Real Estate Upheaval- No Commission🫣

Have you heard of the changes coming down the pipe in the Real Estate Residential world? 🤔.. There is a new dawn on the horizon.... For years,  when agents are hired by homeowners, it has been so customary to build in the commission for both sides in the asking price. After all, and why not in most situations it takes the listing agent and the buying agent to support/ bring to close both parties (seller and buyer).... Well, have you heard that NAR has lost the LAWSUIT, defending this old tradition/practice of compensation and ( companies such as KW and RE/Max- to name just a few🫣 already making settlement as a result).. I am not necessarily going to go into it here- right now; However, what I will say is real estate agent who work with their buyers, will "have to" seek their compensation from that said 'buyer'. This new practice could be around the corner as soon as within the next 6 months, officially... Oh and guess what, this is a NATIONWIDE ruling, not just our beloved Florida.. 
One thing I wonder about though, is those first time homebuyers -(FHA Loans???)... Which has so many "you cannot" add fee to the buyer contract; 🤔🤔- how will that work, with this new structure of commission compensation..🤷🏾🤷🏾hhhmmmm-I hope HUD will answer this question sooner, rather than later; as this is a large pool of the home buying community...
This lawsuit in my opinion as so many cliffhanger 🙄, the more I think about it, hhhhhmmm.

Comments

Post a Comment

Popular posts from this blog

bluntness

It has always been amazing to me, how lack of bluntness people can be, while requiring bluntness ( yeah- the thought would cause me to scratch my head as well...to continue).... The person looks at your face and say ( I am making up a name here..) John, what is the matter, he hesitates knowing his facial expression is saying one thing, but his mouth is trembling to keep his thought to himself... But- noooo, she is pushing to know what it is... ( eeek) .... Then he says it, she squeals, slaps him, all while saying how could you say such a thing...( ok ok the suspense is killing- you I know.... what did he say?..well in the bluntness, not so bluntness- He told her she had a Booger in her nose... So, moral of the story- John was too Blunt and now he has lost the opportunity to go on another date with her.. ( life of bluntness)..
Read more

INTEGRITY Hat...

Have you ever research this word-integrity??.. it’s a blog so I cannot go on about its definition- so, do me a favor look it up and study the various meaning….Good, now that you have been obedient to that assignment ;) … the question is begged- Are u living in, INTEGRITY with yourself? Seriously, we concern ourselves with knowing if other people have INTEGRITY, and RARELY, if ever examine our own character traits of its meaning...Do u realize, if the trait is diminished or missing in you; it is virtually impossible to appreciate INTEGRITY in others- and look, I am not speaking/typing/blogging about the surface wading in the 1/2’ area of the beach side of the words meaning; But rather it’s core depth: Self honesty, Sincerity, etc.,.. (short story- my dad for years, and still do, say to me, “ love you dear & Be good to Yourself”— I use think he meant make sure u r eating right [ ok,don’t ask, lol] )... in all his farmer wisdom- what he was saying live in INTEGRITY- I have found &...
Read more