NAR Settlement: This Hasn't Happened To The Housing Market In 50 Years

[@JustSouthFloridaLiving]

Great video my fellow EXP agent! Your editor crushed it as well!

[@AndyColeman]

Thank you I appreciate that! I know the new rules just went into effect but how has the change affected you so far?

[@Elip2424]

How does this affect renters?

[@AndyColeman]

Not at all actually. I haven't signed a single tenant broker agreement yet and I still get my commission from the landlords or the tenants, it's just as easy as ever because the nar hasn't affected rentals

[@Elip2424]

@@AndyColeman thank you, I plan to follow your same structure, starting with one lease a month and then scaling my business from there. Adding all the clients into a CRM and turning them into deals later. It is a marathon not a sprint but I will be back in a few months to make sure I update you. 24 , oil and gas salesman , Houston..

[@KatCherryRealtor]

Thank you.

[@AndyColeman]

You're welcome! How has the changes impacted you so far in your market?

[@gman7769]

Concessions are not commissions. Concessions are not compensation to the agents. Wrong advice in this video.

[@AndyColeman]

I know it's confusing but If you actually watched the video you would know I never said that. I said the concession goes to the buyer who then pays the buyers agent. Try rewatching it.

[@billmoore6884]

This is wrong. What's going to happen is people are going to go back to NOT having a buyers agent at all because there is SO much more information out there to inform yourself. I haven't used buyers agents for years. I just tell the realtor I won't pay a 6% commission as part of the price and let them figure out how they want to deal with it. I usually pay 1-2%. That's what actually going to happen now. Just like the REST of the world (where 1-2% realtor fees are the norm). You're a realtor, you can't be trusted to give us good advice on this.

[@AndyColeman]

The problem is it's actually very hard to be an agent. I know it sounds like a lot, 3%, but most agents only do a few deals a year because it's difficult to actually close transactions. Most of the time agents do a lot of work and don't get paid. I don't agree with the system but that's the way it's been for years.

[@johnwright4456]

Realtors reality. You should not have price fixed a 6 percent. I never was offered a chance to negotiate commission. It was always stated as”the going rate “. I think a lot of realtors will retire. Anyone I use in the future is going to pay dearly for the sins of my past experiences. Sucks to be you now. How do you like being governed?

[@AndyColeman]

Do you mean as a seller or buyer? I negotiate with sellers all the time on the commission and always get 5%... So for me it was never 6%