U.S. CitiesCity-Data Forum Index
Happy Halloween!
Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 01-26-2011, 09:44 PM
 
Location: New York
158 posts, read 241,255 times
Reputation: 152
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.
Reply With Quote Quick reply to this message

 
Old 01-26-2011, 09:57 PM
 
Location: The Greater Houston Metro Area
7,207 posts, read 7,641,130 times
Reputation: 8457
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.
Reply With Quote Quick reply to this message
 
Old 01-26-2011, 11:30 PM
 
Location: Columbia, SC
6,977 posts, read 10,808,748 times
Reputation: 3524
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.
Reply With Quote Quick reply to this message
 
Old 01-26-2011, 11:31 PM
 
Location: Columbia, SC
6,977 posts, read 10,808,748 times
Reputation: 3524
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?
Reply With Quote Quick reply to this message
 
Old 01-27-2011, 09:00 AM
 
Location: Salem, OR
10,855 posts, read 18,169,001 times
Reputation: 6733
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.
Reply With Quote Quick reply to this message
 
Old 01-27-2011, 09:14 AM
 
Location: Columbia, SC
6,977 posts, read 10,808,748 times
Reputation: 3524
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.
Reply With Quote Quick reply to this message
 
Old 01-27-2011, 11:45 AM
 
Location: Salem, OR
10,855 posts, read 18,169,001 times
Reputation: 6733
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.
Reply With Quote Quick reply to this message
 
Old 01-28-2011, 12:34 PM
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,050 posts, read 11,173,751 times
Reputation: 4768
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.
Reply With Quote Quick reply to this message
 
Old 01-28-2011, 12:39 PM
 
Location: South Metro Denver for 25 years
8,591 posts, read 18,765,334 times
Reputation: 4316
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top