The great realtor rip – off
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05-11-2012, 10:11 AM
Post: #2
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RE: The great realtor rip – off
The article continues with possible reasons including buyer's agents steering their clients away from listings that offer less than the "usual" commission split to the buyer's agent. Agents who do this are breaching their legal fiduciary duty to their clients, and the NAR code of ethics as well.
This type of steering was easy when real estate agents controlled access to the MLS data, but now with the data available to the public on just about every agent's website it doesn't seem that this is such a powerful reason. Today's buyers do their own research on the internet for months before they contact an agent. The only thing the agent still controls is access to view the property. Today's buyers tell their agent, "I want to see that house." (and may even give their buyer's agent the MLS number :-) The public doesn't see the commission split data online, so that has no effect on which houses the buyer wants to see. |
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The great realtor rip – off - Lester Langdon - 05-08-2012, 06:20 PM
RE: The great realtor rip – off - Melissa Ostrom - 05-11-2012 10:11 AM
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