I would love to Not Show my buyer those low commission listings. And yes putting those listings in the round file or on the bottom of the pile (if possible), but is that fair to the buyer? I mean that could be the home of their dreams and I do not want to ever put my problems ahead of the buyer's need for a home.
I think this is more serious than than and I feel that there should be some rule that states that the buyer's commission cannot go below a certain margin in comparison to what the listing agent is getting on a short sale.
Somewhere along the time.... Short Sale Listing Agents have lost their way. The economy situation and greed is getting in the way of real estate ethics.
Shoot I listed one of my short sales at 2.5% to the buyer's agent and I felt so darn bad about it... but I felt I was not being smart to NOT do that since all the other agents are going down, down, down on that split. (I have only listed one that way) -- all others are 3% for Listing agent and 3% for buyer's agent. It seems that 3.5 and 2.5% is the norm around this area and while I do not agree with it... I can't keep being the only fool left that is trying to be fair.
I probably will not do it again, but I just had to do it because everyone else is doing it. It is not a good feel for me.
The other day I saw one that is a 2% split. That is redicious. And then agents wonder why the property is still on the market!!!
I wonder if the homeowners really know that this can stop someone from getting the opportunity to view that property? I just wonder.