and live off commission ONLY. That is hard to do, hard to manage your
money, hard to pay expenses when a listing does not sell or a buyer
with whom you've worked for 6 months suddenly walks away or cannot
I am going to assume your Realtor is charging you a commission of 1.5%
and giving 3% - 6% to the buyers' agent. If you have signed an agreement
with your Realtor to purchase your next home from him/her, and the
commission on the buy side will be enough to cover his expenses AND
make some profit, then he/she may feel it necessary to do. And is probably hoping all goes well. But remember, if your home does not sell, your Realtor is working for nothing. I don't know anyone who can afford to work for nothing. Or rather, pay to work actually, instead of get paid. After all, listing a home, paying for signs and handling calls and appointments takes a lot of time that can't be spent elsewhere.
Do other Realtors blacklist someone who is willing to risk what little financial security there is in our business because of this? No.
Agents cannot create a "blacklist" of companies or individuals that a group or company won't do business with. An individual however will do what they feel is in their interest. So, if an official Blacklist exists this would be a serious violation of the rules and likely the law. But if John or Mary agent choose to omit agent Tom's listings from their recommendations it would be difficult to prove.
For what it's worth, listing a home with a commission amount that makes you less competitive is rarely a good strategy. You and your agent are free to set whatever terms you choose, but you should be aware that this strategy may cost you time which will translate into money if you sit on the market for too long.
Agents are people with bills and families too. If two homes would equally meet their buyerâ€™s needs and one offers a more substantial commission than the other, chances are good it will sell first. Wouldnâ€™t you do the same thing if you were in the agents position?
I ended up listing someone's home (and selling it) that had a Realtor before me that had offered basically the same package deal. But their marketing, followup, etc was not the same. Even though a Realtor has the fiduciary duty to service the client, it might influence them if they were getting paid more to do so. Especially if they have any other listings that are paying more. Should it be like that? No. But does it happen? Yes.
The only time I worry about showing a listing is if it is a brokerage that the seller only paid a flat fee just to get the home listed in the BLC. Because then you have the chance of technically doing double duty to make sure the deal ends up closing. But if my client wanted to see the home, I would not and should not tell them no based on my own personal gain or lack of gain.
My recommendation is to always talk to at least 2 and preferably 3 realtors. Make sure that they understand your objectives and then ask them for the specifics of how they will meet your needs.
Then make your decision based on who you think will give you the best chance of getting to where you want to go.
Whenever you sign a contract with a realtor (Buying or Selling), I suggest you ask your him or her to include a statement that gives you the right to cancel the agreement if you are not satisfied with the service. The good ones will have no problem with this clause.
I don't know the specifics of your area but that sounds like little incentive for the buyer's agent.