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Michael Elliott, Burlington, New Jersey Residential Sales (Fathom Realty)

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Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

I am seeing a lot of agents just sending their offer with an amendment requesting the compensation they're looking for.

Sep 27, 2024 09:06 AM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Have yet to be asked...

Sep 27, 2024 08:14 AM
Rainmaker
1,411,175
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Our purchase contract allows for the request of a seller concession to cover the buyer's obligation to pay the buyer's agent's fee. Most agents are using this approach.

Sep 27, 2024 12:46 PM
Rainmaker
927,778
Jeff Pearl
Samson Properties / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not surprising. I think agents still expect most sellers to offer some amount of compensation. Or, it's possible that those agents already have buyers that agreed to pay their compensation.

Sep 27, 2024 11:59 AM
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Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Michael Elliott: As soon as they call me, I tell them about compensation before they ask me anything. It removes any doubt. They love it! Then I answer any other questions they may have 

Sep 27, 2024 11:53 AM
Rainer
405,014
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I am asking.  And I don't have listings.

Sep 27, 2024 11:35 AM
Rainmaker
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Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I just negotiate my fee in the offer, why waste time calling? I told our agents when the changes happened, you need to be a good negotiator and show your value to your client!

Sep 27, 2024 11:01 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Maybe they have a buyers broker agreement that takes care of it.  I am not asking if I do.  

Sep 27, 2024 11:00 AM
Ambassador
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Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Michael. I had a similar experience. After having 4 showings on my listing only one agent asked if the sellers were offering a buyer's broker a compensation and how much, since they were the ones who submitted an offer. 

Sep 27, 2024 08:37 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Not yet . . . and it's risky to not come right out of the gate with the question FIRST before even showing! 

 

Sep 27, 2024 08:08 AM
Rainmaker
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Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

I should not be surprised, yet here I am, very surprised.  

Sep 27, 2024 08:01 AM
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Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

You don't need to ask. You just submit your Compensation form with the offer, so many do not ask because they know this and they know their buyer will cover what the listing agent won't.

Sep 27, 2024 06:29 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Hum, Interesting. 

I am with John Juarez on this.

Sep 27, 2024 01:51 PM
Rainmaker
936,073
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Pretty much the same. Agents are asking before writing an offer.

Sep 27, 2024 12:26 PM
Rainmaker
2,276,991
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

A few similar experiences. But Michael Elliott, the property video goes live today, the listing syncs up tomorrow and under contract happens. Under contract. No time for 10 showings down the road... sale pending. So much happens during the first 24 hours in this market.

too late real estate under contract

 

Sep 27, 2024 11:06 AM
Rainmaker
5,959,211
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have had a few calls, but on this last listing contract, she wrote in the amount she wanted, and luckily, it was what the seller was offering.

Sep 28, 2024 06:29 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Can't answer that as when I get a request for a showing I immediately forward an offer of compensation to the showing agent.

Sep 28, 2024 04:31 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good to hear this Michael, I think that is how the new model is supposed to work with buyers being responsible for paying their own agent, or negotiating something to help with this as part of the offer.

Sep 28, 2024 01:14 AM
Rainmaker
512,161
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Michael Elliott 

I have not experienced, most will ask. Maybe they already have a BBA.

Sep 28, 2024 05:36 AM
Rainmaker
5,210,047
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'm not being asked. Agents are sending over offers with the compensation they are looking for.

Sep 28, 2024 11:19 AM
Rainmaker
1,642,707
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I talked about it to multiple agents here. I had only one agent who said that the seller will not pay a buyer agent. However, I still believe that would be negotiable as any terms of a purchase agreement. 

Sep 29, 2024 11:14 AM
Rainmaker
5,416,541
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Retired parked and reading. The adjustment is just beginning. Once an agent gets burned, they will ask every time. And that presents it own problems. 

Sep 29, 2024 08:37 AM
Rainmaker
1,529,564
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I had one ask me about it on my current listing, out of four calls.

Sep 28, 2024 11:55 PM
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