NAR Settlement Implications (August 2024):
- Buyer Representation Agreement: Buyers are now expected to pay their agent’s commission. The Buyer Representation Agreement specifies the agreed commission, ideally under an exclusive representation clause.
- Revised Forms: Residential Listing Agreement and California Residential Purchase Agreement forms, especially for probate.
- Negotiating Commission: When drafting offers, consider negotiating for the seller to pay the buyer’s agent commission using the new form. However, this requires explicit agreement from the seller
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All transactions are about money 99.99% of the time. Any disagreements? I did not think so!
Negotiating a real estate deal goes far beyond just commission; it encompasses a spectrum of elements, most of which are negotiable. With a keen eye on every piece of documentation, I ensure that every term is deliberated and optimized. It’s not just about preventing financial losses— it’s about leveraging every opportunity for your gain.
My mantra is simple: leave no money on the table. While some may believe ignorance is bliss, I stand by the principle of arming my clients with knowledge and working diligently in their best interest. You can trust that, under my guidance, every facet of the transaction will be negotiated to your utmost advantage. I have been shafted enough times in my life before I got into Real Estate and Lending.
In my life-style, every $10.00 means a bag of potatoes. Come on, how much more serious do you want your agent to get?
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