Perhaps everyone has experienced this once: I have a friend who just bought a house from another Realtor who they did not know!!
Our friends may know that we are Realtors, but they are very unfamiliar with how the process works-- maybe its too complicated, although I offer no solution.
In my situation, my friend believed that he was buying a house without having to pay a Realtor. The reality is that the listing agent got the call, referred him to a lender, and helped him prepare an offer! This agent is going to take both sides of the commission no doubt! But in my friend's head, he never contacted anyone to represent him and was not seeing any commission money coming out of his pocket so he thought he was saving money.
It makes me sick to my stomach for the both of us! He could have been properly represented and I could have been paid for it.
What can I do?
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