Loan Officer Rhonda
Loan OfficerForum Replies Created
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Thank you
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I have had a few non profit places ask about forming like a community of them. They are a 501C and checking on grants.So keep me posted.
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I believe it will affect the Realtors that have not been ,getting buyers agency agreements upfront. As consumers are so hesitate to sign papers to begin with. So agents that have been pushing those are the ones that offer value, should be fine. As their past service gets their name out by referrals, they will not have to sell their selves.
I see it not benefiting the buyer and sellers, making it more complex. It goes back to listing agents that say charged 6% and paid a 2% to selling agent . Was not fair if that agent had worked hard to get them there, and would ask for higher commission. Agent just say no , and seller’s never know.
But now agents have to have buyers agent agreement prior to seeing home. It will not go over well, you will have buyers trying to deal with just listing agent. Not having any assistance. That agent works for seller.
It could be we see consulting fees or buyers paying retainer fee’s. Every one does better when they have skin in the game. Now the educated sellers will soon, find out what all the professional Realtor handled.
So we could see commissions get higher, as the commission the selling agent would get is not in MLS so that is going to make more phone calls to selling agent. But that goes back to the ones that know and show their results.
As I see first hand how using the discount broker affects them. This past week seen where agent put their sign up. Did not even bother to take the FSBO sign. Goes back you can always find cheaper service, you pay for what you get.
It is just a new way of doing business, just how back years ago. When a lender would do discount points. Seller would not pay them. Now it has become a standard practice on lending side.
There will always be people that sue, just as we all know hot coffee burns. But see what that cup of hot coffee cost McDonalds . There is always some attorney willing to take on the challenge in court.
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I would like some information on getting a workout and better eating plan. Maybe try and form an accountability group. I need it so bad , for health but mental clarity.
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I always heard they were good dogs
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I can tell you buying a home in Alabama is a good investment. In Mobile County if you allow your home to be rented Section 8.They are paying more than I have heard of in past. They are trying to get homes in different locations. Plus it is a shortage of the rentals for those.
Saraland is a great place to buy to rent, as it school system has drove house prices up plus the rental amounts. As I live in Alabama, always beach properties. If you want to go that route. As can rent in summer months, and o snow birds.
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nationalmortgagenews.com
NAR settlement might lead to more dual agents, but LOs are skeptical
Loan officers expressed concerns about stepping on the toes of their referral partners.
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Below is a link for each State’s program. Along with info. https://www.thebalancemoney.com/a-state-by-state-guide-to-down-payment-assistance-5200572
