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

[Non Sequitur]

First things first: The DOJ hasn't signed off on this. There will be more news soon about this and IMO the "settlement" didn't address all of the DOJ's concerns. And this proposed settlement only covers the seller lawsuits not the ongoing lawsuits involving buyers.

IMO NAR screwed their members, not the plaintiff lawyers and the DOJ. This has been in the making for years, and instead of getting out ahead of the train wreck NAR was spending ridiculous amounts of money on a HULU reality show no one watched and millions in salaries to pervy executives. And when they lost the lawsuit a few months back the promise that they would fight on for years was a flat out lie because they didn't have the money to bond the multi-billion dollar judgement. And individual Realtors share some of the blame. Pretending buyers were truly represented when in reality all buyer side agents were doing was representing the transaction, lasted way too long. It's a rare Realtor on the buyer's side who actually tried to negotiate a lower price and terms that benefited the buyer.

It's anyone's guess but the future is coming fast for lazy Club 87 agents who only represent the occasional family member or friend who found a house online or wanted to list a house. And their future isn't bright. The money has always been in landing and stacking listings, that won't change. Now who gets the listings with mandatory NAR membership being killed for MLS access will be worked out in a bloody way over the next couple of years. IMO the future will involve online transaction portals, and the MLS systems will either adapt as an open platform or die. Buyer's will likely request showings through the portal, the portal will send the request to an Uber style agent who will show up to open the listing but not represent the buyer, and if the buyer wants to make an offer it will be made through the portal. And none of this will involve mandatory NAR membership.

 

[Dublin ohio]

Very few buyers agents? Since when?

Depends on your definition of buyer's agent. JG seems to make up her own definitions

 

[Non Sequitur]

 

[Dublin ohio]

It's a rare Realtor on the buyer's side who actually tried to negotiate a lower price and terms that benefited the buyer.

Most would consider a counter offer a negotiation. Of course during the most recent boom It was always a bidding war around here. So not much to "negotiate. Counter offers were always higher. Now I am seeing more counter offers at below list. Albeit not by much.

 

[Non Sequitur]

Most would consider a counter offer a negotiation. Of course during the most recent boom It was always a bidding war around here. So not much to "negotiate. Counter offers were always higher. Now I am seeing more counter offers at below list. Albeit not by much.

I'll expand on it a little. Most buyer's agents have no contract with their buyers, the only contract in nearly all transactions is the listing agent with the seller. While a counteroffer may come in it's usually because the seller wants more or the buyer wanted to counter, it's a rare counter that's driven by a Realtor advising a buyer to pound on the seller like a drum for a lower price. Why is that? IMO it's because both Realtors, whether they admit it or not, are driven to represent the best interests of the contract/transaction and that best interest is get the highest price possible. No one is contractually obligated to the buyer to negotiate the lowest price possible. Heck, when was the last time anyone promoted that side? Nearly every class, articles, etc. dealing with sales promotes getting the highest price possible for the seller. I can't remember ever reading anything promoting getting the lowest price possible for the buyer. With that said, IMO this proposal will not be a final agreement because it does not address the DOJ's concerns, and those concerns are more public policy driven than liability driven.

 

[Terrel L. Shields]

 

[J Grant]

what some states call a buyer agent is really a selling agent if the seller pays them - the buyer agent is a label in those cases.

A true buyers; agent is paid by the buyer, not the seller ( a rare occurrence to see that )

 

[KHS445]

Because of how listings maybe handled, such as MLS, Redfin, Loopnet, pocket listings, etc. I believe the potential for the buyer’s agent who really knows their market and stays on top of what is going on is tremendous. The days of an agent sitting at their desk and entering some perimeters into the MLS then printing or emailing copies of the available listings to the potential buyer will be limited.

 

[J Grant]

I checked a sale contract from an appraisal - in FL it is the listing broker and ;lining agent and on the next line, the cooperating broker and cooperating agent

They do not use the term buyer agent - I imagine that can vary due to state or region or custom -

 

[Terrel L. Shields]

Because of how listings maybe handled,

Again, how are appraisers going to find this information easily without a centralized MLS and the suit means brokers do not have to join the MLS. The role of the MLS will be diminished and scattered among competing sources...and what it is going to cost you? I recall with NWA had no less than 5 boards and you had to by 3 separate Solds books. New appraisers don't even know what a sold book was. But we paid dues to the first MLS on line here at $5 a month.