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Valuable or Worthless? The Choice is Yours

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  1. You wrote an excellent article. When I was working with a Broker/Realtor a few months back, we had this same conversation, as at that time, everyone in the office were cutting their commissions to accommodate their clients’ but we did not for the very reasons you wrote about. I’m sharing your article on LinkedIn and another Realtor Group online. Thanks for good writing and excellent insights on these issues.

    Salwa Omran AKA Sally Omran

  2. Charita

    Typically, real estate professionals “DO” work under exclusive buyer brokerage agreements…….(in the Metropolitan Birmingham, AL market).

    I think that regional differences should always be considered when making such broad statements such as “Typically, real estate professionals “do not” work under exclusive buyer brokerage agreements……”

  3. BJ White

    I agree with Charita in that “regional differences should always be considered when making such broad statements such as “Typically, real estate professionals “do not” work under exclusive buyer brokerage agreements……”.

    In N.C. our zip forms ONLY offer an Exclusive Buyer Agency Agreement! Yet in our small rural market, only about 1 out of 10 buyers have buyers’ agents. The majority of buyers are working with sellers’ agents or sellers’ subagents.

    Sellers in NC may chose whether or not they will compensate a buyers’ agent. I’m not sure how it is in other states. I know if I was a seller, I wouldn’t pay for a buyer’s agent. If the buyer wants representation, let him pay for it.

  4. There’s a difference between Saks 5th Avenue and Khol’s. I’m definitely Saks 5th Avenue and my clients recognize that. Some of my buyer transactions have run into extreme difficulty. Upon finally closing, my clients were amazed how far my team and I had to go to work on their behalf and ensure things were going their way. One transaction interrupted my 10 day vacation 8 of those days (frequently) having to deal with a listing agent who was clueless who had a greedy arrogant client who walked all over him. My vacation was stress-laden, but in the end my clients prevailed. Believe me, I earned every cent of that commission and these clients, like my others, will be clients for life. FYI: I work by exclusive buyer brokerage agreement.

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