Quote:
Originally Posted by BrianL99
So you sign a contract for a Broker to represent you ... then try to renegotiate, when a potential buyer shows up?
Doesn't sound very honorable to me.
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Geez! I am not claiming it is honorable or dishonorable. It just happens. Based on what I have observed and experienced over the years is that it occurs in the normal course of the real estate sales business, more frequently in commercial sales than in residential. The reason it happens is to close a deal that otherwise would not close. Indeed, what I have usually seen and experienced is that the buyer and seller cannot agree on a price. They are close, but no cigar. One or both of the agents if there are buyer and seller agents involved offers to reduce a commission to gain a deal as no deal means no commission. A listing agent is of course free to not offer to receive less commission and continue to seek a buyer willing to pay a price to which the seller will agree. A buyer's agent can stand pat , too. So no deal. That happens, too. It is a free country.