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	<title>The Gary Cardillo Group</title>
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		<title>Q: How has this new “anti-trust suit” in Missouri impacted the way agents work with buyers and sellers?</title>
		<link>https://flwaterfrontliving.com/2024/08/q-how-has-this-new-anti-trust-suit-in-missouri-impacted-the-way-agents-work-with-buyers-and-sellers</link>
		
		<dc:creator><![CDATA[Gary Cardillo]]></dc:creator>
		<pubDate>Thu, 29 Aug 2024 20:26:56 +0000</pubDate>
				<category><![CDATA[Buying Real Estate]]></category>
		<category><![CDATA[Selling Real Estate]]></category>
		<category><![CDATA[buyer]]></category>
		<category><![CDATA[buyers agent]]></category>
		<category><![CDATA[charlotte county]]></category>
		<category><![CDATA[charlotte county real estate]]></category>
		<category><![CDATA[informed]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[listing agent]]></category>
		<category><![CDATA[realtor]]></category>
		<category><![CDATA[seller]]></category>
		<guid isPermaLink="false">https://flwaterfrontliving.com/?p=4088</guid>

					<description><![CDATA[A: For as long as most can remember, seller’s paid a commission to the listing agent, and that agent would then split the commission with the buyer’s agent, also known as the “selling agent.” With the decision that came down as a result of this lawsuit, commissions can no longer be posted on an MLS [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>A: For as long as most can remember, seller’s paid a commission to the listing agent, and that agent would then split the commission with the buyer’s agent, also known as the “selling agent.” With the decision that came down as a result of this lawsuit, commissions can no longer be posted on an MLS sheet for the buyer’s agent to view. That agent must now reach out to the listing agent to see if a commission to the buyer’s agent is going to be paid from the seller’s agent’s total commission, or from the seller him or herself. Any buyer wanting to view a home, must now sign a brokerage relationship disclosure by law with a buyer’s agent, or agent working in that capacity, prior to showing any property. That document will outline the commission the buyer’s agent is to receive and the length of time that representation is to last. In a rare case, if a seller decides he or she wants the buyer to pay his or her agent’s commission, then that brokerage relationship disclosure the buyer signed will come into play with the buyer having the responsibility to pay the commission.</p>
<p>I’ve often used the analogy of buying a car. You either get the discount off your trade-in or off the sticker price, but not both. Essentially you have two different paths to arrive at the same number and this is no different. Virtually all the sellers we know are looking to keep the terms as they have been, as a seller’s expense. The thought is it will increase the size of the number of agents who want to show their property. However, as we’ve shared with our sellers, should they decide they want the buyer to pay the commission, just like every other consideration the buyer is taking into account when making an offer on a property, that commission will now be factored in as well. The result could be an offer that is significantly lower than the commission percentage the buyer will now have to factor in. In short, while there is an extra step that may be involved for a buyer’s agent, we are seeing things pretty much remaining the same.</p>
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		<title>Do you think the market is going to crash and should I wait before buying something now?</title>
		<link>https://flwaterfrontliving.com/2021/12/do-you-think-the-market-is-going-to-crash-and-should-i-wait-before-buying-something-now</link>
		
		<dc:creator><![CDATA[Gary Cardillo]]></dc:creator>
		<pubDate>Wed, 22 Dec 2021 18:36:33 +0000</pubDate>
				<category><![CDATA[Buying Real Estate]]></category>
		<category><![CDATA[Selling Real Estate]]></category>
		<category><![CDATA[buy real estate]]></category>
		<category><![CDATA[buyers agent]]></category>
		<category><![CDATA[charlotte county realtor]]></category>
		<category><![CDATA[current market]]></category>
		<category><![CDATA[gary cardillo]]></category>
		<category><![CDATA[hot market]]></category>
		<category><![CDATA[listing agent]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[real estate market]]></category>
		<category><![CDATA[trends 2022]]></category>
		<guid isPermaLink="false">https://flwaterfrontliving.com/?p=1622</guid>

					<description><![CDATA[I get this question a lot. Unlike the real estate crash that occurred from 2007-2009, where the thriving market was built on speculation and buyers getting sub-prime mortgages, this market is much more sound from the perspective that it hasn’t been investor driven, and most buyers have either paid cash or taken out a smaller percentage [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>I get this question a lot. Unlike the real estate crash that occurred from 2007-2009, where the thriving market was built on speculation and buyers getting sub-prime mortgages, this market is much more sound from the perspective that it hasn’t been investor driven, and most buyers have either paid cash or taken out a smaller percentage of financing. As I’ve mentioned in previous newsletters, people found they could work remotely, and having sold homes up north at significantly higher prices, decided there was no reason to wait until their retirement years to move to Florida. However, with prices having risen due to high demand and low inventory levels it would appear more likely that the meteoric rise may become more gradual and that buyers will become more patient, waiting for there to become more of a balance in the market than the buying frenzy that has occurred the past two years. Where I do see signs that inventory levels could remain low stem from sellers who would like to take advantage of the market, but don’t want to jump into the pond of other buyers desperately looking for a home. The feeling the profits attained could be offset by the increased price they would be paying for their next home, may not be worth putting their home on the market for sale. Could that limit new listings coming on the market, resulting in fewer homes available for sale? Possibly, but natural disasters, epidemics and the loss of loved ones can put what is important in life in a different perspective. The desire to downsize, travel more, or moving back closer to family will continue to bring new inventory on the market and the willingness we are seeing from buyers looking for a better quality of life I feel bodes well for the market to remain strong this new year.</p>
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