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SOLD - Who Deserves the Credit?

By
Real Estate Agent with Inactive

Typically, the agent who represents the Buyer gets credit for Selling the property

Buyers Agents generally

  1. Ensure that Buyer's are financially qualified to buy a property,
  2. Suggest sources of financing,
  3. Assist Buyers in choosing properties that meet their criteria in communities where they want to live
  4. Explain contracts, supporting documentation, and forms used in the transaction,
  5. Complete a CMA
  6. Negotiate the best price and terms for the Buyer,
  7. Assist the Buyer in making reasonable compromises,
  8. Suggest licensed inspectors, surveyors, geologists, contractors, and insurance agents,
  9. Monitor contingencies to ensure that they are satisfied and released in a timely manner.
  10. Attend COE as required

Listing Agents develop a marketing plan that includes entering the listing on the internet where >85% of Buyers first see the property they buy. This includes:

  1. MLS,
  2. Brokerage web site,
  3. Listing Agents web site,
  4. Web sites that they subscribe to or buy advertising on as well as,
  5. Syndicated web sites,
  6. Setting up realtor tours, and
  7. Contacting other agents in their network and/or who work their area to communicate  the value of their listing to agents who will show their listing,
  8. Showing the property to Buyers Agents and their clients when required,
  9. Complete an initial CMA and supplemental CMAs as required,
  10. Negotiate the best price and terms for the Seller,
  11. Assist the Seller in making reasonable compromises,
  12. Suggest Escrow Companies and open escrow
  13. Monitor contingencies to ensure that they are satisfied and released in a timely manner,
  14. Attend COE as required.

 

Since both agents worked on behalf of their clients toward achieving a mutually agreed upon goal, I prefer to say that we did it together.

 

Posted by

George Bennett, Principal Broker, Affiliated, GRI in Port Orford, OR 97465

Affiliated with 'Neath The Wind Realty Inc.

Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

Its almost like choosing which parent is responsible for the making of a child.  Couldnt have happened without both parties, lol.

Dec 26, 2008 05:33 PM
George Bennett
Inactive - Port Orford, OR
Inactive Principal Broker, GRI

Good analogy. Thanks for the laugh.

Dec 26, 2008 11:33 PM