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Middle Island, NY
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In United States
Registered Jan 31, 2012
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YMD's most recent comments:
- On 2 Mar 2012
in
Sneaky agent trying to be my buyer's agent,
YMD said:
One reason I wanted to go without a "buyer's" agent is to get the seller's agent work to make the deal so that she can get "double" the commission. But, because of this lady trying to sneak in as my "buyer's agent", I guess I have created bad blood and possibly caused my offer not presented well. The seller has refused to counter my offer. This same sneaky agent gave me the news. When I asked to give me their comps so I can see if they are reasonable and possibly up my offer, she said as I have not hired her it is up to me to put in another offer or not. When I insisted that she send me the comps she sent comps over a year old and none of them are the similar style as the house I am interested in. (I am interested in a Farm ranch while all her comps were colonials). I had used recent sales of 2 Farm ranches which she had not considered at all. I had explained my offer in a letter to the seller. I am now doubting if it was presented to the seller. I have written to the listing agent to send me proper comps and not involve this lady in this transaction if I were to go forward with this house. Depending on the listing agent's response, I might contact the seller directly.
iwog says
They try this on me all the time, but I doubt it's ever with the knowledge and consent of the listing agent. It's probably an office rule that encourages the split.
That being said, I've never seen a situation when dealing directly with the listing agent where he/she didn't salivate with anticipation over double-dipping on the fees.
- On 1 Mar 2012
in
Sneaky agent trying to be my buyer's agent,
YMD said:
PockyClipsNow, Thanks for explaining how the commissions work. I looked up and found that the agent under whose name the listing is is "Licensed Broker Associate" while her "assistant/helper" who tried to be my buyer's agent is a "Licensed Real Estate Salesperson". So, according to what I understand from your explanation the listing agent gets 3 parts and the "assistant/helper" gets one part. Have I understood correctly? I have no issue if the listing agent, in this case the Broker, gets 'all 4 commissions'.
But, I am not at all comfortable that someone is trying sneakily to be my "buyer's agent" when I have not chosen her. From whatever I have dealt with her till now, I feel she is a lousy agent and I would never "hire" her. The main reason why I avoid a buyer's agent is they are simply another bottleneck in the whole process. I am comfortable to do all the negotiating, getting a mortgage, inspections, attorney and all that is needed to do to get the deal done. I just don't want someone else do this for me when I can easily do them myself. Of course, if the negotiations come to a crunch, then the selling broker would be more willing to contribute to close the deal if she does not have to split any of the commission with others. - On 1 Mar 2012
in
Sneaky agent trying to be my buyer's agent,
YMD said:
Thanks joshuatrio for your advice. I will call the listing agent and insist that I will deal only with her and tell her I am walking away if she sends someone else to do the deal.
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