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Do You Show FSBO's; Especially Those With 'Mere Postings' on MLS?

By
Real Estate Sales Representative with Apex Results Realty Inc., Brokerage

I was sitting across from my sister-in-law (also a realtor) when her sister told her that her friend would like to see the house on her street that was for sale privately with a FSBO marketing company sign on the lawn.  My sister-in-law's response was 'no way, I don't show privates, especially if they are with one of 'those' companies. cake I questioned her on it, saying most of them will cooperate with agents, and if you have a Buyer's Agency Agreement with the buyer, what's the problem?  She said she didn't want to do 'all the work' of a listing agent and buying agent for only half the commission.  I shut up then, as I didn't see any point of debating the topic in the milieu of a birthday party (hers, to boot).

Mere postings on MLS, therefore Realtor.com/Realtor.ca are a relatively new phenomonen in our balliwick, and I know that a lot of you have been dealing with this a lot longer than we, so I wondered what your attitude and response might be.

Personally, I used to avoid private sales in the past, because only about one in five would cooperate with agents anyway.  Also, they were usually never priced attractively, and unless my buyers drove by it and loved For sale by owner cartoon from google imagesit from the outside, hardly ever even asked about them.  On the odd occasion that happened, I would call the seller and find out if he would cooperate, and if so, I would run over with an 'Agreement to Pay Commission' to be signed, then show it.  I even sold a few.

With the advent of Buyer Agency I was less inhibited about showing privates, as I made my buyers understand that they were responsible for making up any difference if the seller refused to pay a buying agents commission.  With the changes that allow FSBO 'marketing' firms to post listings on the MLS site (through a cooperating Realtor), buyers now see these listings on Realtor.ca and if they are relavent may want to view them.  Protected by my Buyer Agency agreement, and the fact that more and more private sellers are advised to cooperate with agents, I have no problem showing them, and on occasion have gotten full listing/selling commission even.

Anyway, what do you do with FSBO's and 'mere listings'?

Shannon Jones
The Shannon Jones Team - Long Beach, CA
Long Beach CA Real Estate

Ken, personally I will show my clients any listing where I'll get paid to represent them. I don't like having to do more work for less money, but it's part of the gig.

Aug 01, 2011 04:56 AM
Ken Anderson
Apex Results Realty Inc., Brokerage - Burlington, ON
Broker in Burlington, Ontario

Thanks, Valerie and Shannon. Well that's my attitude as well.  You folks seem to have a lot more to do after the offer is accepted than we do, so even more reason to show privates.  I guess I've been lucky in that I haven't often gotten less from the private than from another listing with a listing agent.  And with nominally more work, but usually without competition.  What I wonder though, since this is relatively new with marketing companies being able to post 'mere listings' on MLS, if FSBO's will now proliferate, along with more 'FSBO marketing companies'? 

Aug 01, 2011 12:40 PM