As of this weekend B2B compensation is DEAD! ☠️

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A post shared by Maji Ramos, Realtor (@majis_miami)

B2B compensation is officially DEAD. What does this mean? This MEANS that compensation for a buyer’s agent will not be shown on the MLS, and I’m speaking for Florida, Miami Dade County. Actually it’s nationwide, but every state and association has different forms. All across the board, all compensation for Buyers agents will no longer appear on the MLS.

Does it mean Buyers agents won’t be compensated? NO, of course not. Buyers agents do a lot of WORK. We do a lot of work and we will be compensated. It’s just going to be another NEGOTIATION.

There’s all these new documents associated with these changes. And these documents are very fluid, they change all the time. I think it’s going to be like that for the next six months or so, until all of this settles down. Basically there’s a representation agreement that Buyers need to sign to view MLS listed properties. In that agreement, it will discuss compensation and if a Seller is unwilling to pay a Buyer’s agent, then the Buyer may have to agree to pay that.

So it’s really, really important for both Buyers and Sellers to hire extremely EXPERIENCED Realtors that are extremely SKILLED NEGOTIATORS. This is a very big change in our industry.

It’s a huge fundamental change in how things work. And it will require very specific and KEEN NEGOTIATION SKILLS.

There’s also going to be a non representation agreement. There’s different forms. Again, they do change constantly. There was just a change a few days ago. And the listing agreements are also changing as a result of all of this.

I do believe that BUYER’S AGENTS are extremely IMPORTANT. They, were created for CONSUMER PROTECTION. Make sure you select a very good agent that knows how to NEGOTIATE, understands all of these changes and
knows how to NAVIGATE all of this.

Like “Majic”, I’ll get it CLOSED!

(Maji) Maria Ramos, Real Estate Advisor

Miami Realtor since 1993 🏡| 2nd Generation Realtor | Miami native
Resiliency Ambassador 🌊

305-519-7940 | maji@majisold.com
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