Buyers Stand to Lose the Most from Recent Commission Lawsuit Proposals
By Benjamin Clark, Buyer's Agent - Certified Negotiation Expert
(Homebuyer Representation, Inc.)
Recent developments regarding real estate brokerage fees harm one party in the real estate transaction far more than the other... The buyer.While those applauding the proposed settlement terms talk about how much of a win this is for consumers, if nothing else changes, the proposed agreement is about as anti-consumer as it can get.Under the imperfect compensation model of the past, buyers were able to have their representation costs included in their purchase transaction. Arguments aside, this is the main reason this model has stood for so long. If no other changes are made in the industry, the proposed settlement terms all but eliminate the low income and first time buyers' ability to operate on a level playing field.Mortgage guidelines, laws and regulations essentially make it near im...
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