Are Selling Agents Representing Their Clients or Are They Getting Greedy?
I have been noticing a trend lately that really disturbs me.
In the agent comments there have been some comments made that seem like a "poison pill" The listing agent requires the selling office agent to be present at all showings including inspections, appraisals etc. otherwise a 25% referral fee will be paid. This makes me think the listing agent is either greedy or difficult to work with.
I understand that listing agents do not want to open up the house if someone calls and asks to show it and they say they have a real estate agent. I know that sometimes agents get lazy and will really put a lot of the responsibility on the other agent (this works both ways you know). I know that some of the discount companies that will refund part of the buyers commission to the buyer after the transaction is completed have been sending out buyers without an agent and this puts the listing agent on the spot to show the house but not to say anything to the prospective buyers.
Yet by doing this is that you are telling prospective buyers agents that you are difficult to work with. With the volume of listings on the market is it not in your clients best interest to make the home as appealing to both buyers AND agents? By making statements in the multiple listing service that discourage agents to show the house how does that benefit the seller?
I have noticed this with numerous listings in my market with a number of them being listed with a specific company. While by no means is this limited to one company there are many of these listings that are adding more and more restrictions on the commission paid to the buyers agent. Some of these listings are short sales as well. Given the financial challenges the sellers have already how is this policy helping them sell their home in a timely manner?
If you're a listing agent in any market and you require buyers agents to be present at all showings etc. I would really like to hear from you. Why do you make the requirement? Am I missing something?
I know on the homes I have listed I do everything I can to make the house as easy to show as possible. Including being there if needed for an inspection or an appraisal. After all my clients want the house sold. They don't care if I have to be there a few hours more than I might like to do the buyers agents job. They care that the house is sold.
Contact Scott Cowan, Rainier Real Estate. Licensed real estate salesperson in Washington at 253-219-1194 to list your property for sale or purchase a home in Tacoma, Gig Harbor, Puyallup, and the rest of Pierce County Washington.
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Copyright © 2008 By Scott Cowan, "Are Selling Agents Representing Their Clients or Are They Getting Greedy?"All Rights Reserved.
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