
08-08-2024, 05:57 PM
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Sage
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Join Date: Feb 2016
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Quote:
Originally Posted by candacev
I would not take a listing if the seller is adamant that they will not pay a buyer's agent. Why? I think you will find that at least 80% of buyers do not have the excess funds to pay compensation on top of down payment, closing costs etc. Think about a VA buyer that is entitled to insured 100% financing with no down payment required. This will limit who can buy the property. Why would I spend at least $1000 up front of my personal money in marketing, photos etc if I know that the buyer pool is automatically reduced? Our buyer broker agreements will give the buyer the choice of if they want to see a home or not if that property is not offering buyer agent compensation. It certainly will be interesting to see how this all plays out. By the way, the local MLS here is requiring the buyer broker agreements now as of Aug 7th. Nevertheless, this is our new reality.
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You would never get a listing from me.
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