Buying a Home Just Got More COMPLICATED

[@kimmyk1]

As a broker here is some info for buyers without paying for an agent. Need to get approved for financing first. Find the house and do inspections. Structural issues can be so common and very expensive to repair its worth it. An EMP ie ELECTRICAL MECHANICAL AND PLUMBING INSPECTION. Great as well. Termite inspection. Hire your own. Do not rely on the sellers agent. You can find one online. Warranty companies do not pay. Save your money. Check what insurance will cost. Taxes available online. The cost will increase if your paying more than the current value per the assessors office. Read your contract well. An attorney can assist. Also check if a homeowners association. As for me I will never have one. Talk to neighbors around the home. They’re a wealth of info on the home and neighborhood. Just an FYI.

[@melissaabramson3522]

Totally correct... but unfortunately with this new law and past experience of a buyer agent who failed me due to conflict of interest, it is unlikely I will hire a buyer agent on my new pending house...

[@kathiejohns1418]

I am a low income first time buyer.....sounds like I am screwed! I feel now like giving up on ever owning a home!

[@tonyyero7231]

I did it myself with the seller. I have bought and sold many times with agents..no problems on my own!

[@SalvatoreCorwin-i6v]

If you’re looking for more information, her name is [-*Kris Lizette-Dornbush-*]. Search for her online or send her a message through her website for further details.

[@Shannon_Stamm]

Would you recommend this to a first-time buyer though?

[@Lisa_688]

This is something I have been considering for my next home. I definitely needed the agent for my first two homes, but my last two homes I knew what I was doing and am began to wondering why I am paying an agent when I am doing all the legwork. I feel like as long as I have an attorney, why do I even need an agent anymore?

[@kathiejohns1418]

As a low income first time buyer do you think I need an attorney or would my loan officer be all I need?

[@loumartinez33]

Open houses are gonna become a big deal in real estate because most buyers are not gonna want to sign anything just to see a house.

[@kimm5555]

My agent made everyone who came to open house sign contract.

[@Unapologetic511]

Absolutely.We are going to go back to the good old days.face to face.Realtors just make it more complicated.A deal could be reached way before if the buyer and seller could be able to talk dace to dace.

[@curtissharris8914]

Lawyers don't make good real estate agents.

[@John1908-vo1iv]

​@@kimm5555that is illegal

[@thereare4lights17]

@@kimm5555 This is unethical. People are allowed to, and have a right to represent themselves. No one can be forced to use an agent.

[@kevinschlosberg7124]

Good luck to real estate agents, buyers don’t want to sign anything prior to viewing houses and buyers don’t want to pay you any commission. Say thanks to you NAR.

[@RichardParkerTheRealtor]

Not true. I just had 4 buyers sign an BA agreement before looking at homes. If you’re a good agent your clients will understand and be willing to sign and move forward. Kevin you may be the 1% who may not want to sign a buyers agreement which is fine but most people will sign if they want you to help them

[@kurtisquintana7069]

My business has increased since the change lol 😂

[@Atl_celebrity]

@@RichardParkerTheRealtor and those whom signed foolish for signing

[@RichardParkerTheRealtor]

@@Atl_celebrity that’s your opinion which 1000000% don’t matter at all. I don’t know who you are I know you’re probably just a fake account just to troll peoples pages

[@Fairy71128]

Yes, it’s going to be tough…

[@annabanana2623]

Time to get rid of real estate agents. They're purposely ruining it.

[@Jdalio5]

It's easy to answer all these questions....its ALWAYS which ever option benefits a realtor more or get the home sold faster.

[@Bryan-yq9pz]

Hourly rates are great as long as you include a "Not To Exceed" amount.

[@Prophezora]

I dont want to own ahome anymore. Lol this is getting way too expensive. Its probably cheaper to just get a realtor license and become your own realtor.

[@tsormmh3590]

What do you mean? You can buy a home without being licensed. You would be opting into paying for the classes and exams to be licensed and then having to pay brokerage fees and splits, certification fees, continuing education fees, local and national dues, E and O insurance, etc. Why would you spend the time to become a real estate agent for just yourself?

[@JoaninFlorida]

@tsormmh3590 it is in no way cheaper to become a realtor. The previous commenter is correct about the many costs of maintaining a license. However, every young person should probably go to real estate school and learn the facts since they will likely be involved in several high money deals in their lifetime. This thread is full of angry, clueless, know-it-alls who are mouthing off about ridiculous things that boil down to nothing more than ignorance, arrogance, and stunning cheapness. This needs to stop. Realtors are not the enemy. Basic buyer and seller ignorance is.

[@joaultman]

@Prophezora I have one and yes if you buy a home you get the commission

[@trishbrown2297]

Why are buyers having to pay more out of their pockets? Buyers are already paying thousands of dollars just to get a house. No one wants to have to pay MORE. I was considering buying a house in 2025. This makes it less desirable.

[@JackieBaker]

You would only have to pay if the seller is not offering to pay your agent’s commission.

[@Bryan-yq9pz]

Just offer less for the house equal to what the fee would be.

[@Rose-qr4xn]

@@Bryan-yq9pz Sounds easy. Yes you can sign a contract for a home at a lower than asking price, but where are you going to get the money to pay the Buyers Agent that you agreed to? Unless you’re buying with cash, many lenders will not lend you money up front to pay the Buyer Agent what you agreed to on the BA Agreement.

[@smiller6925]

The real problem is for people who barely have ready cash for down payment and the fee would be a difficulty for them. But maybe they are buying too much house for their financial situation?

[@IceCat143]

This is the stupidest rule ever passed in RE. So many “unintended” consequences. Hurts everbody.

[@barrydhurieux7062]

This is not a stupid rule actually, the buyers agent don’t do much most of them. Sit there just waiting for the contract to close to get 3% which is way too much for doing nothing. The public could do this themselves. They don’t need to buy his agent.

[@LT-em1vu]

This is what happens when a industry will not change with the times. You don't change we will change you (the government). You can't keep charging high fees with the internet doing more and more of the jobs. AI will change even more to come.

[@Thierry-l3k]

In some states you don’t need a realtor, there are real estate lawyers who can draw up the contract. Buyer and seller agree, sign the contract and it’s a done deal. A friend of mine has sold two of his homes as “For Sale By Owner” and saved thousands.

[@ABCD-si7px]

Wait till all the buyers and sellers realize you don’t need realtors at all.

[@JoaninFlorida]

Where have you been? It's called a FSBO and the buyer is called a sucker. You could always do it all yourself, just like you could always build your own house.

[@Smitty_34]

LOL…. Owners have been selling their own homes to unrepresented and represented Buyers. You may not have heard of it because majority of the time, Sellers & end up calling a Realtor and Buyers bring a Realtor to protect their interest.

[@JoaninFlorida]

@@Smitty_34 Spot on. I guess this thread validates the old saying, "Never try to wise up a chump." LOL

[@colettesintuatives9256]

Yep! Just like the "old" days😉😁

[@LT-em1vu]

@@JoaninFlorida Your right but people are just dumb and refuse to learn anything. Just sit back and let someone else do it. Dumb. But, they go to work everyday, why? If you can afford to pay someone to sell your house $20-$30 or $40 thousand to sell your house why work, your rich.

[@cathybryant5119]

Some people in the live stream did not seem to value how much work a good buyer's agent puts in. We recently bought a house and our buyer's agent was invaluable. She drove us around to a lot of houses all over the region before we found the right one. At various houses, she pointed out issues that we might not have noticed. Once we were ready to make an offer, she reached out to the seller's agent a couple of times. We would have offered a lot more than we ended up paying, due to her diligence and advice. We were moving from out of town and she attended the inspection and the appraisal for us and set up a Zoom call with the inspector. The inspection showed up a possible electrical issue and she organized an electrician to come out and take a look. There was also an issue with the roof that she helped to resolve. We could not have done this transaction without her.

[@D.J.R63]

I am going to be putting my house on the market this month! Wish me luck!!!❤

[@theresabrown4836]

In Florida we have Single Agency with fiduciary duties with the ability to transition to transaction broker. Transaction brokers facilitate transactions only.

[@mikeeby8520]

Jackie- I think in fairness to the agents when they are acting in a buyers’ mode that a portion of their compensation is not only for that closed sale but also for those that after many hours/days/weeks of work resulted in a potential buyer not buying. This is not explicitly itemized in the settlement sheet of course but buyers agents rightly have to push for maximum compensation coming their way on THIS deal, otherwise all those past hours spent on deals that didn’t materialize really were worked for free. Nobody wants to hear this or cares (“not my problem”) but who among us is willing to work for free?

[@rubberducky6411]

They're nicely compensated at settlement,they know the game before they become agents .Today people take jobs then try to change the rules once employed but nobody forced you into the occupation you chosen.Choose wisely .

[@Shannon_Stamm]

@@rubberducky6411 It's not a game. We all know you hate agents, but you missed the point. Nobody works for free. Plus, it's optional, you don't have to hire one.

[@nancylyon-gray3499]

I had this questionable realtor. Had her for like 3 houses. She ALWAYS asked for the full percent for her and the other agent. Every damn time. The last time, I told her no and she replied, "What? Don't you think I'm worth it?" I responded with, "Don't you think I do?" I fired her.

[@KAZHE63]

Sellers who have had homes listed from before date of this lawsuit went in to effect, most likely had the 6% split baked in listing price. NOW they are refusing to chip in on BA when an offer is presented. Screw them!

[@LT-em1vu]

Exactly

[@petersilvestry3395]

I'm seeing Agents put the words "Buyer Agent Friendly" on the FOR SALE signs displayed in front of the houses.

[@JoaninFlorida]

Those are the agents who are going to survive this new mess buyers are in.

[@sidney4329]

QUESTION: To my dismay, I missed the live show! I'm wondering: if you go "dual agency," doesn't the realtor still have what you might call a "primary loyalty" to the seller? After all, that's where the whole deal started, and the realtor will do better the higher the sale price. (?) Love the show!

[@JackieBaker]

Thanks! Yes the listing agent has fiduciary responsibility to the seller. They are working for them.

[@movearoundwithpiracha]

Informative,thanks for sharing 👍

[@rosaperez6778]

Concerning VA loans how much out of pocket could be expected from a buyer? Also how long can it possibly take to purchase a home from day one to the closing date? Thank you.

[@johnfoster535]

This new " rule" is infuriating to any buyer who has bought homes in the past. Historically, the buyer has NEVER had to pay any commission. I, myself, will NEVER sign an agreement compelling ME to pay a " buyers agent" !!!! Agents will QUIT by the thousands, and deservedly so, for all the past greed they partook in with high commissions on inflated home prices !!

[@billycordero7857]

Can you please outline an estimate on average numbers what the buyers agent will have to pay as well as sellers agent. Thank you always look forward to new videos.

[@JoaninFlorida]

Buyers have just been royally screwed and plenty of you don't seem to understand that. It appears that lots of people are ridiculously jealous of real estate agents and don't understand how the system works. Real estate just became exactly like sitting in the little room at the car dealer.

[@LT-em1vu]

Realtor owners refuse to change their business model which would lower the fees, now the government stepped in. It's not over. More to come.

[@BellatrixV]

As always, love your videos - very insightful.

[@theresabrown4836]

Tons of education for agents, not enough for consumers who believe we have no value. NAR's info in more of a "notice" not "explanatory".

[@jr-nh2hn]

Everyone should sell their own home . Who knows your home best ( You do ) . Make sure the buyer has approved financing. Get a purchase agreement and disclosures from a Title Company and fill out the contract with the buyer . Make sure they put a deposit for escrow if they back out . The Title company holds that money until the home closes . The Title Company closes the deal . It’s really that simple .

[@ThrowBackZone]

So, basically, buying a home is now like trying to solve a puzzle while blindfolded. Thanks for the laughs and the info, Jackie! 😂

[@Talos2u]

I was contemplating about purchasing a new home, but with the new laws i have decided to forget it, unless I find a for sale by owner. With the new laws concerning viewing property, this is a killer for sure. YOU CAN"T even view a home by a realtor today!

[@Jasmine2024]

One of my friend went thru a hell during last month because of it! She had to cancel 5 times those buyer agreement with those greedy buyer agents who didnt want to show her cheaper homes only arrange showing for more expensive homes and charged her 3% ! And they forced her to sign 3 months agreements with them! and now NO seller offer any penny for the buyers agent! Only fixer up companies who want to sell a $100k , 124years old home , $300k after painted it! Offer to pay for buyer’s agent.😕 This new law deeply hurt buyers because buyers should pay a lot of money for their agents at the top of other costs! It seems this new law made a mass in real estate market and especial makes much more difficult for buyers especial first time home buyers to buy a home!

[@Ooops1984]

Great topic. When did the seller start paying the coop to a buyers agent...we need to go back and explain where and why it ever started.

[@JoaninFlorida]

Buyer's agency started because the buyers were and are now again at the mercy of an agent who doesn't represent them. The seller's agent has a fidicuary duty to get that seller the best price and best deal possible. You are just a lone sucker in that set-up but the people here seem to love being in particular position.

[@Ooops1984]

@@JoaninFlorida still doesn't explain why sellers takes it in the cheeks :-)

[@JoaninFlorida]

@@Ooops1984 Just sell it yourself. Easy.

[@EliseDunn-tz7vr]

I was watching your latest live video and the concept of flat fees for agents got brought up. When selling I don’t believe a flat fee would be a good thing for the seller because you want your agent to sell your home for as much as possible. In that case a percentage would be more desirable because it provides extra incentive to the agent to get the most money for their client. When buying, a percentage would be less desirable because you want your agent to find you a home that you really want, but also at a good price. In the case of buying I think that a flat fee is most desirable.

[@charlesphilhower1452]

I am happy that I am out of New Jersey. I was a landlord in NJ for forty years and with the the massive increase in property taxes and other expenses and the changes in tenancy laws it is not worth the aggravation. The fact is my former tenants can no long afford to live there an nether can I.😮

[@goodenoughgirl8102]

I just don’t like having to commit to an agent too soon. If I had some way to just do a short test run with them, then I’d be more willing to sign off with them (or not and walk away). But I guess you just have to do the whole vetting process up front then. And Bcuz buyers find houses online first these days instead of the old days when you had to either go run around town or hire an agent to show you what’s for sale.

[@sangwankuldip]

Can you tell me sponsorship from broker for new agent cost something or how can someone get sponsorship for application new agent license. Please

[@JackieBaker]

I’m not understanding what you’re asking. Sponsorship?

[@sangwankuldip]

@@JackieBaker Sorry for that I didn’t explain it clearly. If someone applies for New York real estate agent license there is a certain requirement. 1 should be 18 years old 2 ..77 hours pre licensing classes 3 pass the exam 4 sponsorship. Find a sponsoring broker , who will agree to supervise you. 5. Submit application

[@stedmays2768]

Thanks for discussion. Still confusing for buyers, the specific amount of buyer's agent commission, or flat fee, or whatever, hard to know. One person suggested the buyer might negotiate buyer agent commission with each offer, if the seller doesn't pay the buyer agent commission.

[@ABCD-si7px]

Or don’t use a realtor at all.

[@stedmays2768]

@@ABCD-si7px I think it's important to have some kind of representation --- if a realtor is not used, would a buyer need a lawyer to submit offers or what would be the best way for a buyer to proceed in your opinion?

[@ABCD-si7px]

@@stedmays2768 You can hire anyone to advise you about anything. Why would you hire a realtor? They do the OPPOSITE of help you.

[@lonestarusa732]

Question - So will we have to pay my agent anything at all if I cancel the contract due to not going well relationship?

[@JackieBaker]

You shouldn't. Make sure you agreement states that you don't pay them if you cancel.

[@israeltor]

QUESTION: Whatever concessions the Seller is offering to the buyer is literally for the Buyer to do whatever it is they please with it. Why would any Buyer want to spend thousands, in some cases, tens of thousands of dollars to pay their agent when they can use that money instead for closing costs? Is a flat fee model more likely what will eventually prevail? Like an escrow fee in similarity? - Thank you for your great content, it is invaluable!

[@carolerichard5250]

Lawyers always COMPLICATE everything!!!🙄🤪🙄 So if you’re needing to sell and to buy… are you going to spend more over-all…. than if it was done the original way? This is so darn complicated it makes me prefer to stay put!!! It was scary enough to sell or buy before this extra legalese nonsense was added.

[@msgiselle954]

Tell me about it.. I went directly to the seller's agent and now I want my deposit back & sellers agent says no I never represented you then I went to 2 attorneys one wants $2500 retainer & $375 an hour to negotiate my $10,000 deposit the other Attorney wants 50% ($5000) to get my deposit back & I had to pay an consultion fee for both attorneys to help me & if they right up another contract they are charging $300 each contract plus an hourly fee upfront but won't go over my inspections for free even if I pay these fees. This is worse than having an buyers agent & I'm too embarrassed to call my previous buyers agent because I told them I don't need to sign an buyers agreement or need an agent now & now I feel like I preferred the old way of things.. because no one is helping me & I'm pretty much unrepresented & Attorneys are much more greedy and doing much less than the agent I let go because I didn't want to sign or pay the fee for initial help!!Sellers are winning & buyers are now honestly losing I'm realizing with this!! IM PISSED!!!!!!!!!!!!!!!

[@JoaninFlorida]

Lawyers bill by the hour. They have no incentive to settle anything. But the people on this thread are hysterical about negotiated commissions on hundreds of thousands dollars deals.

[@grahammatthews1428]

Jackie... I just heard you say you would take 2% if the Seller is only agreeing to pay 2% and your Buyer Representation Agreement said your agreement is for 2.5%... we have been told in CAR training that you are not allowed to do that. What does your CB manager say?

[@JackieBaker]

We’ve been told the same but as an Independent contractor I run my business how I want. I will challenge it. And I’ve already said that I will.

[@grahammatthews1428]

@@JackieBaker I appreciate your approach. Mine will be the same if it appears that will be acceptable to NAR or my local Assocation. However, I will proceed with caution. My thought is that if the Seller won't pay the full fee and the Buyer doesn't haver the extra, the Buyer can always chose to pass on the deal and move on to the next property that will pay the fee.

[@lisayi-samala3530]

I think buyers agents are important when it is for writing up contracts, showing homes outside of open homes....but other than that..... after buying 7 homes..... i dont think they ever negotiated appraisals..... inspections.... but.... now- buyers agents are 100% needed for foreclosures. I will pay the damn 3% for short sales and foreclosures.

[@joaultman]

@lisayi-samala3530 buyer agents are not writing the contract, Jesus Christ! The lawyers in the group does. This is why you all get bamboozled

[@andy2445]

I am about to go get my own real estate license.

[@chrissithlord4760]

I got fat this summer. I am still trying to buy small section 8 homes but it’s tough out there.

[@CMarkR]

How was the percent based buyer’s agent model (paid by the seller) not a conflict of interest? As a buyer, why should MY agent make more money for selling me a higher priced house? Shouldn’t they make more if they find or negotiate me a better deal? How can they really have a “fiduciary duty” if the buyer agent’s incentive (more $) and the buyer’s best interest (getting the best deal/lower price) conflict? It’s no different than paying the appraiser based on a percentage of the appraised value (which is illegal).

[@stephenprice5882]

QUESTION: Why do we need a buyers agent? Can't we just deal directly with the sellers agent once we find the home we like on the websites? What added value would the buyers agent provide?

[@ABCD-si7px]

Yes and none.

[@stephenprice5882]

​@@ABCD-si7px or would the buyers agent negotiate terms better for you on the sale and purchase agreement?

[@IceCat143]

Then, the sellers agents will start charging more for dealing with buyers directly as this will quadruple their work. Buyers agent is the party who does all the leg work of showing homes, negotiating, dealing with the contract deadlines etc.

[@JoaninFlorida]

Wake up. If you want to deal with an agent legally representing the "other side" of the sale, have at it. You clearly don't understand that the seller's agent has a fiduciary duty to get that seller the best price and deal possible. The seller is their client, not you. You are a sucker in that situation.

[@JoaninFlorida]

@@TenebraeObscura Sure, go ahead and do that. I'm sure the sellers will love you for it.

[@curtissharris8914]

Now days with technology agents offer around 40 to 8 0$ per hour of value. I could see a listing agent - important. A showing agent door opener. A negotiating professional virtual with escrow expanding services handling the transactional elements that assist buyers.

[@LtColDaddy71]

There are so many barely active agents, then their is my agent. She knows every house, every owner. 1/2 the houses she sells, we’re never listed.

[@theresabrown4836]

EVERYONE looks at real estate online. Agents will get them from showings through the closing, i.e., timelines, inspections, negotiations, riders, addenda, and advocacy.

[@iammykidsmom4]

QUESTIONS QUESTIONS so why not bypass this whole thing in get a lawyer realtor lawyer in call it a day 🤔 It's not that complicated.

[@JackieBaker]

You can absolutely do that

[@barbraphog600]

I’m going through this nightmare right now as a seller

[@colettesintuatives9256]

Once next lawsuit goes thru on commissions, other states will file... eventually NAR wil go bye bye

[@Nailsoupmedia]

why does it seem the seller is control? everything is paid through buyer funds so why doesnt exclude seller commission and make the seller pay their agent outside of the transaction? These new rules force buyers agents to set their client mindset better so there is no worry of steering. buyers agents that are worth it know how to negotiate AND negotiate their fee for clients that need it.

[@mir22v]

To buy a house, the buyer (or use a buyer's agent if you are willing to pay them 3% of the price of the house) writes the offer letter (there are plenty of sample letters online), gets an appraiser and inspector to check the house. To the buyer's agents..."what would you say you do here"? (3% on a $400K is a whopping $12,000)

[@ABCD-si7px]

Buyer’s agent just used a stock contract and helped you fill it out to benefit THEM. Sent you to people that benefit THEM. They are not lawyers. Educate yourself! Any seller is going to discard offers where they pay an agent. Smart people will list on Facebook.

[@JoaninFlorida]

LOL!

[@JackieBaker]

Omg🙄. Right and buyers could walk away if the seller doesn’t negotiate their agent’s commission. Seriously Facebook? Not so smart.

[@menottu]

Thought the outcome of this lawsuit was that the buyers pay the commission. So reaching out to the seller to see if they will pay the commission, seems to me as a back door, under the table loophole for the seller to con’t to be strapped w/ that commission. Or am i missing something???

[@JackieBaker]

No it’s not an under the table loophole. They can choose not to offer any commission and say no to a buyer if they ask for it. No one is forcing them to pay.

[@barrydhurieux7062]

Stop lying to the public. You do not need a buyers agent and you do not need to pay any agent to assist you with buying a property. You could represent yourself without cost.

[@anitaboush678]

She said you don’t need an agent to buy. She said it could be risky but you don’t need one. She’s not lying.

[@Shannon_Stamm]

First-time home buyers, like me, do need an experienced agent. Sure, you could represent yourself, but she also said that, so she's not lying.

[@raphael52]

I am in the market for a property around $700 cash.. I refuse to pay a realtor. Maybe if I was selling a house, because that would make sense since their commissions would be based on the selling price. But to hire a realtor for my purchase?! That makes no sense, especially since their commissions is based on the purchase price. That's the exact definition of conflict of interest. For those sellers that will not work with buyers directly, good luck with that.

[@Shannon_Stamm]

If you're selling, ask your agent: Would you prefer to work with an unrepresented buyer or a prepared buyer w/an agent? And why?

[@raphael52]

@@Shannon_Stamm why would I ask the realtor what he/she prefers? I am the seller/buyer. Not the agent. So what does it matter what the agent prefers?

[@carolynjaynes9094]

I sold my own house at an open house with signs on the street corner and a Craigslist ad. My agent did the legal paperwork for the closing for $400 in 2000. I used the same agent for two previous properties both selling and buying. Now I'm retired, living full time in my motorhome in an RV park. Next, I want to buy fertile land in California for my homestead and organic gardens. But all I see are horrible dry properties in the desert.

[@kimm5555]

You also should call around because I wanted to do that and was told despite what agents tell you....California zoning does not allow you to live on your own land in an RV.

[@carmellaevanson1760]

when i bought my two other houses years ago as a buyer i had to pay my realtor not only that on one of those houses my realtor recommended that I pay 2000.00 more. Now Im trying to sell my house and im encourage to pay the buyers agent plus she recommended giving sellers concessions etc, etc,

[@butterflygirl3359]

Middle and upper middle class generational homeowners: make sure your adult kids do it the “old fashioned way” and use the agents as they were used before these new rules. Pay for them to be represented the old way if you have to. This leaves buyer’s vulnerable to all kinds of scams and issues regarding their property. I’m gonna make sure my kids are represented by a real estate professional throughout the transaction when they buy their homes and I think everyone should so so as well.

[@iammykidsmom4]

QUESTIONS QUESTIONS I am a 50 year old woman I want to pay cash do I still have to sign paper work I am not looking for a big home I am downsizing from 6500 to 1500 or 2000 so I need help

[@theresabrown4836]

Yes

[@iammykidsmom4]

@@theresabrown4836 Yes, ma'am. So I still have to sign paperwork even though I'm paying cash for my home. Am I responsible for paying my realtor fees 🤔

[@JackieBaker]

Yes you have to sign an agreement if you are using an agent. You have to pay for them if the seller is not paying the commission

[@iammykidsmom4]

@@JackieBaker ok thanks 😊

[@LT-em1vu]

Call a lawyer before you talk to anyone

[@robbymonaco3738]

Yes, let us know the red flags, keep these agents honest!

[@anthonyperrone8083]

“Shake it up baby”!!!😂

[@tanyatee5951]

Jackie are you Licensed in Florida?

[@JackieBaker]

No I’m not

[@tanyatee5951]

@@JackieBaker Thanks hun

[@trishbrown2297]

So if I look at 100 houses, will I be paying the realtor 100 times the amount agreed upon? Is it per house?

[@JackieBaker]

No. You would only pay at closing and if the seller is NOT offering to pay your agent.

[@joelmurphy4368]

You are not totally correct on zestimate. They are often very close! They can be a great data point along with your own research.

[@JackieBaker]

I disagree

[@Raee225]

Dual agency is not allowed in CO

[@duanecarr6712]

Yeah just to see how I gotta sign what? Nah I’ll sign a Christmas card but nothing that makes me liable or pay anything

[@mikimikemike1]

i deal direct with seller get a attorney for paperwork lien title inspection stuff

[@joseleysa5137]

I need your advise! I am a buyer have enough down payment and who is paying the agent?

[@JoaninFlorida]

Unless your buy with your own agent, the seller gives a full commission to their own agent and you get no representation or save nothing as a buyer. Nobody is working for you. If you bring your own agent, the seller's agent usually does some kind of split on the commission dollars the seller put on the table.

[@LT-em1vu]

Lol

[@valleyvlogsss]

Buyer agent don't do anything..I am the one looking for houses, I am the one doing due diligence of reading disclosures while reaching out to seller agent for representing dual agency..all the buyer agent do is definately open the door of the house besides open house days and ensuring the contract. Honestly they are exposed big time with the law change because prior to this they were playing double games with their client and sellers by not maintaining integrity about their personal commission interest..them losing the ruling but buyers are paying the price..it's not fair..wish there was a buyer representation during this ruling because it's v annoying for buyers since I can feel the enforced pressure from buyer agent to stick around for doing nothing whereas I personally don't prefer having this bond with buyer agent..I bought my first house without buyer agent through dual agency to get freedom to explore without hassle to please and over explain everything that I am paying for to my agent..it's a hassle.

[@JoaninFlorida]

Yeah, and when you get divorced, just let your spouse's attorney handle it. Your lawyer won't do anything for you anyway and therefore doesn't deserve to be paid to represent you. I'm sure your spouse's lawyer will negotiate ever so fairly with you and will fight to get you everything you want - and all at his client's expense! Gee, why isn't everybody as smart as you? You certainly know how to avoid "hassle!".

[@valleyvlogsss]

@@JoaninFlorida it’s your fault that the ruling went in the favor of sellers agent. Why weren’t we represented during this ruling? I can deal with the house contract through an attorney why do i need agents like you who don’t even bother to read disclosures and contracts. You are basically fooling us and sellers .. it’s literally free money too bad don’t cry now and start working yr ass off now instead of leeching around! Attorneys are cheaper than you atleast they will be paid for due diligence unlike you who pretend to do the contract and represent buyers whereas in most cases you only represent yourself whenever there is a need that you should protect buyers you almost always favor seller agent because well you need to continue to be in real estate market whereas we may just leave after one house purchase. The advice you are giving for divorce lawyers is exactly what we are doing by relying on you guys. You are not an attorney who represent buyer interest instead you are your own attorney and you tend to tilt per your own interest this is exactly what was proven in court!

[@valleyvlogsss]

@@JoaninFlorida you guys are not attorney representing buyers. You guys are infact working in your own interest maintaining relationship with seller agent to create your brand in real estate market. For that you don’t mind throwing buyers under the bus hence the ruling is what we see it now. Weren’t you exposed in the ruling that how you fool buyers if the commission is not in your favor besides that there are multiple instances where I have noticed you cannot even remember any details about house you are showing and just lie or pretend to know it all hence I call u door openers. Worst is reading disclosures.. forget about contract you cannot even show integrity while reading disclosures. Don’t insult attorneys by comparing yourself with them. They get paid for due diligence while you get paid for bluffing to represent buyers while u just representing yourself! Also if you care so much about buyers why weren’t they represented in the recent settlement, why didn't NAR push for buyer representation, because as always the focus was only on defending the existing commission structure rather than advocating for changes related to buyers.

[@Shannon_Stamm]

It sounds like you didn't do your due diligence by interviewing a minimum of 3 buyers agents and chose to continue to work with a shitty dual agent, which was your mistake. Also, as a first-time buyer myself, I have no problem paying a good agent because I know all the things that the agents do and how it will affect me. So, the fact that you think all they so is 'open doors,' means you do not have a clue about what you're talking about, especially for someone who wants to avoid 'hassle.' And I can tell you aren't following the lawsuit, more things will change, there is already a lawsuit against NAR by realtors, so good luck navigating all the changes and avoiding future legalities when you buy your home without proper representation. And as for your little comment, "don't insult attorneys by comparing yourself with them." Yes, it is a great comparison, as that is exactly one of the reasons why you need an agent to prevent going to court. Lawyers represent criminals. Do some research and educate yourself.

[@valleyvlogsss]

@@Shannon_Stamm Don’t assume that I haven’t interviewed buyers agent. For your information I have interviewed 10-20 of them. For my first home it took me 2 years. Infact for a long time I worked with dedicated agent who f**d with me when I really needed him to fight for me while closing a contract.. what he did instead was gave up saying he has to stay in the market work with same seller agents and I ended up losing 30k grands thanks to him protecting his own interest that’s when I decided to take things in my own hands. As far as reading disclosures and doing due diligence is concerned it’s the same story with multiple buyers agents whether they are highly recommended or dual agents in the end me being the buyer have to do all the work of reading the documents infact with chat gpt in place it has made it easier for me because the agents don’t even put an effort to do that. You guys can keep defending yourself but I have been doing this process for over three years to understand why buyers agents don’t deserve the compensation that you are asking for vs seller agents. It cannot be a coincidence that so many buyers agents suck at the sametime. Once I asked my agent if there was recent death.. she took sometime and denied and guess what first thing I read in seller disclosure was there was a death in last 3 years. Once an agent opened the door and started bluffing abt lot size being 10k sq ft while I clearly remembered it was as 7k when I cross questioned she corrected herself and started pushing me to buy since the land had ao much value. It has come to a point that I have to cross check everything the agents tell me because I cannot trust them with their lies! They have been caught red handed in court of law yet u guys keep telling they represent buyers but I hardly think that’s the case. I can directly work with attorneys instead of cross checking buyer agents lies all the time!

[@kimm5555]

Sounds like buyers and sellers should just work together and both parties will save.

[@LT-em1vu]

Seller are two dumb to read anything to learn, before calling anyone.

[@IceCat143]

Good luck to the buyers trying to do it themselves. They will quickly find out it’s not as simple as it looks.

[@JoaninFlorida]

​@@loumartinez33 Sure, there is nothing "difficult" about letting somebody else's agent make a double commission to write up your deal. Easy, peasy.

[@Baebon6259]

I used buyer agent twice and now I am about to close on my 3rd property by myself and seller's agent. I hire my own law firm to take care of the contract/document review, home inspection.

[@JoaninFlorida]

@@Baebon6259 After two transactions, you still don't get it. And unless you are buying commercial property, why are you paying lawyers?

[@LT-em1vu]

@@Baebon6259 Exactly. They refused to change so now it's over.

[@pmn2821]

Don't buy any real estate! The sky is falling, the sky is falling!

[@samkurz]

Buyer agent do a lot of work. I can't believe they're making this so hard for agents.

[@LT-em1vu]

Learn how to sell.

[@claudiakenworthy6050]

I hear contracts and I think lawyer not real state agent...but that's just me

[@TheresaStoyka]

Most people selling need to buy so they pay when the buy

[@JackieBaker]

Yup

[@ABCD-si7px]

Look up Fiduciary duty.

[@JoaninFlorida]

Exactly.

[@Galt1224]

This is WAY too complicated! Just charge a flat fee for your services on both sides.

[@keywestalert6329]

We know you are honest, but you should know that certain folks run the other way when they hear someone claim how honest they are no matter how well they know the person.

[@Hathor333]

49:40

[@woodyahh2110]

Nothing will change it will be business as usual seller will pay all commission buyer will pay the usual closing cost /escrow otherwise seller will not get any buyer’s

[@onekerri1]

Manufactured lawsuit. lol

[@BIGBOMPAS]

❤Vote NO on 4 Florida! don’t kill our US Citizens🙏

[@binki611]

This should be overturned. It is total crap

[@ABCD-si7px]

They shouldn’t have lied.

[@shawnmulligan5476]

Learn how these changes remove the integrity issues with buyer agents steering. Takes time to unravel old learning but it benefits buyers.

[@LT-em1vu]

Never happen

[@kimberleyweinert5292]

I have no issue with these new regulations. As a seller, I have to pay a selling agent. As buyer, pay for your own agent. Not my problem.

[@JackieBaker]

True. But then you’ll pay for another agent when buying your next house. Or you can go it alone.

[@joaultman]

All you realtors can go get fluffed, a lawyer can write up any agreement 🤝 ✌️ out

[@theresabrown4836]

Sure. Then ask them to schedule inspections, follow-up, negotiate repairs if needed, follow-up with lender if financing involved, get HOA, condo docs and other riders required, and pay them by the hour.

[@Shannon_Stamm]

They'll charge way more than an agent. Lawyers will write up contracts, that's it. They won't make sure you're not getting screwed over the deal. Good luck.

[@joaultman]

@Shannon_Stamm no they don't, I have 6 houses in Florida and have done business this way all 4x the 2 I didn't I paid massive fees

[@joaultman]

@theresabrown4836 you must be a retard if you think any inspector is not a fraud. Realtors are not qualified home inspector. I get an independent inspection and have the education and experience to know what to look for. Buying a home in Florida needs vast knowledge of the environment. And you are a real dummy if you buy anything in an association. You never own your home and are a forever renter

[@pete9971]

Not for illegal immigrants....😑

[@LT-em1vu]

If your a Democrap it is and free

[@irinabenskaya5499]

Madam! You need to get your pride a little bit down.. Everyone can read English and you don’t need to pretend to be an expert in Real estate…

[@ABCD-si7px]

Wait till all the buyers and sellers realize you don’t need realtors at all.

[@idkmybffjill9682]

lol yea everyone is going to compensate for years of experience spotting problems by eat but hgtv. Have fun with your future dump

[@JoaninFlorida]

And you don't need doctors, architects or lawyers either. You know all so why should you take advice from anybody who actually went to school to learn the business?

[@KorthyV2]

@@JoaninFlorida You just compared realtors to three important and respected professions. 😂 A better comparison would be car salesman.

[@JoaninFlorida]

@@KorthyV2 When did they start licensing car salesmen? And I bet you buy the floor mats and extended warranties.

[@KorthyV2]

@@JoaninFlorida You don’t provide nearly as much value as you seem to believe. Sorry. Might as well accept that if your job didn’t exist there would be very little negative impact. Quite possibly the opposite. Just stating facts that everyone besides realtors themselves have known for a very long time.