If a counter was made by the seller is it my decision or the realtors to counter back?

Asked by M Jo Jo, 62221 Sun Mar 27, 2011

This offer is coming out of our agents bonus

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17
John Walin, Agent, Libertyville, IL
Mon Mar 28, 2011
Seller retracted defined commission and bonus from the SCI field in the agent full description. Listing agent should be held responsible for the bonus waived by the seller in their counter offer to the buyer. Buyer agent should take listing agent to arbitration and probably win back the bonus that the seller gave away.
1 vote
John Walin, Agent, Libertyville, IL
Mon Mar 28, 2011
Joan is right... this is 1/3 of the e question. read Jo Jo's other 3 questions before responding to this question for proper context.
1 vote
Kristin Blan…, Agent, Land O Lakes, FL
Wed Apr 11, 2012
It is always your decision to counter offer. It is important to know that once you make a counter offer, the potential buyer is no longer under any contract to purchase your house and can walk away.
0 votes
Marge Haworth, Agent, wood River, IL
Thu Mar 8, 2012
yours. To counter or not counter . You can sign it off or ignore.
0 votes
James Li, Both Buyer And Seller, Norfolk, VA
Thu Mar 8, 2012
it's always your decision to make. The realtors are there to guild you.
0 votes
Marion Thack…, Agent, Winter Park, FL
Mon Mar 28, 2011
It is your decision and your decision only! However it seems everybody is referring to different parts of your question here. I suggest you repost your question but give the entire story first as to not get misleading info based on just part of the puzzle.
0 votes
Paul Walker, Agent, OFallon, IL
Sun Mar 27, 2011
As Realtors we cannot make a decision for a client. It has to be the clients decision. We can only act at the direction of our clients and do what we are told as long as it is legal and ethical. We can tell the client our thoughts and if we believe another offer is on it's way that we think they may want to see, but we have to be very careful to let them know that offer may not come, and this is the offer we have right now to deal with. We can show them how much they would "net" from the sale, or if a buyer what it would cost based on the loan type, etc on an apprx monthly payment and certainly refer them back to their loan officer. Our job is to bring both buyer and sellers together, but if they refuse to come to terms we cannot force them, even though it may cost them a sale or cost more later on by not accepting this offer. We can lead our clients to "water", but we cannot make them "drink"
0 votes
Laura Ibanez, Agent, Fairfax, VA
Sun Mar 27, 2011
The decision to accept, reject or counter the Seller's counter, is always yours. An agent can represent you in the deal as a sub-agent of the Seller or as your Buyer's Agent. If you have signed a Buyer's Agreement with the agent prior to the written offer, he/she is representing you and must follow your instructions. If you did not sign an agreement with your agent, then the agent is a sub-agent of the Seller. Every agent strives to reach a win-win situation for all the parties in the deal and it is usually best to listen to the agent's professional advise on how to handle the Seller's counter.
0 votes
David Tansey, Agent, Houston, TX
Sun Mar 27, 2011
If you don't feel like they are acting in your best interests. You should contact their supervising broker. If they are the broker you could contact your local realtor association.
0 votes
Kathy Shemwe…, Agent, Edwardsville, IL
Sun Mar 27, 2011
Your realtor is there to represent YOUR requests/desires/position etc. The decisions are ultimately your decisions. Without knowing all of the facts it's hard to know if it was an unfortunate misunderstanding or a blatent case of misrepresentation... Was the seller a bank? Is the house in question a foreclosure or a short sale? Those can be tricky... Good luck to you! Tell your agent to provide written documention of all that has transpired... I'm in Collinsville, not too far away if you'd like to contact me... Perhaps I can at least provide some clarification.
0 votes
Laura Coffey, Agent, Santa Clarita, CA
Sun Mar 27, 2011
All transactions are between a buyer and a seller. The Realtors are there to guide, advise, educate, and protect you.
0 votes
Joan Braunsc…, , Morris County, NJ
Sun Mar 27, 2011
M Jo Jo,

Just a suggestion: rather than posting a bunch of separate questions regarding the same situation, you would be better off sticking to one thread and posting other questions on that same thread.
0 votes
April Crowder, Agent, Charlotte, NC
Sun Mar 27, 2011
I just answered your other question and saw this one. It is your decision and only your decision as to what the agent counters back. It is unethical of the agent to do otherwise.
0 votes
Don Tepper, Agent, Burke, VA
Sun Mar 27, 2011
It's your decision. Your Realtor is only your agent--representing you. You decide; your agent acts.

As for the offer coming out of your agent's bonus--that part's unclear. But if your agreement with your agent provides something like that, then that's the way it is.

Bottom line: Your decision.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sun Mar 27, 2011
If the seller makes a counter offer, you decide--move forward and accept, or not......
0 votes
Joan Braunsc…, , Morris County, NJ
Sun Mar 27, 2011
Say What?!

Why would it ever be an agent's decision to counter????

Also, I don't understand what you mean by the offer coming out of the agent's bonus.
0 votes
David Tansey, Agent, Houston, TX
Sun Mar 27, 2011
Your realtor is your employee.
0 votes
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