After you agreement with the Real Estate agent has lapsed.......
Frances Pitts
8 years ago
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Sandy
8 years agoRelated Discussions
Bringing a real estate agent in late to negotiate new constructio
Comments (30)sylviatexas: "Representation & procuring cause aren't the same thing. Procuring cause is getting a buyer for a property or a property for a buyer. Representation is representing the client's best interests. HaHaHaHaHa. OF COURSE it isn't the same thing! That's the point that I was making, lol! It was you who was implying that the builder wouldn't let the buyer have representation when all along the issue was the builder wasn't going to pay the agent because the agent wasn't the procuring cause for the transaction. Nice spin. And speaking of spin..... sylviatexas: "If I started negotiating with a builder on my own & felt that I was in over my head & the builder told me I couldn't bring my Realtor, I'd look for another property." Let's change your example ever so slightly without altering the basic concept. Let's say instead of looking at a new house you're looking at a resale. Same circumstance except instead of dealing with a builder's sales office, you're dealing with the seller's listing agent. Okay, now let's get back to your example. You're negotiating with the listing agent on your own and feel that you're in over your head and want to bring in your own real estate agent to negotiate for you. Are you seriously suggesting that the listing agent should now allow the buyer to use his own agent and pay that agent half the commission? Hmmmmmm?? I didn't think so. And the reason why? Let's all say it again: Because the buyer's agent would not have been the procuring cause for the transaction. It is really not that difficult a concept....See MoreFrustrated w/Real Estate Agent
Comments (32)Thanks all - we are excited! We are buying a DW in a 55+ park just 4 miles from here and close to all shopping :-) It has a sunny eat-in kitchen, large living room, dining room, 2 bedrooms, 2 baths - one is a reasonable size and the master bath is huge. Master bedroom is roomy and the second bedroom is so large we will probably divide it so we can each have our own space - he dabbles in painting and I have an obscene amount of yarn (I packed a lot of it yesterday) for crochet, laundry room and a shed with electricity. The kitchen has black appliances w/a bottom freezer refrigerator. I have almond appliances now and will be glad to have black again, and an installed dishwasher after 7 years using a portable. We have the name of a MH inspector and someone who does MH repairs, not that that is anticipated right away, but you never know. Just a comfort to have that info at hand from the getgo. I'm so relieved to not have to do the routine to show, never knowing when, what, etc. Huge relief. (I'm using "huge" a lot here LOL) A fantasy I have had for many, many years is to have a bathroom large enough that I can keep the scale in it! Sure doesn't take much to make me happy...... Guess I'll have to open a photo hosting account so I can post some pics. TTYL, everyone - time for coffee....See MoreDo real estate agents get commission for buying homes for themselves?
Comments (28)I sold my house to an agent and here’s what happened. We went into escrow and she asked for a reduction in the price by 2.5% instead of being paid a commission from my realtor. It was the same out of my pocket so I did it. The realtor then didn’t have to pay a broker fee because she is representing herself in the deal and she didn’t pay taxes on the commission because she didn’t earn one. I could have said no, then she would’ve taken her commission, paid her broker and paid her taxes. In retrospect, I should not have dropped the price the entire 2.5%, only an estimation of what she would net in the deal. So realtor buyers do have an advantage in any deal!!! All these realtors don’t want to admit it on this thread. “Why should her job matter” bc a realtor can manipulate the system. And this is exactly why NAR and Keller Williams lost a class action lawsuit recently - requiring that sellers pay a buyers agent. It inflates home prices and allows realtors to get personal advantages. Things will be changing. https://www.cbsnews.com/amp/news/nar-lawsuit-verdict-real-estate-agent-commissions/...See MoreBuying a house without a real estate agent
Comments (8)"Even though they will agree to act as dual agent, they wouldn’t have your best interest at heart" well, alas, your own (buyers) agent isn't truly always acting in your best interest either...but yeah, as the English would say, it's a jolly sight better than using a dual agent! THAT is a bad idea as I found out with a house I tried to buy before my current one. Found out the sellers and the 'dual agent' were withholding disclosure of various issues with the property. I dodged a HUGE bullet and swore to always advise people to not use a dual agent - so that's what I'm doing right now! lol I would say first time, almost everyone should have a realtor unless they have some compelling reason they would not need one: they are a real estate attorney by trade, they have family members who are experienced real estate agents to help show them the ropes. I LOVED my first buyer's agent, and in fact a couple years ago sent her a nice email to thank her for how comfortable she made the process for me. Buying and selling my first house was the most financially empowering single thing that happened in my life. (Of course it helped that it doubled in value in the 3 years I owned it LOL.) OTOH...2nd purchase - if you really are gung ho about it and want to go through the motions yourself and are confident you can dot the eyes and cross the Ts, I say go for it. But like someone pointed out...the commission is going to come out of the sale regardless, if it isn't FSBO. So for my 2nd purchase I knew the house I wanted (after the aforementioned one fell through) it actually made more sense to find a person I already knew who was just starting out as an agent and arrange an off-the-record kick back of 33% of her take home even though of course their brokerage technically forbade that. She had next to nothing to actually do...even by 2006, a lot of the process for being a buyer's agent was automated. At least at a big place like REMAX or L&F. She was very happy to be able to claim a first sale within a month of starting her new job. She wasn't really cut out for RE and I'm almost sure that was the only sale she ever completed. 🙄...See Morelascatx
8 years agoFrances Pitts
8 years agolascatx
8 years agorrah
8 years agolast modified: 8 years agoLinda Doherty
8 years agoFrances Pitts
8 years agoncrealestateguy
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8 years agolast modified: 8 years ago
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