"Rolling-In" Buyer Agent Commissions ILLEGAL?
Real Estate Training & Coaching School
Real Estate Training & Coaching School
4.4 • 705 Ratings
🗓️ 13 September 2024
⏱️ 46 minutes
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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. |
| 0:10.2 | This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience. |
| 0:18.2 | What's really working in today's market, how to generate more leads, |
| 0:21.8 | make more money, and have more time for what you love in your life. And now your host, Tim and |
| 0:28.3 | Julie Harris. Welcome back. Today we're going to be answering the question that we've been getting |
| 0:34.2 | a lot in different channels about how to roll in the buyer |
| 0:37.7 | agent commissions. A lot of people have been speculating that it's illegal, that what we're saying |
| 0:42.2 | is incorrect. There was an article on housing wire that was kind of dancing around the issue as to |
| 0:47.8 | whether or not it's the best thing for the case of the buyer. But what we're going to be doing today |
| 0:52.0 | is we're going to be giving you the chapter and verse on why rolling in buyer agent commissions is actually legal, and we're also going to tell |
| 0:59.5 | you how to go about doing it yourself. Now, I want to be very clear. When will you be asking the |
| 1:04.5 | buyer to actually finance their own commissions as part of the transaction? Well, that's only when the |
| 1:09.6 | seller's not willing to pay your commission as part of a concession towards the buyer, Well, that's only when the seller's not willing to pay your |
| 1:11.5 | commission as part of a concession towards the buyer, obviously, you know, for the sake of doing the deal, |
| 1:15.8 | right? There will be extreme examples, I imagine, where there'll be maybe hybrids. The seller will |
| 1:20.7 | contribute a little bit in the form of buyer concessions, and maybe the buyer agent will finance the |
| 1:24.8 | rest as part of their mortgage and things of that nature. But what matters most that you understand is that you can indeed have your buyer roll in your |
| 1:34.1 | buyer agent commission into their mortgage. And there's a specific way to go about doing it. |
| 1:39.2 | And unfortunately, a lot of this information is rather droll. Wouldn't you agree, Julie? |
| 1:42.8 | It is. But, you know, I think you |
| 1:44.3 | guys need to be really clear on the facts because this is something that will happen for you |
| 1:49.1 | occasionally, and you need to know how to do it correctly. And we wanted to make sure you know |
... |
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