StandUpforAmerica said:
Houston Lee said:
2) The big change is that the MLS (Multiple Listing Service) will no longer display/advertise any information on their website about how much commission listing and buyer agents are making for any particular property. That information can been placed anywhere on other webpages or advertisements, just not on the MLS website.
How do you think this one will play out? Buyer's agent won't want to show homes if the sellers won't pay a commission.
I am guessing over time Buyer's agents will figure out how to get paid for other things they do or the Buyer's agent as we now know it will go away.
For example..
Pre-Qualification moves online and you will have to show a document or code to see listed houses
Buyer's agents contract with big companies consolidating locations (Exxon in the Woodlands, Tesla in Austin, etc) to represent ALL their buyers for a monthly / flat percentage fee
Buyer's agents charge a rate fee for their services. Hourly or Daily Rate
Buyer's agents are paid by homebuilders to bring people to their subdivisions
etc
Houston Lee has a good point. Some buyer's Agents will just refuse to show those homes as well.