Purchasing a home is more than a paper trail. There is emotion involved on both the seller and the buyer end. Agents wear many hats during a transaction and many times buyers and sellers do not want to even talk because of personal issues. The agent representing the buyer or the seller must have knowledge of needs and resources to help the transaction flow smoothly The agent must go above and beyond just finding a home ;to service the parties to the transaction; from the beginning to the close. Writing a contract takes 30 min maximun time. It is all the " how can I help you "and providing resources to both buyer and seller that makes a happy close . Buying a home is emotional and a computer will never change that handshake and comfort level with a caring and helpful agent. - Thu Sep 27 2007, 16:02
You should pay redfin the same amount as you would a secretary. And, what about the 75% rebate ? Is that legal-who pays the taxes on that ? Maybe we could just eliminate all jobs and go to gov. sevices.
Regards, An agent. who loves her job. - Thu Sep 27 2007, 12:38
The buyers amd the seller determine the sale price. The market determines the price range your house may sell. The comps reveal what the seller was willing to accept and the buyer was willing to pay. - Mon Sep 24 2007, 20:08
Hi Chris, Did you have a buyers' agency with thw first agent? If so what were the terms of that contract? What led you to another agent? You should have contacted the first agent and mutually agreed not to consumate any realestate transactions with that agent, in other words mutually agree to cancel the buyers agency contract and inform her that you wish to purchase a home whether she showed it ot not through another agent for whatever the reason was. If she agreed to that cancellation of contract with you in writing she is not owed a commission. Most agents will not even show a property to a buyer who has seen it with another agent to avoid problems. If the contract was not disolved, and another agent shows a home to you, writes an offer that is accepted then she should give some mutually agreed compensation to the first agent. However, if the second agent does not know the first agent existed then the first agent ( if she wrote an offer) could be considered procurring cause and demand and possibly receive a commission.
The answer to your question is quite simple: be fair to all agents and if you have an agreement with one agent cancel it before proceeding to the second agent. - Fri Aug 31 2007, 12:59
I am curious, what do you charge per hr.? - Wed Aug 22 2007, 14:14
After reading some of the posts ,I am really confused. If the seller lowers the price of the home, it is decision. It is obviously to get an offer, not to lower the commision paid out. We, as agents continue our agreement to market the property and provide the services agreed with our client. - Tue Aug 21 2007, 21:07
If the client cannot afford the market value of the home, he should not buy it. Our commission is determined when we have the listing agreement signed. After that, the amount of the commission paid out comes from the listing office. If you want to work for your client and establish an amount that he wants you to get paid, that is up to the buyers agent to try to work out.The amount that the seller agreed to pay the listing office remains the same unless there is another agreement reached. Why complicate the complicated system??? - Tue Aug 21 2007, 20:47
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