Real Estate Insight | InTouch Podcast #25
Hosts: Gary Giffin, Mana Mahfoozi, & Andrew Michael Arroyo
In today’s fast-paced real estate world, staying informed and adaptable is essential. Our latest podcast features Mana Mahfoozi, a seasoned real estate professional with over 25 years of experience. Her expertise and mentorship have guided countless agents, making her a leading voice in the field.
Understanding the Buyer Broker Agreement
Mana explains how the Buyer Broker Agreement has shifted from an optional to a mandatory requirement in California as of August 17. This contract between buyers and their agents outlines services and compensation, bringing clarity and trust to every transaction.
Negotiating Commissions and Listing Changes
Previously, the listing agreement included the buyer’s agent’s commission. Now, that amount is negotiated directly between buyer and seller. Mana emphasizes that agents must hone their negotiation skills to effectively represent their clients’ interests in this new environment.
Clear Communication and Education
Mana stresses the importance of educating clients about these regulatory changes. By clearly explaining the value of professional guidance, agents can help both buyers and sellers navigate the complexities of real estate transactions with confidence.
Practical Strategies for Success
Mana shares her proven tactics for discussing the Buyer Broker Agreement, ensuring everyone involved understands its benefits. She underscores the power of transparency and collaboration, which build the foundation for successful negotiations and satisfied clients.Stay Ahead in a Changing Market
Tune in to this insightful episode to learn from one of the industry’s best. Equip yourself with the knowledge and strategies needed to thrive in today’s evolving real estate market.
