How Do You Know if a Seller is getting a Reduced Commission Rate?

by Teryn Bonime www.teryndowntheroad.com

When a listing agent procures a buyer for his or her listing there is sometimes an agreement with the seller to pay a different commission. Often this is a reduced amount of commission (e.g., 7% to 6%).

The reason for this is because the listing agent would be representing both the seller and the buyer and would not split the commission with a buyer’s agent (i.e., the listing agent keeps the entire commission). read more

Submitting Offers to a Seller

by Teryn Bonime www.teryndowntheroad.com

Often, real estate agents simply send over their buyer’s offer via email with a quick note essentially stating “here you go.” The disadvantage to the seller is that he/she doesn’t get a chance to learn about who the buyers are and doesn’t get a chance to learn why the offer was written the way it was.  As a seller, wouldn’t it make sense to hear what the buyer’s agent has to say? Did you know as a seller it is your right to have the offer presented to you by the buyer’s agent? read more

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