I can see buyers skipping the entire buyer side agents. When you disclose to the buyer that any commision not paid by the seller is their responsibility, say good bye.
I might hand them off with 3 contacts for real estate attorneys that they will likely need 2, 3, 4 years down the road when they realized they signed off on something that wasn't fully disclosed to them. All because Dual Agency (if buyers are represented by listing agents), do not get majority of the rights to representation that buyers agents would look out for and warn their buyer clients of. the attorneys will win, and the overall divide between the rich and the poor will continue to happen right before our eyes. Oh, and those attorneys, will charge them way more than the cost of what their buyers agent would have been.
@@rack9458 They don't sell real estate, they won't be in the inspection with you, they won't schedule them for you, their profession isn't sales and negotiation. Now I'm NOT saying everyone needs a real estate agent. Plenty of people can buy and sell on their own if they know the forms. The earlier point is that should the buyer make a mistake by using the listing agent, and then have to hire an attorney on the back end to sue, the attorneys then typically take a portion (one-third) of their amount if they win. That, along with headache and the trouble, doesn't seem like a financially responsible idea. To each their own though! I'm glad you won't use a real estate agent. Not everyone needs one! No one is trying to convince you to use one
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I can see buyers skipping the entire buyer side agents. When you disclose to the buyer that any commision not paid by the seller is their responsibility, say good bye.
I might hand them off with 3 contacts for real estate attorneys that they will likely need 2, 3, 4 years down the road when they realized they signed off on something that wasn't fully disclosed to them. All because Dual Agency (if buyers are represented by listing agents), do not get majority of the rights to representation that buyers agents would look out for and warn their buyer clients of. the attorneys will win, and the overall divide between the rich and the poor will continue to happen right before our eyes. Oh, and those attorneys, will charge them way more than the cost of what their buyers agent would have been.
@@AlitheAgent Good try, but an atty at $250 hr is far cheaper than buyers agent at 3%. The attorney also represents me far better than an agent.
@@rack9458 They don't sell real estate, they won't be in the inspection with you, they won't schedule them for you, their profession isn't sales and negotiation. Now I'm NOT saying everyone needs a real estate agent. Plenty of people can buy and sell on their own if they know the forms.
The earlier point is that should the buyer make a mistake by using the listing agent, and then have to hire an attorney on the back end to sue, the attorneys then typically take a portion (one-third) of their amount if they win. That, along with headache and the trouble, doesn't seem like a financially responsible idea.
To each their own though! I'm glad you won't use a real estate agent. Not everyone needs one! No one is trying to convince you to use one