You are wrong on that. Not every state allows dual agency...which is when the buyer and seller is represented by one agent. Most cases, list agents represent the seller/s only
If buyer doesn’t need or want representation, how to they get in to see the house? Do they wait and hope for an open house or forced to pay 1-2% just for agent to open the door? Thanks for sharing your thoughts
I'm getting this question a lot. For starters, please keep numbers out of the conversation. Other agents can see this and it's why we are in the new era of real estate. Commissions are always negotiable. So, a buyer would have to go to the list agent directly to gain access. A good agent will be able to articulate what they provide and not come off as a "door opener" lol. Having said that, let me take off my Realtor hat lol. I would be concerned as a buyer dealing with contracts on my own. It was so confusing before I got into the business plus I wouldn't trust the list agent. That's my opinion, you can take it with a grain of salt lol. At the end of the day, it's up to each individual, and whatever they choose is ok. Us agents with great negotiating skills will benefit a buyer the most. What is your take, how do you feel about all of this?
@@anthony_esposito For majority who buy one or two houses in their lifetime this may be true. But myself and a number of close friends have been involved in multiple real estate transactions both with and without Realtors. We're completely comfortable and prefer no representation. Seller's (listing) agent won't provide access without compensation agreement to simply open the door, thus my question.
@@anthony_esposito At the end of the day, buyer only has a certain amount of money they're willing and able to offer for a property. The more that has to go to agent the less that goes to seller making offer less attractive. Most people can benefit from an agent however for those that don't need one, how do they gain access to simply see the property?
We as listing agents, to perform our fiduciary duties to our client (seller), have to allow an unrepresented buyer to tour the home. We also, have to fill out the contract for an unrepresented buyer if they don't have a lawyer to do so. All of this can be done without the buyer signing an agreement
You are correct, not everyone can afford the added cost. This is where, as a list agent, we have to educate our clients on every aspect. As a buyers agent, if it is a scenario where the buyer can't afford to pay the agent for representation, we will negotiate in the contract for either two ways.....seller pays brokerage or seller offers concessions
Nothing will change listing agents have always represented both sides of the sale no split
Buyer pays there closing costs as in escrow fees
You are wrong on that. Not every state allows dual agency...which is when the buyer and seller is represented by one agent. Most cases, list agents represent the seller/s only
If buyer doesn’t need or want representation, how to they get in to see the house? Do they wait and hope for an open house or forced to pay 1-2% just for agent to open the door? Thanks for sharing your thoughts
I'm getting this question a lot. For starters, please keep numbers out of the conversation. Other agents can see this and it's why we are in the new era of real estate. Commissions are always negotiable. So, a buyer would have to go to the list agent directly to gain access. A good agent will be able to articulate what they provide and not come off as a "door opener" lol. Having said that, let me take off my Realtor hat lol. I would be concerned as a buyer dealing with contracts on my own. It was so confusing before I got into the business plus I wouldn't trust the list agent. That's my opinion, you can take it with a grain of salt lol. At the end of the day, it's up to each individual, and whatever they choose is ok. Us agents with great negotiating skills will benefit a buyer the most. What is your take, how do you feel about all of this?
@@anthony_esposito For majority who buy one or two houses in their lifetime this may be true. But myself and a number of close friends have been involved in multiple real estate transactions both with and without Realtors. We're completely comfortable and prefer no representation. Seller's (listing) agent won't provide access without compensation agreement to simply open the door, thus my question.
@@anthony_esposito At the end of the day, buyer only has a certain amount of money they're willing and able to offer for a property. The more that has to go to agent the less that goes to seller making offer less attractive. Most people can benefit from an agent however for those that don't need one, how do they gain access to simply see the property?
We as listing agents, to perform our fiduciary duties to our client (seller), have to allow an unrepresented buyer to tour the home. We also, have to fill out the contract for an unrepresented buyer if they don't have a lawyer to do so. All of this can be done without the buyer signing an agreement
You are correct, not everyone can afford the added cost. This is where, as a list agent, we have to educate our clients on every aspect. As a buyers agent, if it is a scenario where the buyer can't afford to pay the agent for representation, we will negotiate in the contract for either two ways.....seller pays brokerage or seller offers concessions
Just be happy with owning nothing, and be a nation of renters, thats what america wants for their citizens "remember line must always go up"
It does feel like that at times