3 months in, what has ACTUALLY changed....

[Kenny Smith]

🏡 2 months in, what has ACTUALLY changed? 🤔

We are 2 months removed from the NAR lawsuit settlement changes.

What I am seeing....

✅ Buyers still working with buyer’s agents
✅ Most sellers still offering a buyer’s agent compensation
✅ More transparency to buyers and sellers

Sure there were some changes, but I am seeing things are BUSINESS AS USUAL.

Seller’s are still given the opportunity to negotiate all commissions (including if they choose to pay a buyer’s agent), and buyers are still given the opportunity to do the same regarding their agent’s commission. 🙂

[Jay Hinrichs]

its creating some friction with brokers that are representing buyers  Listing agents no change.

the commish is becoming a negotiation just like a home inspection..

I know on my new builds since we cant put the BAC on the listing the brokers bringing in Buyers just pop in what they want to make and well its more than I am willing to pay when I have to build the house for them and meet with them time and again. So we counter back at half   or less of what the broker ask's for.. The great thing is its on the counter offer and the buyers agent has to explain why the buyer should pay more than what the seller is offering. Even though they have a buyers brokers agreement .. Buyers at least so far for us are not willing to pay their broker more than what I am willing to pay regardless of the buyer broker agreement.

To me this is very market dependent and product dependent.. in our Market some developments that are red hot that Lennar owns they might only offer 5k on a 600k sale.