You were Made to teach! LOVE your style. And you are soooo competent!
@moretoliving2236Күн бұрын
Holds zero accountability to anything and treats you like you are an incapable of adulting. Ohh gee where do i sign up to give her 6%. Sarcasm implied, obviously.
@NilesSilver4 күн бұрын
The "Realtor" monoploly caused this 100% - so if you're not a Realtor - but still FL licensed - these cumbersome disclosures are not mandatory?
@oasisfullfilled76174 күн бұрын
Honestly there is no point of being a Buyer’s agent. Yes there is a contract but I dont see this going well and you can agree with the listing agent, but it is not guarantee. I personally will not be a buyer’s agent with these new laws
@wamicinc5 күн бұрын
I thought we could take less as a buyers agent than is on our agreement but we couldn’t modify to take more. I need clarification 😮
@paulasmith51806 күн бұрын
Thank you Juana. Great information
@thevolengroup7 күн бұрын
So helpful and normal. Thank you Patti!
@SandyLovesMarc7 күн бұрын
“Buyer instructs realtor to only show properties where buyers representative compensation is paid through the listing office or the seller”
@georgecachola85087 күн бұрын
Hello not know if you will see this , listing agents are asking for BbA before showing the property
@capitalismftw8 күн бұрын
play the video at 1.5x speed. youre welcome
@TTruthWarrior8 күн бұрын
Great video and explanation. Thank you for taking the time to explain all that you did.
@NewPathTitle8 күн бұрын
What value goes in section 3(c), the total of what’s in 10?
@millesales9 күн бұрын
Started real estate when books were the source of finding listings and appointments LOL. I lot changes since then, lots of adjustments and still kicking. Thank you Patti
@analidishmey35669 күн бұрын
My buyer signed an exclusive brokerage agreement with me but decided to go visit a new construction townhouse by himself a few days later. The builder refuses to pay me because he came in alone. Our agreement has not expired. Am I entitled to a compensation?
@HuberRealEstateGroupofFloridaКүн бұрын
Did you get an answer?
@johndoe-dv2lo9 күн бұрын
She think you are stupid.. Great advertising.
@Edgewateracademy9 күн бұрын
Good advice
@markcornacchia431110 күн бұрын
Your truly amazing Patti-Thanks very much for going over this for ALL of us thats very detailed and easy to understand -Great Job !
@Edgewateracademy10 күн бұрын
Patti, thank you so much. Excellent recommendations.
@millesales10 күн бұрын
Thank you Juana!
@anahernandez205510 күн бұрын
Where would I write if the seller agreed to pay me 1.5% and the buyer agreed to pay me a set amount of $3000.
@LuisArguello647 күн бұрын
Paragraph 13
@FloridaLivingFun10 күн бұрын
Can anyone with hotline access ask this Question... (I do not have hotline access being a non-NAR broker) Can we add an addendum to the buyer's agreement stating that "All offers submitted to sellers will have a contingency in the additional notes section of the offer contract of: " __% commission is to be paid to the buyer's agent out of seller proceeds at closing"??? That might take the fear out of signing the buyer's agreement. I don't believe offer contingencies can be governed by NAR or the DOJ. Am I wrong? But would the addendum or separate agreement be allowed?
@RevAimeePhD5 күн бұрын
Did you find an answer to this question?
@FloridaLivingFun5 күн бұрын
@@RevAimeePhD Not yet... I don't have hotline access because I am a non-NAR broker. Can anyone else ask the hotline?
@nadeeneh11 күн бұрын
Great video! Did you figure out how to insert that one sentence into the pre-showing agreement? Cause that was MY favorite form as well. And for me, its always been about talking and explaining ALL these things. Ill bet if more Realtors explained compensation, commissions etc to their seller's before they sign a listing agreement AND if more Realtors explained the entire transaction process to their clients in general, a lawsuit and "New Rules" would not have happened. Communicate!
@PS-qz1zn11 күн бұрын
Smart buyers will go directly to a listing agent. Why pay 2 or 3% to a buyer broker when you can save it and go directly. Have a lawyer review contract for a few hundred. The listing agent can be a transaction broker and represent both as per law. Buyer brokers will be out of business in 6 months
@wamicinc5 күн бұрын
So many reasons. #1 is that listing agents aren’t going to double their workloads for free and they are not going to represent the buyer.
@johnstat76154 күн бұрын
You do realize this is something you could have always done, there’s nothing about this agreement that changes that. Buyers could always go to the listing broker, they don’t do so, because buyer brokers act as a fiduciary for the buyer. In addition, in my experience, it’s pretty rare for the buyer just to like the first house that they see. And just give you an idea of some of the value that buyer brokers can bring, in my last transaction we were able to negotiate the list price down $22,000 in addition, I picked the buyer up from the airport took them to lunch, showed them several properties talked in depth about each area ran comparative market analysis on each home gave advice under negotiation for homes. They were interested in. Talk them through financing, talk through. Their emotions, was a sounding board in addition to setting up all the maintenance work and actually going to the properties since the buyer is out of town while we were getting estimates, talking through estimates and repairs that might have needed to be done. All I probably spent over 120 hours on it. And also let me tell you listing agents can be difficult to get a hold of, in addition they ain’t gonna do any of that work for free either and since they represent the seller, they are going to be less than willing to negotiate with a buyer. They’re not even sure is qualified..
@sportsfan886612 сағат бұрын
You thought the process of looking for a home was difficult now? Go ahead and use your theory and see how much more impossible it becomes.
@jessiexusarasotarealtor88312 күн бұрын
Didn't the listing agreement always have the buyer signed with the broker compensation and was specified within the listing agreement already? So whatever the seller signed the listing agreement with the broker compensation will not count? That's the reason to sign a separate disclosure?
@homesforsalerealtyintl12 күн бұрын
I recommend 1.5x speed
@FloridaLivingFun12 күн бұрын
Question... Can we add an addendum to the buyer's agreement stating that "All offers submitted to sellers will have a contingency in the additional notes section of the offer contract of: " __% commission is to be paid to the buyer's agent out of seller proceeds at closing"??? That might take the fear out of signing the buyer's agreement. I don't believe offer contingencies can be governed by NAR or the DOJ. Am I wrong? But would the addendum or separate agreement be allowed?
@FloridaRealtorsTube12 күн бұрын
Please get in touch with the Florida Realtors FREE Legal Hotline: floridarealtors.org/legal-hotline
@FloridaLivingFun12 күн бұрын
@@FloridaRealtorsTube I am a Non-NAR member Thompson broker, so I don't believe I have access to the hotline. Can someone else here ask the hotline? It seems like a good solution for apprehensive buyers.
@nadeeneh11 күн бұрын
@@FloridaLivingFun That is an excellent question! I should have thought of it myself! Next time Im talking to the hot line I will ask.
@Edgewateracademy12 күн бұрын
Juana, you are the best. Thank you for a very clear presentation.
@doloresjonusas86613 күн бұрын
Hi, Juana, thank you for all the time you are taking to explain these changes. I'm beginning to understand the relationship between Section 8 and Section 10 - however, I still have some questions. A) Is the Listing Agent responsible for filling out the Seller's Broker to Buyer's Broker Agreement or the Seller to Buyer's Broker Agreement when taking the listing? If so, who else gets copies and when? Also, if seller asks advice as to whether they should choose (a) or (b) under Section 10 - what would be the main difference, other than how the compensation is being disbursed? This will be a process for everyone - so any clarification will be welcome. :)
@FloridaRealtorsTube12 күн бұрын
Please get in touch with the Florida Realtors FREE Legal Hotline: floridarealtors.org/legal-hotline
@retsciv13 күн бұрын
Can i send a link to any of these videos to prospective customers, buyers or sellers.... to help explain what must be done now? Also can i present these videos via links on social media?
@Buhnanah13 күн бұрын
Isn't the Compensation Agreements the same thing in the compensation section of a Listing Agreement?
@FloridaRealtorsTube12 күн бұрын
Please get in touch with the Florida Realtors FREE Legal Hotline: floridarealtors.org/legal-hotline
@TinaJohnsonRealtor14 күн бұрын
I really enjoyed this Patti. Thank you
@sergioevora-miamiandthebeaches14 күн бұрын
Patti, I appreciate everything you taught here/ I now feel that I can move forward with my business.
@sergioevora-miamiandthebeaches14 күн бұрын
Excellent information ! Clear and so helpful! Thank you Juana!
@markanderson435314 күн бұрын
NAR just turned their back on their own Realtors by agreeing to this stupid settlement. What a mess
@LivingInOcala14 күн бұрын
Ocala FL, Patti you covered so many of the points and questions I had!! After your presentation I feel so much better and educated about all this. THANK YOU!
@KingdomCeramicCoating14 күн бұрын
They uploaded everything to form simplicity NEW NAR CONTRACT FORMS Exclusive Buyer Brokerage Agreement, Consent to Transition to Transaction Broker Exclusive Buyer Brokerage Agreement, No Brokerage Relationship Exclusive Buyer Brokerage Agreement, Single Agent Exclusive Buyer Brokerage Agreement, Transaction Broker NEW BUYER COMP FORMS Compensation Agreement - Sellers Broker to Buyers Broker Compensation Agreement - Seller to Buyers Broker Modification to Compensation Agreement - Seller to Buyers Broker Modification to Compensation Agreement - Sellers Broker to Buyers Broker
@georgeterodrigues917514 күн бұрын
Where do we find the disclosure
@KingdomCeramicCoating14 күн бұрын
Form simplicity NEW NAR CONTRACT FORMS Exclusive Buyer Brokerage Agreement, Consent to Transition to Transaction Broker Exclusive Buyer Brokerage Agreement, No Brokerage Relationship Exclusive Buyer Brokerage Agreement, Single Agent Exclusive Buyer Brokerage Agreement, Transaction Broker NEW BUYER COMP FORMS Compensation Agreement - Sellers Broker to Buyers Broker Compensation Agreement - Seller to Buyers Broker Modification to Compensation Agreement - Seller to Buyers Broker Modification to Compensation Agreement - Sellers Broker to Buyers Broker
@FloridaRealtorsTube12 күн бұрын
Forms are available on Form Simplicity. You can learn more at floridarealtors.org/nar-settlement
@LmT11_1114 күн бұрын
Watching from West Palm Beach, Lea Taylor, LPT Realty, LLC
@Buhnanah16 күн бұрын
Is this a required form? What's the difference between using these forms and the compensation amount section already on a Listing Agreement?
@FloridaRealtorsTube12 күн бұрын
Please get in touch with the Florida Realtors FREE Legal Hotline: floridarealtors.org/legal-hotline
@Dan-vv2fu16 күн бұрын
1.25x playback speed, thank me later
@tonymuci18 күн бұрын
🎯 Key points for quick navigation: 00:00:00 *🏠 Overview of Buyer Broker Agreement Changes* - Overview of the settlement agreement announced by NAR regarding buyer broker agreements. - Buyer brokers must now enter into written agreements with buyers before touring properties. - Compensation details must be clearly disclosed in these agreements, including how it's determined and limitations on fees. 00:02:05 *📜 Elements of Written Buyer Agreements* - Required elements of written buyer agreements under the settlement. - Disclosure of compensation amount or rate, terms preventing excessive compensation, and negotiability of broker fees. - Clarification on what constitutes "touring" a property and the distinction between working with a buyer versus marketing services. 00:07:45 *📝 Exclusive Buyer Broker Agreement Form EBBA* - Introduction to the Exclusive Buyer Broker Agreement (EBBA) form and its updated version. - Explanation of how the EBBA form aligns with settlement requirements and offers flexibility in contractual terms. - Importance of using the most current version of the form to comply with legal and settlement obligations. 00:10:13 *🔄 Structure of the EBBA Form* - Detailed breakdown of paragraphs in the EBBA form, starting with party identification and exclusive relationship. - Discussion on agreement terms, including duration, property specifications, and consumer obligations. - Flexibility in structuring compensation for various transaction types (purchase, lease, options) under the EBBA form. Made with HARPA AI
@evealexander430719 күн бұрын
This would be a perfect time for Florida to go back to Mandatory Agency Disclosures like they had years ago. Florida is the only state that I know of where an agent does not have to tell the buyer who they really work for. Buyers should be aware if the agent is working as a transaction broker and/or working for the best interest of the seller...before they sign anything. TB offer buyers no loyalty, limited confidential and limited disclosure. Calling these agreements "Exclusive Buyer Agreements" is grossly misleading as a consumer will THINK they are being represented by someone who will work for their best interest, when in fact they are on their own. Florida should be more worried about the consumer...
@user-ds8nn8bg6s20 күн бұрын
It just doesn't make sense..Confusing on options of compensation as a buyer broker. I am hoping that like most large changes it will settle down and become easier. In all industries there are always bad agents but the majority do.a great job and all parties benefit.
@MaryoriLeira20 күн бұрын
Thank you so much for this Training.
@millesales21 күн бұрын
Thank you, I look forward to more of your videos. Your Q&A great video!
@millesales21 күн бұрын
Thank you Juana, great information and clearly explained. All understood!
@riverandcoastpropertygroup805521 күн бұрын
So we can, or cannot write in the offer the condition that sellers are to pay buyers agents commission? Maybe Im misunderstanding but at roughly 30 minutes it seemed like it was eluded to that you COULD write in in the offer, when earlier it was noted that you COULD NOT... Thanks so much for the video great info for us all!
@FloridaRealtorsTube20 күн бұрын
The Florida Realtors Legal Hotline should be able to help you with that questions: floridarealtors.org/legal-hotline
@ChrisGrayRealtor21 күн бұрын
Thank you Juana, that was very helpful.
@AnnShahin21 күн бұрын
Thank you so much for a very well-explained Q&A!
@maggieperez420122 күн бұрын
How can I find the other part of today's webinar?
@FloridaRealtorsTube22 күн бұрын
The Q&A portion of the webinar can be found here: kzfaq.info/get/bejne/n7iDn8R90rfJhYE.htmlfeature=shared