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Old 07-26-2012, 07:31 AM
 
616 posts, read 881,289 times
Reputation: 378

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Quote:
Originally Posted by bsharynu View Post
Is this situation common in Atlanta? Is it common elsewhere? As a seller, I would never accept an offer that asked to pay the buying agent more than is listed in the agreement. Why would I? (Did they go above and beyond to bring an amazing buyer to me with no contingencies? Are they offering me above asking and the additional commision just equals to my asking?) As a buyer, why would I want my agent to ask for more commision for them? That is selfish. With the extra money that the seller would be shelling out to the buying agent for an additional commission, I think should go to the buyer as a lower price for buying the house. The agent is already getting a commision, why are they being greedy to my detriment? I think this is unethical. I understand there are shady realtors out there, but this just seems abnormal.

Because all things are not equal. You either want to sell your house or you don't. You've got to play ball if you want to get rid of your house, and the realtors know that. Its not about "fair", it is about leverging the system to your favor as best you can without doing anything illegal.

And yes, it is common in every competitive market. Why do you think some agents are the "top selling agent in city X" year after year? Because they work harder? Pffftttt! It is because they know how to play ball.
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Old 07-26-2012, 09:17 AM
 
265 posts, read 341,722 times
Reputation: 184
Quote:
Originally Posted by 10 feet tall View Post
Because all things are not equal. You either want to sell your house or you don't. You've got to play ball if you want to get rid of your house, and the realtors know that. Its not about "fair", it is about leverging the system to your favor as best you can without doing anything illegal.

And yes, it is common in every competitive market. Why do you think some agents are the "top selling agent in city X" year after year? Because they work harder? Pffftttt! It is because they know how to play ball.
In other words, they use unethical means to screw clients out of their money. The rich get richer. Isn't this part of the reason we're in this housing mess.
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Old 07-26-2012, 03:35 PM
 
Location: Midtown Atlanta
7 posts, read 12,288 times
Reputation: 10
I've been selling real estate for 8 years and I've NEVER had a Buyer's agent do that to me. I'd question the agent, and I highly suspect his Buyer does not know that the offer is being held up by HIS demands....
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Old 07-26-2012, 08:05 PM
 
924 posts, read 1,133,556 times
Reputation: 362
The internet can be a great tool, I would be sure to leave negative reviews and mention this so potential buyers know to stay FAR away from this person in the future.

We bought a house about a year ago and it was very clearly set out in the beginning how our agent was getting paid and how much. If I found out she was demanding more she would have been fired by us on the spot.
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