Buying and Selling a Home Has Changed FOREVER

In this video, I'll share how home buying and selling has changed forever and break down the groundbreaking changes that have rocked the real estate industry. Learn about the $418 million settlement and how it affects buyers, sellers, and agents. Discover the new rules, how compensation will be handled, what buyers should expect regarding representation, and how it's all reshaping how we buy and sell homes.

I want everyone to understand the options available to buyers and sellers under these new regulations and learn strategies for navigating this evolving landscape.

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[GTLopez]

Im not paying anyone to just show me a house

[Roberto-REME]

Another outstanding production, Shawn. I so very much value the work you do and your initiative to educate the public so that information is not only disseminated, but that the information is clear for those in the process of buying a home. I'm currently selling my house in Tucson, AZ. (we've spoken over the phone) and your guidance has been invaluable. Best,

[productionsllc]

Shawn, as always you present the facts in a very straight forward way. Thank you for this explanation. It clears up a lot. And I'm sure there will be more changes and these new process get exercised. Keep up the great work.

[lagflag]

I am not hiring a buyer agent. Doesn’t make sense to buy commission percentage based on money I will pay or borrow. Commission is paid on money earned not money expenses! Also agents now want me to sign exclusive agreement with them. Nah! Not gonna happen…I hired a real estate attorney instead.

[rickybobby]

Most buyers won’t pay. The system will evolve. Paying someone $13, 500 on the avg $450k house…lol…that easy money is gone.

[arrescue]

This is excellent information. Thank you for making it so clear.

[edoliver]

So is a broker off the hook for paying commissions now to their employees?

[JK-zwec]

Excellent information. Is it possible for a buyer to add the cost of their realtor's commission to the mortgage? Will lenders do this? Obviously, for many buyers minimizing tha amount of cash required to purcahse/close on the house is very important.

[albrio]

so now the commission can be upwards of 6%? maybe 12%, 6 on each sides?

[GonRuiz]

Why would the seller pay the buyer's commission, wouldn't that be part of the pre-qualification for the loan, like down payment and closing costs

[albrio]

will there be a termination fee? someone in FL walked away from an agent because she spoke about a termination fee, if the buyer chose to cancel. then that same agent, changed from a fee to just "cancel in written".

[BM-qcds]

A buyer can just add about $10k or so to their offer contingent upon the seller paying up to $10k towards the buyer's agent's commission and adding anything extra to the buyer's closing costs. Wouldn't that be a fair negotiation for a buyer who doesn't have all that cash on hand for closing costs, buyer's agent fee, and down payment?

[msaparab]

Does this new rule affect buying new builds?

[House_hacker_]

Is the new rule required a realtor to attend open houses???

[krowgom]

Most buyers will not pay the commission! I will hammer these agents to step up! Not interested in a lazy realtor!