The Ramifications of the Realtor Commission Verdict
Guilty Of Conspiracy To Inflate Agent Commission.
Is the Sitzer Verdict the force driving Agents to hire as employees of their Lender partners?
It sounds crazy, but in January 2023, it became legal, there are controls in place to try and maintain ethical practices...
But there is a growing trend of Realtors becoming actual paid employees of their lender partners, allowing for payment between parties, and that may be the next level of locking in a realtor partner.
What will this mean for Lenders?
The agent provides a value and while there might be changes in how they collect commissions, the value they have been delivering is still there; it’s just a matter of figuring out how they can go about being paid in the transaction process now.
Are any of you doing this or seeing examples of this in your own company or network?
Guilty Of Conspiracy To Inflate Agent Commission.
Do you think you could add value to your Agent relationships if you could refer them home sellers? Do you know who is gearing up to sell their home?...
Let's take a look at today's mortgage originator: With an average age of around 54-56 years old, multiple long lasting relationships with referral...