Short YouTube monologue by J Leon Wooden advising consumers about changes in real estate: media hype is overstated, the primary change is that agent commissions and who pays them are now negotiated. The speaker stresses that contracts must be written by an agent or lawyer, consumers retain more control, and recommends using an agent with strong negotiation skills.
Good morning, consumers. Don't let the news media get you all hyped about the changes in real estate. The only thing that's changed is how agents are paid and who pays their commission. It's like an NBA sports contract. Everything is negotiated now. And if you think you don't need an agent to buy or sell your home, think again. You only an agent or a lawyer can write a contract. And the lawyer is not running you all over town showing you houses. But you can't get around paying a lawyer or agent. Remember that. But it's like a sports contract. You negotiate everything. Who pays, how much commission is paid. The consumer has more control now. Nothing is in stone. So whatever Realtor you use, make sure he has good negotiation skills. Thanks.
