You were Made to teach! LOVE your style. And you are soooo competent!

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.

The "Realtor" monoploly caused this 100% - so if you're not a Realtor - but still FL licensed - these cumbersome disclosures are not mandatory?

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

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 😮

Thank you Juana. Great information

So helpful and normal. Thank you Patti!

“Buyer instructs realtor to only show properties where buyers representative compensation is paid through the listing office or the seller”

Hello not know if you will see this , listing agents are asking for BbA before showing the property

play the video at 1.5x speed. youre welcome

Great video and explanation. Thank you for taking the time to explain all that you did.

What value goes in section 3(c), the total of what’s in 10?

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

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?

She think you are stupid.. Great advertising.

Good advice

Your truly amazing Patti-Thanks very much for going over this for ALL of us thats very detailed and easy to understand -Great Job !

Patti, thank you so much. Excellent recommendations.

Thank you Juana!

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.

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?

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!

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

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?

I recommend 1.5x speed

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?

Juana, you are the best. Thank you for a very clear presentation.

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. :)

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?

Isn't the Compensation Agreements the same thing in the compensation section of a Listing Agreement?

I really enjoyed this Patti. Thank you

Patti, I appreciate everything you taught here/ I now feel that I can move forward with my business.

Excellent information ! Clear and so helpful! Thank you Juana!

NAR just turned their back on their own Realtors by agreeing to this stupid settlement. What a mess

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!

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

Where do we find the disclosure

Watching from West Palm Beach, Lea Taylor, LPT Realty, LLC

Is this a required form? What's the difference between using these forms and the compensation amount section already on a Listing Agreement?

1.25x playback speed, thank me later

🎯 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

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...

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.

Thank you so much for this Training.

Thank you, I look forward to more of your videos. Your Q&A great video!

Thank you Juana, great information and clearly explained. All understood!

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!

Thank you Juana, that was very helpful.

Thank you so much for a very well-explained Q&A!

How can I find the other part of today's webinar?