Quote:
Originally Posted by margaretmattson
???? Why would a buyer care if the commission is reduced? He is not paying it! The only negotiation made with the listing agent is a purchase price both parties can agree upon.
Wrong! The listing agent must provide comparables, provide a reputable inspector or allow a buyer to choose an inspector. The listing agent works under a broker or is a broker himself. A broker MUST
make certain the deal was closed legally with no underhanded shenanigans. Any wrongdoing and they can lose their license. An outside agent is not responsible for any of this.
Again, I hope the practice of a buyers agent is banned in every state.
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Regarding commission I meant if they pass that savings along to the buyer. For example say an offer is for 500k but the seller wants 515k. The listing agent may say “I’ll lower the commission if you want to accept this offer”. That happens all the time, especially if the home isn’t selling. I’ve had it happen to me.
Regarding the rest of your post I am not wrong. Yes, it has to be legal. But the listing agent doesn’t have to provide comps or an inspector or anything other than doing what’s in the purchase contract.