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This might not affect everyone, but I was meeting with other Brokers recently discussing the new 2024 listing agreements and purchase contracts which now explain and break out fees. One mentioned that she works with large investment funds that will never pay the buyer's agent fee. An investor like Invitation Homes, for example, sends her a list of addresses and tells her to write offers on those listings for the "luxury" of them sourcing their own houses, they ask her to pay them either a rebate (where legal) or a referral to their local Brokerage. That means that they make a shit ton of money just with rebates and referrals but with the new lawsuit and the talk of breaking up co-op commissions, what will happen when a listing doesn't have a buyer co-op? Has anyone thought about how they'll work if a buyer emphatically says they won't pay a commission?
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- 11 months ago
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