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All Forum Posts by: Lina Williams

Lina Williams has started 0 posts and replied 2 times.

I am a Realtor in the area, and you have been misinformed. Every commission agreement between a listing agent and seller is negotiable and the negotiated percentage is determined by the Seller and it is shared buy the listing brokerage and the brokerage that brings the buyer. The only thing that has changed by the new law is the pre-negotiated commission can no longer be listed in the MLS, so now agents that work with buyers will now be required to have clients sign an agreement committing to a certain commission percentage to the buyer whether or not the home that they purchase has a commission offered by the seller. The Buyer's Representation agreement has already been in use in California for many years.

If your Broker said that there will be a 5% commission, they can't give that to you unless you happen to also be an agent. That law is still the same

Post: Selling 3 single family rental property homes in STL MSA

Lina WilliamsPosted
  • Realtor
  • Monterey, CA
  • Posts 3
  • Votes 2

Just sent a connection request.  I am interested in getting some additional details.