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New nar rules for agents. will alternative models destroy the ease of appraiser getting that info.

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But in real RE world, most agents deal with buyer only, never do the listing side business, especially for the new agents.
The agents may "deal with the buyer", but the agent gets paid by the seller at closing as part off the commission from the seller.

Look up some RE contacts in your statement and others - there is a listing broker/login agent and then a telling agent/selling broker or cooperating agent/cooperating broker ( or similar language ). In a few states, an option spells out a buyer's broker. and of course, that can be added in the addendum
Ask your REaltor friends who pays their bommison when they bring a buyer who makes an offer.
 
For both buyers and sellers, the help of a top-rated, knowledgeable broker during a real estate transaction is valuable, but who pays for the services of the real estate agent? If you’re about to start your home-buying journey, you’re likely thinking about hiring a real estate agent.

But how does a realtor get paid when you buy a house and the sale proceeds are distributed? Well, buyers and sellers are responsible for paying for different fees, so it’s important to know best practices for a typical home sale.

Keep in mind that the full commission earned by the broker in your deal can vary from state to state and even within an individual brokerage.


Here’s what you need to know about who pays the realtor commission fees and how much cash you can expect to contribute for the average commission.

Who pays the realtor commission?​

Are you wondering who pays the real estate agent when buying or selling a home? Standard practice is that the seller pays the real estate commission of both the listing agent and the buyer’s agent, according to Ruth Johnson, a real estate agent in Austin, TX. But she also points out that “while sellers pay the fees, they usually wrap them into the price of the home.” In that sense, you could say the buyer pays the fees after a home sells.
 

Who pays the buyer’s agent commission?​

(spoiler alert: it’s you – the homebuyer)

As a buyer, your agent and the seller’s agent split a commission fee – typically 5-6% of the purchase price of the home. And while this fee is technically paid by the seller, it’s factored in to how much sellers list their home for.
 
The agents may "deal with the buyer", but the agent gets paid by the seller at closing as part off the commission from the seller.

Look up some RE contacts in your statement and others - there is a listing broker/login agent and then a telling agent/selling broker or cooperating agent/cooperating broker ( or similar language ). In a few states, an option spells out a buyer's broker. and of course, that can be added in the addendum
Ask your REaltor friends who pays their bommison when they bring a buyer who makes an offer.
That's correct. Now for the agents “deal with buyer" probably won't have any client any more because most buyer won't sign that representative form. And in real RE world, 70% agents “deal with buyer" only. 30% “deal with seller" . What will happened to those 70% realtors?
 
That's correct. Now for the agents “deal with buyer" probably won't have any client any more because most buyer won't sign that representative form. And in real RE world, 70% agents “deal with buyer" only. 30% “deal with seller" . What will happened to those 70% realtors?
You still don't get it !! I posted it several times above: even if an agent "deals with the buyer, THEY GET PAID BY THE SELLER - -so "nothing" will change for 70% of the agents. Being required to disclose it in a form is hardly much of a change - most were having buyers sign these forms anyway where the agent disclosed they got paid by teh eller or represented the transaction.

Did you think all of this time that buyers were paying the agents who showed them properties or negotiated a contract?
Read what I posted above, how the seller's commission pays the so-called buyer's agent, and that will not change unless a buyer volunteers to pay out of pocket, which I highly doubt will happen.
 
You still don't get it !! I posted it several times above: even if an agent "deals with the buyer, THEY GET PAID BY THE SELLER - -so "nothing" will change for 70% of the agents. Being required to disclose it in a form is hardly much of a change - most were having buyers sign these forms anyway where the agent disclosed they got paid by teh eller or represented the transaction.

Did you think all of this time that buyers were paying the agents who showed them properties or negotiated a contract?
Read what I posted above, how the seller's commission pays the so-called buyer's agent, and that will not change unless a buyer volunteers to pay out of pocket, which I highly doubt will happen.
I totally agree with your post. The total commission amount won't change too much. What I am said is 70% agents probably won't have any client any more. Maybe the rest 30% agent got more pay, like dual agent?
 
I totally agree with your post. The total commission amount won't change too much. What I am said is 70% agents probably won't have any client any more. Maybe the rest 30% agent got more pay, like dual agent?
What????
Why would 70% of agents not have any clients anymore?

You seem to not realize how they worked all this time ( I sold RE for 5 years as an agent )

Whether an agent signed a dislcosre they were a dual agent, seller agent, or buyers agent, they almost always got paid from the seller's comison fo the selling broker as a split This will not change. All that will change is that they will be required to disclose it to the buyer ( most did anyway), and the amount of the commissions will not appear on the MLS listing of a property.

Idk if agents have clients. A seller agrees to list their property with them as a listing agent or broker, and any agent is free to bring their buyer customer to a listing and make an offer, If the agent that lists the property also brings the buyer, they might be referred to as a dual agent.
 
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What????
Why would 70% of agents not have any clients anymore?
Because after new rule, buyer MUST sign the representative form with the realtor to be their agent. And most buyers are unwilling to sign. They will say why I have to sign this form? I can free to choice any realtor to be my agent, right? Or just deal with seller's agent (listing agent) directly.
 
It's not assumed that sellers will pay the buyer's agent. That's the problem.
Sellers can decide how much to charge to different agents at different commission rates.
MLS can't just state buyers agent will be paid. That's how NAR got in trouble.
Buyer agent has to figure out how to be paid before dealing with buyers.
As an investor with broker l license, I'm at advantage to make offers for myself without worrying about being paid.
I can see how seller/listing agents would rather deal with me.
 
dual agent is a problem in some states. it's a conflict of interest. like 1 attorney representing the defense and prosecutor also. but is there a rule now that the buyer has to have a dedicated, me paid you, real estate agent.
maybe nothing will change except for higher priced properties not paying 6% commission. it's like AMC appraisers, how low will you go to get paid. house prices went up 10% a year, nice pay raise for doing nothing more than normal realtor stuff. nar got into commission price fixing trouble.
 
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