Agent2Agent in San Antonio>Question Details

Bill Barkley, Real Estate Pro in San Antonio, TX

Should offering a minimal % of the listing commission to the Tenents Agent be considered a breech in fiduciary duty to property owner?

Asked by Bill Barkley, San Antonio, TX Fri Jul 11, 2014

I have noticed similar situations all across San Antonio as well as Realtors not wanting to show rentals due to low income earning potential. This apprears to be a disservice to the Landlord. I am curious what other Realtors think, and how this situation can be improved.

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4
If I have a client who want's to look at a rental, no big deal, I just do it. Usually the commission is low, but these clients may be buyers some day.
1 vote Thank Flag Link Sat Jul 12, 2014
I don't believe the situation can be improved for rentals nor sales. If the listing agent intends to manipulate the listing how will you determine? I see sales in the markets I farm ALL the time that could have sold for A LOT more. At the end, it is only a matter of principles, can't change the world.
1 vote Thank Flag Link Sat Jul 12, 2014
I have seen listings like this and it seems that the listing agent is offering a low commission to tenant's agents because they just want to have the listing in the MLS for distribution.

It could be a breach of fiduciary duty as the listing agent will have access to a smaller pool of potential tenants and they are making more work for themselves as they will have to screen all interested parties.
1 vote Thank Flag Link Fri Jul 11, 2014
This is a business, not a hobby.
If either the listing or buying side are not being compensated adequately, the wheels tend to come off the wagon.

If one party is defering compensation to the other,,,that is a clue.

Moral: you get what you pay for.....and in your case...what is not being paid for.
2 votes Thank Flag Link Fri Jul 11, 2014
Here is Michigan it's normally a 1/2 months rent and Realtors that work with rentals, have no issue showing to tenants. But yes if u r paying less then the normal "you get what u pay for".
Flag Fri Jul 11, 2014
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