Quote:
Originally Posted by margaretmattson
I did not state my so-called "buyers agent" did not receive a commission. I said he did nothing to earn it. All he did was follow me around. He didn't even negotiate the terms. Without him, I would have just contacted the listing agent and finalized the deal with him. Easy, peasy! I did not need a middle man who took it upon himself to state that he was my agent. If I wanted someone representing me, it would be a lawyer or a home inspector.
I owe the agent following me around NOTHING. If the listing agent shares his commission with him, that is a separate deal that I AM NOT a part of.
Therefore, I never had a buyers agent. Just a man following me around waiting to get paid for merely showing up.
A buyer does not have to pay an agent. EVER! He or she can contact the listing agent and proceed from there.
IMHO, This is the ethical way for agents to sell homes. If a buyer approaches or contacts you wanting to see a property that IS NOT your listing, you must say so. Then immediately contact the listing agent and tell him that a buyer is interested in seeing his listing. 'When can you meet with him?" Is that too hard? If so, give the interested buyer the listing agent's contact information. Then say, "nice meeting you!"
I tried to explain this by using a car dealership as an example. A sales representative assists you while you are looking at cars in his shop. He does not follow you to every dealership waiting for you to buy. Then say, "Hey! You owe me commission! I am her agent." If this example sounds silly to you, then the practice of a buyer's agent is just as silly.
I hope the practice of a buyers agent is banned in all states. If banned, this will save sellers quite a bit of money by not having to pay high commissions.
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Without an agent you can’t get in the house to see it unless it’s an open house. No seller with a brain will let you in the house without one. It’s a safety issue. The agent earned a commission by “following you around” because he granted you entry into those houses. You’re just too cheap to pay him for his time.