Questions and Answers ~ 8.14.2024

Dorie, these questions are much easier than Wayne Martin 's !!    

1.  Meeting with them, when appropriate, face to face to share their options.

2.  For future transactions, face to face.  Mid- transaction deals need no explanation.  Personally, I will benefit from these changes, I already have .

3.  The biggest change  is the level of detail which I must now share, explain, and have my client understand, then agree to options.

I haven't been paying a lot of attention to the changes since I am working on something different these days.  There will come a time when I will need to brush up and I am hoping the dust has settled by then, haha.

Good morning Dorie. Retired, parked and reading. That said very interested in how others are dealing with it. Enjoy your day,

I have a wait and see attitude on the new regulations. I think "no it all" never felt like they needed a Realtor to get the best deal. If someone does not listen to my advice (not take it, but at least listen), they will not be working with me in any event.

One of the benefits of retirement is that I do not need to worry about these issues until we are ready to sell our home or purchase a retirement residence.

Hello Dorie - I admit I haven't personally considered the questions you pose.  However, I continue to wonder about "what makes me tick" instead of "what stuff around me has the potential to tick me off".  I tend to spend more time thinking about more positive things.  Or at least, I try to. . .   

Hi Dorie,

Since I'm not a realtor, I can't answer your Reflective Questions

excellent post with great information. Thanks for sharing it.

Have a super fantastic week!

Bill Salvatore, Realtor- Arizona Elite Properties

Hi, Dorie...I have taken two classes and three webinars on the changes. I've reviewed the redlined contracts and I'm ready to tackle the changes. I'm also planning on sitting down with the agents in my office and role playing. I want everyone to be informed and to be prepared for different situations.

I think we will have those sellers that won't offer compensation. Those listings will sit on the market longer in my area. The sellers will soon figure it out. 

At one class some agents from different companies spoke about what their offices will be doing. Now we know of two offices that won't be seeking compensation from sellers. Those agents let the cat out of the bag, and now we will know how to approach those offices when writing offers. 

Time will tell how all of this will play out. 

Dorie, To all your questions it's a wait and see. Buyers have question marks on their faces and are not really comprehended it yet, until I say some sellers will be offering compensation and then they sign. Tomorrow is another zoom meeting regarding sellers. Let's see if it will provide more clarity and make it easier to explain it all!

Hi Dorie- these questions would make a good ActiveRain Challenge in a month or so when everyone has had a chance to digest the changes. What do you think Debe Maxwell, CRS 

On another note, today alone, I've heard half a dozen commercials (not sure from which organization) talking about the advantages of using a real estate agent. 

Dorie Dillard Austin TX  It is not going to change the way I do business, being honest and upholding my fiduciary duties  will not change 

Dorie these new changes don't apply to my end of the business so I am not much help this week.

Since my retirement in December 2021, there have been significant changes in the real estate arena.  Real estate professionals today have more challenges in the way they move forward when it comes to compensation.

Dorie Dillard Austin TX  loved your series of questions, sadly not all I end up participating in... these are powerful questions today.

First let me just say for the past three months every day it seems like the forms have been changing... then to boot every third or fourth day we have had Meetings/Zoom Sessions you name it discussing all this...

Now with that said:

1. I got on the phone with all my listing clients individually and filled them in the last few days that we have been going through all the above-mentioned drama... and now we are at the finish line, and they need to sign these four or five pages.... because....

2. I have been a listing agent for at least 26 years or more so not much has changed and strong agents will not be affected too much if they are seasoned and knowledgeable.

4. Just need to be more patient and more clarification to both buyer's and sellers nothing more...Endre

Dorie Dillard Austin TX no changes yet except for the new contracts our state rolled out. We have several new listings coming on the market, and we have discussed the changes with these sellers. They are all on board for offering compensation for both sides. 

Thanks for the Q's, Dorie.

1. Giving a thorough explanation. Answering all questions.

2. Haven't got there yet with buyers. Am working on listings and sellers still offer compensation to the other side.

3. Sellers who understand the new rules have zero problem compensating buyer agents.