Pre-Shift Huddle: Prep for the Realtor Commission Changes
Вставка
- Опубліковано 22 жов 2024
- Pre-Shift Huddle: Prep for the Realtor Commission Changes | Tom Ferry Podcast Experience
The Realtor commission changes are right around the corner. We’re about to step into a new real estate world full of uncharted territory that completely changes how we do business. This is your last chance to get your business air-tight and leave no stone unturned before the big day.
I want to help you get there and step into this new world with confidence. That’s why for this episode of the Tom Ferry Podcast Experience, I’m sharing an entire webinar I did which attracted over 5,000 motivated agents. The goal here is to provide you with everything you need to prepare before the Realtor commission changes take place.
I’m talking with titans of the industry, such as Alyssia Essig (leader of The Essig Team), Jack Miller (CEO of T3 Sixty), David Childers (CEO of Keeping Current Matters), Kristi Jencks (one of the top business coaches out there), and marketing master Jimmy Mackin (CEO of Curaytor), about everything from contracts and processes to negotiations and buyer consultations.
Do not take these Realtor commission changes lightly! Watch this episode and make the changes before it’s too late!
------------
Interested in a FREE Coaching Consultation? Click Here: bit.ly/TFfcc
For the majority of my life, I’ve been passionate and dedicated to changing lives by giving away the very best strategies, tactics, and mindset techniques to help you and your business succeed. Join me as we take this to level 10!
------------
Let's Connect:
Website - TomFerry.com
Facebook - / tomferry
Instagram - / tomferry
Twitter - / tomferry
Podcast - TomFerry.com/P...
Events - www.tomferry.c...
_____
You are advised that any Information provided on this podcast is not legal advice. Ferry International assumes no responsibility for consequences resulting from the use of the Information. Some of the Information may be outdated or not consistent with current law.
Want to access all of the slides referenced in this episode? Access them here: www.tomferry.com/preshift
Not included in this link.. Can you send the link with the slides please?
@@yhankmm100 Tom’s link has additional links for the presenters slides
Thanks Tom!
Fireside chat. Thank you for the scripts
This video has been so helpful in actually giving me ideas on how to have the conversation with my clients. This video has actually relieved my stress with the change, and it seems so much more professional in really expressing my value to my clients. Love it! Great job, and thank you!
Fireside Chat. Thank you for the scripts
Thank you! When will the scripts be sent?
Thank you for this...very helpful
Excellent content!
Great information. Excellent pros. Thank you.👏
Amazing positive info!!
18:59 34:20
FL agent: I keep hearing from agents in other states to write the offer and ask for compensation in it. My question is how? According to my broker we can not do that. In FL we are not a party to the contract, so we can not ask for compensation in any part of the offer. We can get a compensation agreement signed outside the transaction but we can't make it part of the offer contract at all.
Same question here.
I’m not in FL but can’t the agreement to pay your fee be between the buyer and seller? The buyer asks the seller for concessions and uses those concessions to pay the fee to their buyers agent that they previously agreed to. Thinking out loud… can this work?
How do I get that Canva template?
Are you requiring the seller to indicate an exact %/$ amount they're offering to the cooperating broker in your Exclusive Right to Sell Agreements? Are you unilaterally having the seller put $0/0% to cooperating broker and then having them update that depending on what comes? I just had these questions after Jack presented his principals.
Is there a link to the slides and canva templates?
🎉thank you 🎉 amazing information!!
How can
I get the slides?
www.tomferry.com/preshift
Fireside chat
Fireside chat- please send slides and scripts great information
I’m confused. I just saw Mr ferry on a podcast supporting listing agents still offering a buyer broker commission, but the first presenter here says not to “read minds” or “overcommit your seller” I.e. don’t offer a buyer broker commission? So what exactly are you suggesting here ?
I think the whole point is all agents regardless of which side of the transaction, needs to discuss the services benefits and value the realtor can provide...but then the seller or buyer decides what they will pay.
Recent meetings at our board were heated. Our forms changed July 31st. The boards buyer brokerage is 5 pages filled with legal jargon. Our brokerage has a 2 page agreement that describes what the agent will do for the buyer- 8 Pillars. Then it asks for compensation and a signature. Clean and documents what the agent will do for the buyer. The agreement opens the door for elaboration about the buying journey.
The agents who sell $700,000 ++ homes are frantic about asking for $20,000++ compensation. While the sellers are realizing more $ on their bottom line. The new purchase agreement allows the buyer to ask for compensation for the agent from the seller. The seller can counter. Only time will tell. What are your thoughts? Will the buyer and seller determine our value when a $400,000 home has the same tasks as a million $ home?
Actually many times a multi million dollar buyer takes many more tasks than a $400,000 buyer. Ive had both and high end buyers can have various “proof of funds” that need to be checked and qualified thru few sources. I work with many doctors, who are wonderful, but their schedules for inspections, Docusign signatures, explanation of all disclosures, request for repairs etc are not on same timelines as as lower priced home buyer who are also wonderful and accessible. As a buyers agent we acclimate to our buyers, needs, wants, and schedules that require a lot more follow up to get timelines met timely. Tasks can differ greatly from transaction to transaction. The basics of course are the same, but some buyers need more attention than others!! That’s why we get paid to solve all issues and problems.
Great content!! Please send slides & scripts thank you …😎
When an where is the summit
Fireside chat