Special offer

You show the listing and split the fee w me!

By
Real Estate Agent with 24/7 Realty Inc.

Yes, today while checking on a firesale reo listing a young woman pulled up and asked if i was, her client.  Told her no I was the listing broker, she is on the phone and and asks me to take the call from her broker who explains that she was unble to meet investors and asked this new agent to meet the investors but because the new agent had college exams though asked if I could show the listing and ended it with and we'll still split the fee okay.  NOT! Her agent left rather quickly, and I followed.  I'm not in the business of doing all the work and making half. Not to mention the disclosure paperwork etc.  Things happen but please!

I would like to poll this question.  How many of you would do this and split the fee?

 

Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
Just because they don't show the property does not mean they were not the procuring cause of the sale.  This is very unprofessional on behalf of the other broker and like you said it could cause them to get cut out of the commission.  However the NAR Code of Ethics does not permit you to unilaterally cut them out on your own.  There are specific stipulations to be followed.  I have been to a few commission arbitration hearings in my time.  Always between buyer agents disputing who gets paid the buyer side of the commission.
Oct 30, 2007 12:44 PM
Lanette Branch
Taylor Properties - Bel Air, MD
Bel Air, MD Real Estate Agent
If the investor was there (or soon to be there) and I was still there at the property, I would allow the investor access to the property and split the fee.  I'd stand outside while the investor went through.  I'd do whatever I could to get the home shown and ultimately sold.  It is a trip that a buyer's agent would request this of you but I've encountered scenarios like this one more than a few times.
Oct 30, 2007 12:50 PM
Jeffrey Dolfinger
24/7 Realty Inc. - Poughkeepsie, NY
NRBA Member
That's why I left. That way I'm not cutting anyone out.  People just need to do "their" jobs.  There is nothing worse than a highend broker sending clients to the hood to meet some newby.  Totally uncool.  Real Estate is Real Estate from the Hood to Hollywood.  It's all green!
Oct 30, 2007 12:53 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Unbelievable, nothing ceases to amaze me with some of the unprofessional agents and brokers in real estate. I would have wanted to know if there was a Broker Relationship Disclosure signed. If not perhaps you as the professional might have made a new friend. Many investors, at least in Florida work with more than one agent, searching in different area's of course, or you may have gotten a future referral from a friend for showing your ethics as a professional agent.

In the same situation, I'm not sure what I would have done, however, I usually try and help people, after all you would have made 50% for showing a property, they would have done the work.  I would have, however, had him send me that agreement via email to my blackberry...

Oct 30, 2007 01:04 PM
Jeffrey Dolfinger
24/7 Realty Inc. - Poughkeepsie, NY
NRBA Member
I could have stayed but I know the prospective buyer and he plays hardball over a dime, plus I had 3 offers on the place this week alone so I wasn't so motivated. 
Oct 30, 2007 02:11 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Gotcha...makes sense to me now! I would have felt the same as you did then...

 

 

 

Oct 30, 2007 02:20 PM
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,
I think I would have asked if they have a signed Buyer's agreement with the investor, and if the answer was no I would have told them I would be happy to show, and if the person BOUGHT the listing I would pay a referral fee.
Oct 31, 2007 05:37 AM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Leslie, that's where I was going to go as well up on my previous post...glad you said it!  I agree with you!

 

Oct 31, 2007 07:25 AM
Dave Thomas
The K Company Realty, LLC - Pompano Beach, FL

If I was already there, I may have let the prospect into the property and let the buyers broker write the offer if there was one. Unless there is bad faith from prior deals, A professional courtesy is always a good road for me. Let the buyer play hardball and win or loose on their own.

Nov 23, 2007 12:05 AM
Chad Baird
Re/Max Spirit - Dayton, OH
MAybe.  You were the listing agent so you get all that side for yourself.  You were there at the property anyways, so show it.  Then if a contract developed you would get half of the sales side comission also?  Even if you did not get half of the sales side, the duty to the seller, you should have shown the property to an interested buyer.  Knowing that they have an agent, I would have explained that I will open the door but I can not answer any questions.  All questions need to be directed to your agent. 
Nov 23, 2007 04:42 AM
Andy Werner, Jr.
RE/MAX Realty Group - Gaithersburg, MD
Real Estate, Gaithersburg, MD,

Happening all the time here, REOs and regular MLS listings. In addition, many agents are calling to ask whether the sellers will take a ridiculously reduced price. The epitome of laziness. I make them write the offer, then have the seller reject it, or counter it. I'm not doing their job for them.

Of course, there are extenuating circumstances when showing a property for another agent makes sense, but not when they're just lazy or not doing their job.

Just my 2 cents.

Nov 23, 2007 05:07 AM