Quote:
Originally Posted by Winsor_Pilates
I agree, and as much as it sucks I do show my buyers discount listings if they're amongst the best options.
But, I think the only way to fix this is having standard commissions. Most people don't like that idea either.
Congrats to the OP for getting the deal done. Hope you love your new home.
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Quote:
Originally Posted by Realtor 1
I agree that this is the flaw in the system however, IMO, it is these discount companies that have done so.
Compensation being offered to a buyers realtor should be the same % across the board. Whether your list agent gives you 1% realty, full commissions or a flat fee is up to them.
I recently represented a couple buyers both buying through discount brokerages. On these specific properties, the seller was offering full pop to buyers agents and the list agent would have taken the discount. This is how it should be.
If a client came to me and was selling their home and buying another home I have no problem discussing some options with them but one thing I will never do is offer less to the buyers agent.
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how about the buyer pays his realtor and the sellers pays their realtor?
the other issus I have and i dont know how to resolve this, is that without a sale, the buying realtor makes nothing.
this creates a conflict of interest because really the buying realtor is motivated to make the sale, making them in essence a selling agent, not a buying agent. i have heard all sorts of justications from realtors on why its a good time to buy this house or other sort of reasons to buy.
what i want is for them to tell why NOT to buy this house, but what purpose does that serve their bank account?
sure it comes down to ethics and integrity, but when it comes to supporting your family, its amazing how far a "motivated" commissioned sales person may push the boundries.