Welcome to Real Estate Coaching Radio hosted by the nation‘s leading Real Estate Coaches, and best selling authors of HARRIS Rules, Tim and Julie Harris. Listen now to real estate coaching and training that will give you the exact path forward in your real estate business. You will learn real estate scripts, real estate listing presentations, how-to generate real estate leads. Tim and Julie Harris Real Estate Coaching has been the proven resource for over 2 decades with 1000s of real estate pros trusting Tim and Julie Harris for their real estate success. Recognized by The Motley Fool, Inman News, Google (and countless others) as one of the most influential podcasts in real estate. Tim and Julie Harris are proudly partnered with EXP Realty.
Episodes
Friday Feb 26, 2021
Buyer Agent Commission Wars Heat Up
Friday Feb 26, 2021
Friday Feb 26, 2021
ALL the drama is on the buyer side.
The listing agent ALWAYS wins.
Developments on the buyer side:
1. Buyer's Agents VOLUNTEERING to chip in some or all of their commission just to win in a competitive bidding scenario.
2. Listing Agents reducing buyer side commissions in the MLS.
3. Builders reducing buyer commissions, sometimes to 0%.
4. Listing Agents / Sellers asking buyer's agent to chip in or eliminate their buyer side commission DURING negotiations so they'll accept the offer.
5. Buyers having to be asked to pay out of pocket for buyer agent commissions.
6. Buyers are asking to finance the buyer side commission into their loan.
7. Buyers getting sick of losing and going directly to listing agent.
8. Buyers paying sellers a cash bonus to accept their offer.
9. Zillow eroding buyer side commissions as well as re-routing leads to in-house agents.
10. Buyers getting licensed themselves to create commission and / or negotiate for themselves.
BE. THE. LISTING. AGENT!