I just got an email from a local broker offering a "$10,000 bonus" to a buyer agent who brings in an acceptable offer on a $230,000 property here in the Ann Arbor area.
Remember under the REALTOR Code of Ethics a buyer agent doesn't need to disclose that "bonus" to the buyer.
I think this is shameful.
And I also think it makes it very clear that the REALTOR organization is still seller based and seller biased.
As a Exclusive Buyer Agent our national association published a report last year that discusses this and a number of other challenges buyers are facing these days. You can download the report free from the association website here: http://naeba.org/challenges/
Our National Association of Exclusive Buyer Agents Code of Ethics requires all "bonuses" or "bribes" must be disclosed to the buyer. That is the way it should be.
Helping Home Buyers Locate, Evaluate, and Negotiate great home deals!
Jon Boyd, Broker/Manager
The Home Buyer's Agent of Ann Arbor, Inc.
http://buyersagentannarbor.com/
734-6620-6240
1908 W. Stadium Blvd.
Ann Arbor, MI 48103
Ann Arbor's Most experienced Exclusive Buyer's Brokerage!
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