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West Palm Beach - Boca Raton - Boynton Beach Palm Beach County
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Old 07-17-2009, 08:10 AM
Location: Palm Beach County
1,683 posts, read 3,681,959 times
Reputation: 610


Well for realtors its just like after you get your hair cut they give you a card or their name and say come back and see me. Its a repeat/referral base business and they want you to work with them. They also don't want to work with you for three days and then find out you asked another realtor to show you something and went through them. It would be like if you worked on a project at work for awhile and then someone else got paid for your work. They are basically asking if you are loyal to one realtor (which unfortunately not many people are...)
As far as having extra negotiating room this is a common misconception people have. On a year lease on a rental a commission is usually a month of rent. This commssion is usually split between the listing agent and the buyer/renters agent. Most people think that if they come along on their own or skip their realtor out that they are going to save half the commission, when in reality that the listing side then gets the full commission. So unless you negociate with the listing agent for their commission your not saving much/if anything. Some agents do say they will take less commission if they find the renter/buyer on their own, but not all of them. Your realtor can pull up comps from what was rented/sold in the area recently to give you a good idea of where to negociate from.
Also if you don't have a realtor who is going to draw the agreement up? Are you going to do it on your own, have the listing agent do it, or pay an attorney to it?
I always tell people to feel free to look around on your own, but please give me a call if something looks interesting and I will research it and schedule an appointment.
I hope this kind of answers your question.
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Old 07-18-2009, 06:58 AM
58 posts, read 198,509 times
Reputation: 22
Craigslist.com brought the most inquiries when I was looking to rent my villa, so I'd start there.
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Old 07-18-2009, 12:01 PM
3,047 posts, read 6,562,700 times
Reputation: 2057
Do you have a community or area you want to be in that is more specific? If you have already been to a place when a realtor suggests it then I would just say that and you should not feel bad. I had never worked with a realtor other then when I cam down to FL. The issue I have with the condo I rented through the realtor both times I have been here is that you have to go through them who then asks the owner when a repair needs to be done. Now if you have a realtor who does there job it is one thing but often they don't call right back. See to me I thought that realtors use condo rentals more for a way to get refered to others. So for ex you may rent a condo from them but you may know someone who wants to buy a million dollar home. A lady I know in the same complex as I made a post on craigslist stating what she was looking for and a little bit about herself. That is a thought as well
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