Legal Settlement GOOD NEWS for Real Estate Photography
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- Опубликовано: 14 мар 2024
- There's good news today for real estate photographers as the National Association of Realtors has addressed lawsuits from last year, which will in turn change the way real estate agents and brokers do business. This will inevitably have a positive effect for real estate photographers. Below are other links of interest:
My online courses to learn Real Estate Photography:
LearnRE.NathanCool.com
Learn Professional Exterior Photography:
ProExteriors.NathanCool.com
Learn Professional Interior Photography:
ProInteriors.NathanCool.com
Expert Editing for Interior Photography:
ExpertEditing.NathanCool.com
Videography for Real Estate:
ProVideo.NathanCool.com
My books on real estate photography:
amzn.to/4bwFsIz 
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For those asking about ShowingTime+ allowing all photographers (not just their own) here's the link to their resource where there's a 4-step signup process: showingtimeplus.com/solutions/listing-showcase/photographers/resource-center As they state on that page: "...agents have the freedom to select their preferred photographer to capture media for their Listing Showcase." This is a reversal from last year as agents signing up for ShowingTime+ have nagged Zillow enough to let them use their own photographers.
A relief for Photographers, finally. Thanks again Nathan
This is a great point , in a realtor, but I also own a media company, didn’t think of this thank you
Great perspective Nathan.
Not only am I a real estate photographer but I’m also a real estate publisher. Either way, the need for my services benefits from listing agents, but also other RE photographers. I’ll use this info to promote professional photographers in my magazine and take ads from the smart photographers that get the big picture.
It's going to be interesting to see how many agents make the transition to being a listing agent and how many change careers. Buyers are not used to paying a fee for services, although in essence they are as a house is marked up to cover both commissions. It's just that now the house will be listed for a bit less and the seller will pay a bit less. It's a shame in a sense as the buyer's agent does the lion's share of the work once a home is under contract. It's going to be an uphill battle for them. But, as a real estate photographer I'm continuing to track the top listing producers in my market and make sure they know my name and my work.
Wow interesting information Nathan! Thank you for letting us know, much appreciated!! 😎👍🏽
Thank you!
What about the non-Compete ShwoingTime+ wanted photographers to sign to become a ShowingTime+ Photographer?
No such thing now. See pinned comment at the top for link, go to bottom of the page to FAQs, see last question: "Who owns the rights": "As a photographer, you own the rights to the still photography, panos, and the copyright of the virtual tour."
Love this explanation and way of looking at this situation. Appreciate you Nathan!
What is the best website platform to use for booking and payments as a real estate photographer?
Is there a new “standard” commission target? Just a guideline to negotiate toward? Maybe 3%???
It's a great question, and there are signs on what to expect. Before this settlement last week, but after the initial lawsuits were filed, I had agents tell me some sellers were negotiating commissions down to 3%, not offering any cut to a buyer's agent. But, if a buyer's agent is removed from the equation, then the seller's agent has to do more work, so I could see them easily negotiating 4%. And if a buyer agent came in, they would offer them 1% (leaving 3% for themselves). Some pundits are forecasting flat rates, but we already have proof that doesn't fly: i.e., Help-U-Sell, Assist-to-Sell, etc., which have never dominated the market. I think the big-name brokerages will start aligning on their own, yet competitive standards, so time will tell.
@@NathanCoolPhoto Its funny im a NY realtor doing this for 10 yrs and sellers always negotiate the commission very rare to find a 6% commission here in the 5 boros on NY
We negotiate it here in CA too, and the higher the sales price the more wiggle room you have to negotiate as well. I negotiated my last house sale at 4%. But in average/mid-priced markets in the U.S. (like the mid-west) 6% is the norm.