The industry has only done it one way, so changing the fundamental way they have worked is scary to them. The smart ones will figure out how to explain and demonstrate their value, while the ones who can't will suffer.

I really don't believe it's going to impact them as much as they think.

For example: If I agree to list my house with an agent at 5%. I'm paying them to sell the house. They sell the house and get the 5% fee. How they want to split that fee is up after the transaction is up to them.

The other scenario for the buyer agent is to just negotiate a referral fee rather than a commission on the transaction since they referred the buyer to the listing.

Both cases require cooperative selling agents and since most all of them do both buyer and seller rep deals, it's to their advantage to offer mutually beneficial conditions.

The whole non-requirement to pay buyer agent commission is really just semantics.

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Posted by TitleistProV1X

Member since Nov 2015

3515 posts

Posted on 3/18/24 at 10:09 am to Piebald Panther

I can guarantee you that if a listing agent has a house on the market and a buyer comes along and tells them they have to show them the house and if they decide to purchase that the listing agent just needs to fill out the purchase agreement for them and they’ll get an extra 1% of the sale every realtor would do that in a heartbeat. The paperwork can be done in 15 minutes through an app in your cell phone. Can also send them a quick contact for a great local inspector and mortgage company. Pretty simple for 1%. That is where I see this going. The people who are doing all the looking on Zillow and such will benefit greatly.

I’ve been looking online to buy a beach house for a while. You better believe I will tell that listing agent I expect them to deduct whatever her client wanted to give to a buyers agent and I’ll handle everything myself on that side.

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