Trusted & Proven Complete Real Estate Home Buyer System
Real Estate Training & Coaching School
Real Estate Training & Coaching School
4.4 • 705 Ratings
🗓️ 17 July 2023
⏱️ 37 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. We have a great topic for all of you today. What we're going to be |
| 0:34.0 | focusing on is the importance of having a exclusive buyer agency contract signed. |
| 0:39.9 | I'm going to start out by selling you into the understanding of why it's so important. |
| 0:44.3 | There are a lot of changes that are happening right now, and we've been talking about it periodically on this podcast and our coaching program, |
| 0:50.3 | about why we believe it's very realistic to assume that in the near future, you're going to have |
| 0:56.1 | to have an exclusive buyer agency contract sign for every buyer you work with, just like when |
| 1:02.2 | you take a listing, you have to have an exclusive listing contract sign with that particular seller. |
| 1:06.1 | Now, why do we speculate that might be true? |
| 1:08.6 | And here's the real bottom line reason why. |
| 1:12.6 | In the next maybe 24 to 36 months, maybe faster, what we're going to see is that the buyer agency commission is no longer |
| 1:18.2 | going to be an entitlement to the sale. In other words, right now, buyer agents can just rest assured |
| 1:23.9 | that there's going to be a co-op or a buyer agency commission that's going to be paid by the seller on every transaction. But we are seeing lots and lots of reasons, and again, |
| 1:31.4 | we won't get into it in this podcast, lots of reasons to believe that legally that's actually |
| 1:35.8 | going to change so that if you are working with a buyer-buyers agents, you're going to have to |
| 1:40.2 | actually, in essence, sell that buyer into why they should be paying you directly your |
| 1:45.9 | buyer agent commission. You heard me correctly. Just as if you were going on a listing |
| 1:49.4 | appointment, you've got to explain to the seller why you're worth whatever the listing commission |
| 1:54.2 | is. You guys, those of you who are prolific listing agents, you know what I'm talking about. |
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