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I didn't say they weren't necessary, nor did I say they had "no power".
Your "six figure" friends are on a slippery ethics slope if they are intentually steering their clients to properties they choose. Also modifying the searches or entering false information in a way so that the buyer doesn’t see all the available properties is a possible ethics issue.
As you stated, I will too...Never said they were my "friends" only I have seen other agents call...remember?
Try to sell on your own as For Sale By Owner and many brokers will try to reel you in, on a case by case basis you can agree to pay them 1-2% if they sell, and there is no listing agent as that person is you- Many real estate contracts will also allow that if you sell on your own, they are not due any fee or a small percent. Hiring a realtor is a contract and like all of them, they can be negioated.
You are correct and great option with a clause. The home owner "FSBO" is on the hook for 2 yrs in most states AFTER THE SALE if in correct papers were not filed, or things were not disclosed! Beware! But a good idea though.
Not here in NY, here in NY once it goes into contract, people hire an atty and they become responsible for certain things, in regard to filing paperwork a title co is paid to file that, the mgr co has to file a deed with the county,here the realtor only sells the house and then shows up at closing for the $$. I would ck out the laws in all those areas.
The listing realtor pays for realtor.com..correct?
That I have no clue on. Here in Illinois, the Realtor pays a yearly fee to the MLS and can choose to list properties on there if they so desire. Of course, it would be in their best intrest of their client to do so.
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