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Eileen Musser, Realtor, EcoAssociate, Epro

"York and Lancaster Eileen knows GREEN"
Experience:
Realtor Associate for Gateway Realty, Inc. March 1998—present
When I was invited to join Gateway by "the great one', Jeannie Ritter, I decided to take…
Medical Technologist for MS Labs August 1981—April 1997
This company that I owned and operated provided local medical laboratory services to Gap…
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Specialties:
Building Green, assisting in evaluating energy efficiency of new and resale homes, connecting buyers and sellers with mitigation experts and inspectors, ... show more
Certifications
& Awards:
EcoBroker-
with special training and certification in healthy, economical operation of energy efficient homes
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Interests:
Family, friends and church activities are my real life! Real estate, contrary ... show more
About:
Shopping for a Realtor who has first hand experience in building GREEN? Call Eileen Musser! As one of the first EcoBrokers in York and Lancaster, Pennsylvania, ... show more

Do higher commissioned houses get more attention?

Eileen Musser, Realtor, EcoAssociate, Epro answered:
Barbara, you have seen answers here that just about cover the scope of thought about this issue.

Here is just another little twist. I recently saw a listing on the MLS here that was offering a 1% commission. Sorry, I don't work for 1%! I showed the listing to the buyer and referred them back to the agency agreement they had signed. It says that my broker will accept the commission offered by the broker for the seller as long as it meets a certain minimum. The buyer is responsible to make up the difference, so in effect the commission becomes a part of the price that the buyer has to pay to purchase the home. When the buyer added the commission to the asking price of the home they decided that the home was overpriced and decided not to visit. (It is illegal for brokers to work together to SET a commission for the area, but is is NOT illegal for a Broker have a minimum commission policy for his office.)
Of course another solution would have been for the buyer to subtract the commission from the price they offered for the home.

The point is that homes on the MLS are priced with the commission included. If a home is being sold with a low commission, then it is worth less than the home next door, just as it would be worth less if it were lacking some other feature.

Yes? - Tue Sep 1 2009, 08:13

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