Help on home buying in the Plymouth, Canton, South Lyon, Livonia, Belleville, Novi, Northville areas.

Thursday, April 17, 2008

Another clueless "buyer agent" from a "team" office

I ran across a really embarrassing post on Trulia today. An agent who works in a big team got a question from a home seller and responded:

"In this market all Buyers care about are price and condition. If you want to receive the bonus for selling your home yourself, under price everything in the neighborhood by about 3%. At the xxxxxa Group, of which I am exclusive buyer agent, my experience is that right now there are lots of buyers out there who are looking for a good value and will make an offer immediately if the value is there. There is no reason your home should languish on the market for more than 60 days if priced correctly to begin with. Feel free to contact me for further advise or to learn more about listing with the xxxxx Group, where we sell a home every 1-2 days!

Note she says she is an "exclusive buyer agent". Then she tries to get the listing. The whole point about being an exclusive buyer agent is that your office DOESN'T TAKE LISTINGS!!!

Then it gets worse... In the next post she answers a question from another agent about how she gets paid 25% more if she sells an in-house listing!

"I am a buyer agent on a team and we are paid 40/60 split, no higher for friends and family, and 50/50 on our in house listings. I would much prefer 50/50 across the board. The keller Williams Mega agent suggested split is 50/50. However, we do have a closing agent who handles the transaction from u/c to close, which frees up a lot of our time and energy. "

So when she has promised a buyer that she will be loyal to the buyer's needs. Her compensation jumps 25% for selling one of her office listings. Gee I wonder if her buyers know that????

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