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Broker to broker compensation is done in South Carolina. But how do you real estate agents navigate through the compensation discussion now? For some reason, we want to make this very difficult. But it is not. It does require you to understand and articulate your value. It is not time and task based, rather it is based on outcomes. Listing agents must learn how to educate the sellers about commission negotiations. Buyer agents need to adapt their strategies in this new environment. This is not anti-buyer agent. It is pro-agent and pro-client. takeaways FINCEN reporting is mandatory for cash transactions involving corporate entities. The end of broker to broker compensation changes how commissions are negotiated. Commissions should be discussed at the contract stage, not during listing. Educating sellers on net sheets is crucial for transparency. Buyer agents must adapt to the new compensation landscape post-reform. Agents should focus on protecting buyers rather than just facilitating purchases. Everything in real estate transactions is negotiable, including commissions. Agents need to entertain all offers, including those with concessions. The perception of guaranteed commissions is no longer valid. Agents should not feel obligated to reduce their compensation for buyers. Chapters 00:00 Introduction and Market Overview 03:06 Understanding FENSIN Reporting Requirements 05:53 The End of Broker to Broker Compensation 09:05 Navigating Listing Agreements Post-Reform 11:47 Educating Sellers on Buyer Commissions 14:56 The Role of Buyer Agents in the New Landscape 21:40 Strategies for Buyer Agents 27:37 Conclusion and Key Takeaways Don't forget to like us and share us! Gary Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.