Real Estate Updates: Understanding the New RPA and Commission Changes
In this episode, we dive deep into the significant changes in the real estate domain, particularly focusing on the elimination of the SPBB form and its integration into the purchase agreement (RPA).
We discuss the implications of these changes for sales agents, who now must negotiate their commission within the purchase agreement itself.
Learn about the recent additions to the RPA, such as the inclusion of increased deposits and a new fire insurance contingency. The video emphasizes the importance of a buyer broker agreement, detailing the best practices for securing commissions and navigating buyer-seller interactions.
Stay tuned for essential insights on farming techniques, leveraging tools like the Orange Coast Title app, and utilizing valuable resources like Prop 19 for potential clients.
00:00 Office Meeting Introduction
07:03 Contingencies and Cancellations
10:01 Buyer Broker Compensation
18:20 The correct way to work a Lead
26:15 Timing of Compensation
32:25 Getting your offers presented
37:33 Lead Generation and Farming with Kristy Wry
37:34 Kevin AI