Escrow Out Loud: San Francisco Real Estate

A deal is a deal and an agreement is an agreement, right? Last week we talked about ‘real houses’ and the trend that sees developers building more condos in the city. So, this week on Escrow Out Loud, our San Francisco Real Estate podcast, we thought we would talk about new construction commission agreements in San Francisco.New ConstructionNew construction differs from resale transactions as most new construction is not in the MLS – which is not just a database of homes, it is also an offer of compensation. Britton explains more about how this works and how, in new construction sales, the agents often have to sign a commission agreement with the developer which outlines how they will be paid by the developer and typically states that they are not to share their commission with the buyer. In addition, there are a variety of laws that deal with issues such as: who can receive a commission, who can receive a commission that you need a licence for etc.Outside EscrowBut let's talk about the commonly used, straigh