this form is actually great for the situation where a listing is offering a low fee, and will be standard soon since CAR is making the Buyer rep agreement a requirement soon.
Just to be clear, this SPBB form IS needed if the home has not yet been listed on the MLS to define the amount seller/seller's broker shall pay to the buyer's agent. Correct?
If a listing contract is in place and it’s just not yet on the MLS, use form CBC and check #4. If no listing contract exists, use form SP (Single Party).
Seems that the basis of this video pertains to the commission described in the MLS listing--although that percentage no longer is acceptable in Cali. Please advise.
this form is actually great for the situation where a listing is offering a low fee, and will be standard soon since CAR is making the Buyer rep agreement a requirement soon.
Yes! A lot has changed in 1 year. This form will be pretty common soon!
Straight to the point! But glad to also understand what its used for! THANK YOU
Thanks for the clarification!
Excellent summary. Thank you so much!
Thank you!
I guess we cannot use that counter line anymore
What about when the listing agent is offering a flat $100.00 thru MLS? Would you use this form? Not hyperbole, I have see this in my area.
You can definitely use this form, just make sure you also have an Exclusive Buyer Agreement in place.
Does this video still stand since the new laws and listing agents offering 0 on commissions?
Thank you for making this, helped a lot
Just to be clear, this SPBB form IS needed if the home has not yet been listed on the MLS to define the amount seller/seller's broker shall pay to the buyer's agent. Correct?
If a listing contract is in place and it’s just not yet on the MLS, use form CBC and check #4. If no listing contract exists, use form SP (Single Party).
Seems that the basis of this video pertains to the commission described in the MLS listing--although that percentage no longer is acceptable in Cali. Please advise.
Correct, this video is from Jan 2023. Pre-commission lawsuit settlement.
What if it wasn't checked in the RPA and the BA decides to send the SPBB near COE? Do I just flat-out decline it?
Can't tell you how to respond. It's negotiable. :)
Got it, thanks.
Ok. What if I did sign the buyer agent agreement and indeed it was for 3% but the MLS States 2% but I want 2.5% at least
It is negotiable. I got 2.5
Thank you! Ugh so confusing..✅️