Episode 39 - Buyers Agent Compensation Part #2

If You List You Last Podcast

Episode Overview:

• Podcast Name: If You List, You Last
• Host: Bob Mangold, The Listing Coach
• Episode Number: 39
• Topic: Upcoming changes to buyer's compensation and listing language
• Content: Second part of a training class for Bob's team

Key Points:

• Changes to Compensation:
  • Discussion on the imminent changes to buyer’s compensation and listing language.
  • Advice to consult with brokers and local MLS for specific guidelines.
• Training & Resources:
  • Links to documents and videos mentioned during the training provided in the podcast notes.
  • Encouragement to join the Real Estate Asset Advisor Facebook group for ongoing discussions.
• MLS & Legal Considerations:
  • Each MLS may have different rules—check with your local MLS.
  • Importance of transparency in real estate transactions.
  • Guidance on handling buyer broker agreements, especially under the new regulations.

Tips for Agents:

• Documentation: Ensure all agreements are in writing.
• Communication: Stay informed by attending events like NAR Town Halls or company meetings.
• Negotiation: Strategies for managing buyer concessions and listing competition.

Final Thoughts:

• Adaptation: Emphasis on the importance of being prepared for these changes.
• Education: Recommendation to thoroughly understand your state's guidelines and educate clients accordingly.

Call to Action:

• Facebook Group: Join the Real Estate Asset Advisor group for further discussion.
• Podcast Notes: Review the provided resources and documents.
• Broker/MLS Consultation: Always check with your broker and local MLS for the most accurate information.

Reminder: "If you list, you last."

Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisors
Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org
Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com