Appalachia. Julie and I decided to take a week off and go

1:06.5

walking through the leaves in through Appalachian and I have to say we this is the first time, well, first time I've been to this area of the country since I was a kid.

1:14.6

You've never been here, right?

1:15.7

Not right here, nearby, but it's been a long time for both of us.

1:19.5

It's gorgeous and it's nice to get out of the hot.

1:22.2

Not that we're complaining about the Caribbean, but it is nice to be in some crisp air. Well, you know, one of the biggest, I think, stark contrast is how mountainous it is here. Yeah, completely different. Yeah, we're

1:32.1

VRBOing this cabin that's, uh, you know, you wake up in the morning, well, we went on a walk

1:36.8

this, well, let's just put it this way. Or like a hike. Everything, yeah, it was a short walk. It was probably a quarter of a mile, but it basically wiped us out because everything was straight up and straight down. But we could see for miles and you could see the, if you ever

1:49.9

been like on the coast of California, you could see the marine, you know, the marine fog or marine

1:54.7

haze that comes in sometimes. That's exactly what looked like it was so beautiful because we were

1:58.2

in the top of this mountain looking over and we could see for, I't even know how many miles 100 miles probably all three states georgia tennessee and

2:05.8

probably this gorgeous looking down on the clouds yeah nice and crisp leaves starting to change so

2:11.3

yeah i think people in this part of the country are pretty blessed yeah and we talk to uh it's got

2:15.9

just getting to know people we've only been here for a couple days but you can imagine jalea and i talked to, it's got to, just getting to know people. We've only been

...

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