Interesting article on Inman News today. A Listing Agent, Jeff Sibbach, wonders out loud if in a situation like the one he describes .... is the buyer's agent "worth" the commission split they are collecting?
I can say I have seen quite a few listing agents that I didn't think "earned" the commission they collected .. yes.. those are the ones taking property photos with their cell phones ... among other less-than-optimum marketing practices.
But, he makes the point that since "the internet" (et al) is becoming significantly efficient in helping buyers locate properties -- which was once the nearly exclusive purview of the buyer's agent --- and buyers ARE increasingly doing this themselves..... that perhaps a full commission split is no longer equitable?
"So has the buyer’s agent role changed? Is it fair that buyers are doing the work that the buyer’s agents are getting paid? We believe our industry is about to change."
Here is the complete link in case you need to paste it into your browser: http://www.inman.com/2016/05/02/buyers-agent-what-does-that-even-mean/
Source: Inman News; May 2, 2016
Thanks for Stopping By,
Judith , The SMARTePLAN Lady
I agree; I always recommend a buyer utilize a buyer's agent as I think it is in their best interest. His issue seems to be leaning towards perhaps it is time to adjust the traditional percentage"split" btwn listing/buyer's agents, and I'm gathering that you don't really see the need to do that? Thanks for stopping by.