Episode Overview:
- Podcast Name: If You List, You Last
- Host: Bob Mangold, The Listing Coach
- Episode Number: 39
- Topic: Upcoming changes to buyer's compensation and listing language
- Content: Second part of a training class for Bob's team
Key Points:
- Changes to Compensation:
- Discussion on the imminent changes to buyer’s compensation and listing language.
- Advice to consult with brokers and local MLS for specific guidelines.
- Training & Resources:
- Links to documents and videos mentioned during the training provided in the podcast notes.
- Encouragement to join the Real Estate Asset Advisor Facebook group for ongoing discussions.
- MLS & Legal Considerations:
- Each MLS may have different rules—check with your local MLS.
- Importance of transparency in real estate transactions.
- Guidance on handling buyer broker agreements, especially under the new regulations.
Tips for Agents:
- Documentation: Ensure all agreements are in writing.
- Communication: Stay informed by attending events like NAR Town Halls or company meetings.
- Negotiation: Strategies for managing buyer concessions and listing competition.
Final Thoughts:
- Adaptation: Emphasis on the importance of being prepared for these changes.
- Education: Recommendation to thoroughly understand your state's guidelines and educate clients accordingly.
Call to Action:
- Facebook Group: Join the Real Estate Asset Advisor group for further discussion.
- Podcast Notes: Review the provided resources and documents.
- Broker/MLS Consultation: Always check with your broker and local MLS for the most accurate information.
Reminder: "If you list, you last."
Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisors
Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org
Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com
