VERY IMPORTANT:
1) As of August 10th Veterans will be able to pay real estate agent commissions when they buy a house
2) Because of the NAR Lawsuit as of 6/24 starting in August all buyers who are working with a real estate agent will need a signed buyers agreement which lays out how the real estate agent will be paid
3) Both the time period committed to agent and the agents fees are negotiable. In this video I cover the change and discuss how I personally would be looking at it if I was buying a home. This is not intended to set a price or be legal advice. This is my personal opinion. YOU can negotiate whatever you and the Real estate agent agree. Always discuss with your real estate agent or a real estate attorney. Every persons situation is unique and what is best for you in terms of negotiating is your call.

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Timestamp:

0:00 Intro
0:09 Explanation of the lawsuit
0:20 Changes to commission payments
0:41 Real estate transaction fees
1:03 Impact on veterans
1:09 VA’s new policy effective August 10th
1:22 Future challenges for buyers
1:31 Explanation of buyer agreements
2:03 Negotiability of commissions
3:00 Misleading buyer agreements
3:30 Setting reasonable commission rates
4:06 Avoiding overcharging by agents
5:16 Choosing experienced agents
6:00 Issues with transaction fees
7:06 Importance of negotiation
8:00 Legal binding nature of agreements
8:45 Necessary lender documentation
9:03 Compliance and transaction fees
9:50 Negotiating the term of agreements
10:28 Terminating buyer agreements
11:00 Seeking broker assistance
11:30 Warning about potential gaslighting
12:00 Final advice to buyers
12:25 Questions? Call me at 707-478-0637 or Book the Calendar!

Licensing info:
Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2023 www.zerostressmortgage.com
NMLS 247743 Guaranteed Rate NMLS 2611

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My State License Numbers:
AK – AK247743, AL – 72998, AR – Licensed, AZ – 1007541, CA – CA-DOC247743, CO – 100516570, CT – LO-247743, DC – MLO247743, DE – MLO-247743, FL – LO66900, GA – 70357, HI – HI-247743, IA – 33839, ID – MLO-2080247743, IL – 031.0054184, IN – 41478, KS – LO.0039219, KY – MC717200, LA – Licensed, MA – MLO247743, ME – Licensed, MI – 247743, MN – MN-MLO-247743, MO – MO-247743, MS-247743, MT – 247743, NC – I-189119, ND – NDMLO247743, NH – Licensed, NM – Licensed, NV – 66544, NY – Licensed, OH – MLO-OH.247743, OK – MLO20600, OR – 247743, PA-247743, SC – MLO – 247743, SD – MLO.08498, TN – 205478, TX – Licensed, VA – MLO-40552VA, VT – VT247743, WA – MLO-247743, WI – 247743, WV – LO-247743, WY – 8203

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.

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