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Old 01-26-2011, 10:44 PM
 
Location: New York
158 posts, read 333,847 times
Reputation: 155

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Are you sure that this wasn't a miscommunication? I can't imagine that this could be the case? Tell your agent to submit an offer asap, there are no rules against pricing a property below market.
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Old 01-26-2011, 10:57 PM
 
Location: The Greater Houston Metro Area
8,079 posts, read 10,428,391 times
Reputation: 10897
We have a form in Texas that we can put with an offer, that requires the seller's signature that he has seen the offer. Surprisingly, only about 25% of realtors know about it. I rarely have used it - only for cases such as these when I suspected something odd. Ask your realtor if your state has such a form, make the offer and see what happens.
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Old 01-27-2011, 12:30 AM
 
Location: Columbia, SC
7,565 posts, read 13,488,940 times
Reputation: 4285
Quote:
Originally Posted by Rakin View Post
I would not question the other agent as much as I'd question the skills, ability & knowledge of your agent. The goal of any listing agent is to get it sold, not reject willing & able buyers.

He could have some type of exclusive agreement with the seller but if so putting the house in the MLS for all to see would be against their goals.
Yeah, that was my thought exactly. Your agent sounds pretty ridiculous with that claim. Perhaps you could ask him why he feels that way but I'd think any agent would jump at any chance to sell a 900k home any way they could.
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Old 01-27-2011, 12:31 AM
 
Location: Columbia, SC
7,565 posts, read 13,488,940 times
Reputation: 4285
Quote:
Originally Posted by Silverfall View Post
Because some real estate companies offer their agents a higher split if the transaction stays in house on both sides. By presenting only offers from her office, she gets more money.
I've heard of this on the buyer agent side getting a higher split, but I've never heard of a listing agent getting a higher split. Has anyone else?
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Old 01-27-2011, 10:00 AM
 
Location: Salem, OR
12,114 posts, read 23,662,477 times
Reputation: 8486
Quote:
Originally Posted by Brandon Hoffman View Post
I've heard of this on the buyer agent side getting a higher split, but I've never heard of a listing agent getting a higher split. Has anyone else?

We have one company here that does that, that I am aware of. They offer both sides a higher split if it stays in house. It isn't common by any means, considering we have 550 brokerages in my area.
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Old 01-27-2011, 10:14 AM
 
Location: Columbia, SC
7,565 posts, read 13,488,940 times
Reputation: 4285
Quote:
Originally Posted by Silverfall View Post
We have one company here that does that, that I am aware of. They offer both sides a higher split if it stays in house. It isn't common by any means, considering we have 550 brokerages in my area.
Interesting. We're around 350-400 companies and that's the first I've heard of anything like it. Seems silly to pay a list agent more to keep it in house, and a little questionable IMO, sort of like the old snake oil salesmen.
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Old 01-27-2011, 12:45 PM
 
Location: Salem, OR
12,114 posts, read 23,662,477 times
Reputation: 8486
Quote:
Originally Posted by Brandon Hoffman View Post
sort of like the old snake oil salesmen.
and that sums up most of the agents in that office, IMO.
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Old 01-28-2011, 01:34 PM
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,575 posts, read 14,284,665 times
Reputation: 5607
Quote:
Originally Posted by Silverfall View Post
We have one company here that does that, that I am aware of. They offer both sides a higher split if it stays in house. It isn't common by any means, considering we have 550 brokerages in my area.
My agents get a higher split on any transaction that stays in house.

Our MLS rules say that the selling agent can be present when the offer is presented to the seller by the listing agent. Even if it's calling the seller to inform him of the existence of the offer.
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Old 01-28-2011, 01:39 PM
Status: "I help nice folks find a home to love" (set 1 day ago)
 
Location: South Metro Denver for 26 years
9,410 posts, read 22,757,785 times
Reputation: 5341
Around my parts if the Brokerage double ends the deal they usually split the commission 50-50 instead of the 60-40 coop fee.

Or they take only one transaction fee.
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