Quote:
Originally Posted by reolister
They want it at 50/50, so offer 50% to the buyer's agent. I think in this market, if an agent has a buyer that actually wants to buy, and CAN buy, that agent isn't going to lose a sale over .5%.
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I agree.
Quote:
Originally Posted by reolister
And if an agent refuses to show their buyer a house because the commission isn't 'good enough', then I feel sorry for that buyer - we are supposed to act in our CLIENTS best interest, not our own.
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I have some concern with this blanket type of remark. Yes, you should represent your client - but you are in business to make money after all.
So, lets run this type of thinking WAY out to a crazy extreme example:
Instead of it being 2.5%, lets drop it down to.....
2%?
1%?
0%?
-5% (where the seller hates real estate agents so much that he charges a premium THAT YOU HAVE TO PAY to be a part of the transaction to represent your client)
-25%?
Yes, I know its somewhat absurd to run it to that extreme. But, I hear that saying all the time - and its not entirely correct IMO.
At some % (which is different for each person), it doesn't become feasible for you to be in business to represent your client or anyone else.