Comments on: Real Estate 101: Do I Have to Use the Listing Agent? http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/ Phoenix Real Estate - Anything & Everything About It. Plus Random Musings... Fri, 10 Feb 2012 03:19:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: estatenigeria http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-87282 estatenigeria Sat, 30 Apr 2011 00:10:20 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-87282 This is a great post and i am sure people in my region needs to learn this. i am an agent in <a href="http://estatenigeria.com" rel="nofollow">West Africa</a> and i have seen a lot of people burn their finger when they go behind to negotiate deals and later come back for damage control. Damage control eventually cost them more. The dynamics of real estate business varies from state to state. This is a great post and i am sure people in my region needs to learn this. i am an agent in West Africa and i have seen a lot of people burn their finger when they go behind to negotiate deals and later come back for damage control.

Damage control eventually cost them more. The dynamics of real estate business varies from state to state.

]]> By: Craig Bosse http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-84865 Craig Bosse Wed, 16 Feb 2011 07:26:10 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-84865 On the flip side we get calls quite often that ask "Are you the listing agent?"..... "No" ....... "Oh well I ONLY work directly with listing agents!".... What they don't realize is sometimes the seller will not even allow it! It raises to many red flags especially if they are an "out of area" seller such as a bank. On the flip side we get calls quite often that ask “Are you the listing agent?”….. “No” ……. “Oh well I ONLY work directly with listing agents!”….

What they don’t realize is sometimes the seller will not even allow it! It raises to many red flags especially if they are an “out of area” seller such as a bank.

]]> By: robert mack http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-84842 robert mack Tue, 15 Feb 2011 20:14:05 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-84842 great post! 60-70% of my business comes from buyers and I have this discussion with them all the time! I'll never take on a new buyer and show them homes before I go over this process in detail. I have lost buyers (many years ago) to exactly what you wrote about, so I've learned from my mistakes and make sure that if anyone is working with me, they understand that I arrange and show the homes they are interested in. It's a crazy world out there, and there are desperate agents who won't hesitate to show your clients homes and take credit for it....its our job to take the time with each of our clients and explain the process to them....we can't assume they know, just because it is second nature to us! thx for sharing... great post! 60-70% of my business comes from buyers and I have this discussion with them all the time! I’ll never take on a new buyer and show them homes before I go over this process in detail. I have lost buyers (many years ago) to exactly what you wrote about, so I’ve learned from my mistakes and make sure that if anyone is working with me, they understand that I arrange and show the homes they are interested in. It’s a crazy world out there, and there are desperate agents who won’t hesitate to show your clients homes and take credit for it….its our job to take the time with each of our clients and explain the process to them….we can’t assume they know, just because it is second nature to us! thx for sharing…

]]> By: Gwen Crocker http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-82695 Gwen Crocker Sat, 04 Dec 2010 23:48:50 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-82695 That was a great post! I agree as a Realtor I know how hard it is to represent both sides basically you become just a transaction broker representing no one. My recent post <a href="http://www.stlmissourirealestate.com/wp-content/gallery/my-slideshow/living-room-fixed-copy.jpg">sf property</a> That was a great post! I agree as a Realtor I know how hard it is to represent both sides basically you become just a transaction broker representing no one.
My recent post sf property

]]> By: Calgary Realtor http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-81747 Calgary Realtor Thu, 14 Oct 2010 16:30:02 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-81747 Thanks for the post. It has been a long time rumor that in Alberta Canada, we will no longer be able to represent both sides. There have just been too many conflicts and law suits over a Realtor representing both the buyer and seller in a real estate transaction. In the past years they have made up a bunch of new forms that basically allows us to represent the buyer, but it also puts them into a "customer" status instead of a client status. So now the agent can represent both sides, but a lawsuit from the buyer would likely crumble quickly. (or so we will see once the new forms have had their chances in the courts to determine) Thanks for the post. It has been a long time rumor that in Alberta Canada, we will no longer be able to represent both sides. There have just been too many conflicts and law suits over a Realtor representing both the buyer and seller in a real estate transaction. In the past years they have made up a bunch of new forms that basically allows us to represent the buyer, but it also puts them into a "customer" status instead of a client status. So now the agent can represent both sides, but a lawsuit from the buyer would likely crumble quickly. (or so we will see once the new forms have had their chances in the courts to determine)

]]> By: letting agents east http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-80262 letting agents east Tue, 31 Aug 2010 15:35:14 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-80262 nice post, in scotland everyone uses a listing agent as its just far too hard to do it alone nice post, in scotland everyone uses a listing agent as its just far too hard to do it alone

]]> By: Chris @ Jacksonville http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-80038 Chris @ Jacksonville Sun, 15 Aug 2010 22:36:11 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-80038 Great information, your post will help home seekers to save some money which they might pay to the listing agent in the form of commission. Great information, your post will help home seekers to save some money which they might pay to the listing agent in the form of commission.

]]> By: Alison Shuman http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-80027 Alison Shuman Sun, 15 Aug 2010 01:56:00 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-80027 Great post, as usual. Lots of mis-information out there in the buyer community. Had one recently that wanted to know if I would "rebate" 1.5 to 2% of the commission back on their purchase. We're not going to be working together to find them a property! Great post, as usual. Lots of mis-information out there in the buyer community. Had one recently that wanted to know if I would "rebate" 1.5 to 2% of the commission back on their purchase. We're not going to be working together to find them a property!

]]> By: Josh Aberson http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-78487 Josh Aberson Tue, 08 Jun 2010 06:16:53 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-78487 It's amazing to me how any of these horrible notions get started. "You'll get a better deal buying straight from the seller, you'll get those commissions back in your purchase price, that agent will have more drive to get the deal done since they're getting paid more." I could go on and on, but hopefully someday people will realize how this buying a house thing should work... It's amazing to me how any of these horrible notions get started. "You'll get a better deal buying straight from the seller, you'll get those commissions back in your purchase price, that agent will have more drive to get the deal done since they're getting paid more." I could go on and on, but hopefully someday people will realize how this buying a house thing should work…

]]> By: Marc Brodeur http://www.phoenixrealestateguy.com/do-i-have-to-use-the-listing-agent-real-estate-101/#comment-78361 Marc Brodeur Mon, 31 May 2010 12:38:26 +0000 http://www.phoenixrealestateguy.com/?p=4446#comment-78361 Great post Jay. Single agent dual agency makes zero sense. How can they represent you as a buyer and the seller at the same time? They can't. A slight conflict of interest.....personally I think its unethical to represent both. Some buyers have the mentality it will save them a bit more by eliminating the buyers agent commission! Of course the sellers agent will tell you they can save you that 2-4% but the seller really has no more room to move. Well, they represent the seller. They can tell you what they like. They do not have a contract with you. And guess what? That sellers agent will still be taking the full commission now instead of splitting it with someone whose sole purpose is to make sure you are taken care of. Great post Jay. Single agent dual agency makes zero sense. How can they represent you as a buyer and the seller at the same time? They can't. A slight conflict of interest…..personally I think its unethical to represent both.

Some buyers have the mentality it will save them a bit more by eliminating the buyers agent commission! Of course the sellers agent will tell you they can save you that 2-4% but the seller really has no more room to move. Well, they represent the seller. They can tell you what they like. They do not have a contract with you. And guess what? That sellers agent will still be taking the full commission now instead of splitting it with someone whose sole purpose is to make sure you are taken care of.

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