So the best way to watch this video is to sit down in an office setting, preferably and take notes. They are way too many golden Nuggets. If we can work on this diligently this entire quarter, we will have a very strong career ahead for many years to come 🎉

Avoiding contract loopholes is essential for long-term success. Lisa’s focus on trust is inspiring. Emphasis on integrity in this dynamic market is crucial. Building relationships on solid foundations is key.

What happens to the existing listings that are still under old commissions with 5 - 6% that the sellers pay? Will these contracts still stand or be converted to new commission rules?

Thanks 27:30 is what I will do from now on... providing weekly reports of our progress together

We'll soon find out what value a buyside agent brings to the table. If buyers can do their own deals without getting screwed then have at it. But the reality is that most people in residential don't know how to buy a house on their own. Agents will just leave the business if they're not getting paid to do it.

Great info. My main concern is what happens when a buyer *needs* maximum seller concessions and no buyer broker commission is being offered? My understanding we understanding is there will be 0 room for a buyer broker commission in this scenario. Also obvious implications that the buyer broker commission is always completing with maximum seller concession amounts. This seems to me to be a huge issue in the new system yet to be addressed. But does DOJ care ?

Love your commitment to our education. I need this tribe.

Few listing agents treat buyer agents very badly. Don't respond to calls, don't respond to contracts.. Very sad but true. Also buyer agents can not tell this to sellers about their agent.

US is a high service country, thankyou for the reminder and motivation!

Great information, I think we didn't loose the selling to the buyer I think we lost getting the buyer committed as the seller.

Regarding Lisa's last comment - an amendment has been made available by my local associations in Missouri and in Texas (and possibly everywhere - I am not sure) to allow buyers and their agents to change the amount the buyer will pay throughout their journey together. This has been made available to reflect how much the seller will pay each time an offer is made by the buyer. So, it isn't a loophole - it is permissible. However, doing that over and over again could cause complications. So, is it best practice? Maybe not, but it is allowed.

What a stellar session, thank you. My fellow agents, listen to every word all the way through. Pure gold. The advice at the end on mistakes to avoid was spot on. 🔑🏠

I recently was working with a buyer turned rental. Signed agreement. Executed lease and now I am playing collection agency. Landlord didn’t offer compensation, now buyer, my tenant, is refusing to pay my fee.

What should you do if all the buyer agents on your team leave all at once?

Love all of your information. Keep it up. Thank you.

This was awesome information! Thank you so much for sharing. I'm excited to embrace this change and help more of our clients this way. Thank you again for the insight, and suggestions.

Can an agent represent both buyer and seller at the same time under the new laws ?

but showing 1 or 2 houses only- maybe you did a great job- found them an off market listing- should be paid in full, yes?

Multiple offer situation. You attach 3% to your offer and another agent attaches $500. Your buyers don’t get the house. Where’s your value?

Thanks for the information. I'm so glad that I can choose my clients just like they can choose me. This is why our industry is where it is now; we act as if the client is doing us a favor if they use us.

Hello, I have been watching your show for awhile and absolutely love it. I am bananas for your shows. I use to listen to your podcast and you guys took down some of my favorite episodes but I am coping. I am at 6:33 and I think that what she is saying may just be a "great idea" and not as practical as she is eloquently stating especially if you are representing buyers in a market that homes are selling right away sub 700k. Also I met Tom Ferry in Westbury NY it was awesome, come back soon

I've watced this video a few times since it dropped and I like it more each time! "Loopholes are dangerous. Loophole = the noose!"

Very helpful

Thx for the intel!!!

This was great Thanks

Excellent!!

Bhhs lawyer yesterday showed is yesterday that we need to get buyer broker before the offer Not before the showing.

Great podcast thank you

I disagree with "know, like & trust" I use "value what they value" instead. If you value what they value, you're in.

great!

i am the home owner.... I Make The Rules ; AH.

As a RE investor commission rates in total are simply going to come down and settle eventually around 2.5%. RE values have increased, Zillow and other sights have taken a lot of the leg work out. People buying $500k and up homes don't need their hands held by a buyers agent. They simply don't add value.

If you dont like the new rules, then just find another real estate job. Let the buyer agent position die off. Let buyers trust the seller on every transaction.

Non a REALTOR is not required to change what they are doing...