Fellow Realtor Jeff Duffy always has an interesting comment about current events and isn't afraid of controversy. One of his latest real estate observations about agents, and how they get paid, makes a very good point:
"Listing Agent - represents
seller's best interests, pricing the property correctly for quick sale while
negotiating the highest sales price for the seller."
"Buyer's Agent - represents
buyer's best interests, finding the right home for the buyer and helping them
negotiate the lowest price for the home."
"After reading
these descriptions, which agent do you think the seller should ask to reduce
their commission? Since the buyer is working against the seller's best interests
you would think the seller would be more likely to reduce their commission but
yet this is not the case. (This is why I love bringing buyers to FSBO's. They
have no idea we are taking them to the cleaners. I am representing my buyers yet
the sellers are so happy I brought a buyer they start yakking and spill all the
beans and they pay me just as any other seller would but without the
professional representation. I win, my client wins, seller loses but has no
idea.) But I digress."
"So who works harder in your opinion? If one or the other
doesn't deserve a full commission how much are they worth?"
Jeff invites readers to " Bring it. I can handle it."
Feb 7, 2008
Who's Your Agent?
Labels: agents, buyers, Dallas, North Dallas, real estate, Realtors, sellers
Subscribe to:
Post Comments (Atom)
1 comment:
Noone's "brought it".
P.S. Last name = Duff-e-y. :)
Post a Comment