Nothing is really changed. The cost of the fees is still the same

Sep 17, 2024
3:13:41pm

DataMouth All-American

Now it's just transparent.

The other thing that changed is that as a buyer you must sign an agreement with an agent to show you homes. This signifies that you have hired them as an agent and that between you and the seller their fees will be paid.

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DataMouth

Previous username: newbie
Bio page: DataMouth
Joined: Aug 12, 2005
Last login: Sep 18, 2024
Total posts: 15,177 (199 FO)

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Messages

Author

Time

Question about paying buyer's realtor commission

volleyjiver

Sep 17, 2:25pm

My parents are in the process of selling their house in CA and its the seller

creameryon9th

Sep 17, 2:30pm

it can be negotiated as part of the offer. I'm trying to buy right now, and

303coug

Sep 17, 2:35pm

This is the correct answer.

cougar95

Sep 17, 2:38pm

Yep. You just have to take into consideration with offer as negotiated.

Soupie

Sep 17, 2:41pm

My uneducated opinion is that nothing has really changed since the settlement.

crack

Sep 17, 2:50pm

100% correct. Nothing really changed other than there is no buying agent commission advertised. Buyers agent would need

RoaroftheCougartails

Sep 17, 3:03pm

Yes, I didn't fully understand what my Realtor was saying, but I just spoke to

volleyjiver

Sep 17, 3:15pm

Then you'll probably get more "Steering" if Sellers start doing that

DataMouth

Sep 17, 3:16pm

Oh for sure. You always want to entice agents to bring buyers.

RoaroftheCougartails

Sep 17, 3:22pm

Everything is negotiable. Also, consider not using an agent on your next offer.

Cougarbib

Sep 17, 2:59pm

It's for an investment property out of state, in which the realtor will be the

volleyjiver

Sep 17, 3:12pm

Nothing is really changed. The cost of the fees is still the same

DataMouth

Sep 17, 3:13pm

Your agent should have had you sign a contract before any viewings

supersix

Sep 17, 8:13pm

No, I'm buying sight unseen. But with the purchase agreement he also included

volleyjiver

Sep 17, 8:50pm

That exactly what a buyer/broker agreement is yes. And the new rule is one must be signed before an agent can legally

RoaroftheCougartails

Sep 17, 10:05pm

They have always been required when an offer was made but now they are before any showings happen. I have always been

RoaroftheCougartails

Sep 17, 10:08pm

I don’t think it gives the buyer more power with the seller, it gives them

supersix

Sep 17, 10:20pm

Gotcha. I guess every agent is different. I, for one, will never have my buyers pay a commission. If I can't negotiate

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