That is my take on the NAR settlement: Losing buyer’s agent’s compensation from the MLS is a terrible thing for buyers, which in turn will hurt sellers.
But: Even so: Because the buyer’s agent’s commission is now a marketing differentiator, placing the ad you see above in a flyer frame in each of my listed homes will give my sellers a leg up on their competition.
It’s against the rules for buyer’s agents to shop by commission, but it is my perfect right to let them know that Bloodhound Realty, at least, has them covered.
I wrote about the NAR settlement in greater depth in an article I sent to the Independent. If they don’t care for it, I’ll post it here.
Meanwhile: A good listing agent is the best bargain in real estate, surfacing for the seller the highest attainable net return from the buyer least likely to fail to perform, all in the least amount of time – the highest/safest/soonest offer.
And the second-best bargain in residential real estate is an experienced buyer’s agent: Literally paid just for the introduction to their buyers, yet shepherding them through every step of the process, startling long before we sign a contract, and then making sure every hurdle in the escrow process is overleapt on time.
The bottom line is the bottom line: If you got less than you wanted – of anything! – you overpaid. If your results were better than you expected – tell your friends and family! 😉
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