real estate investors: The Buyers Agent Who Doesn't Want His Commission...
- 08/28/14 01:16 AM
It's a new trend, and it makes a lot of creepy, but wise sense. The buyer's agent who doesn't want his commission. He'll represent himself and stipulate that the listing agent keep every penny. All six percent (or whatever the listing agreement says.)
But why?
The buyer in this situation is an investor. The concept became popular when the sellers market was at its lowest (locally) in 2011. Investment companies use the (we don't want a commission) angle in hopes to shake the listing agents loyalty and fiduciary responsibility. In other words, the listing agent will double their commission if they can
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