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Updated about 6 years ago,
buyer needs vs agent fees (heh rhyme!)
Hey guys- I've had two agents in two markets. What they did for me was very different. What they charged, in both cases, whatever the standard commission was.
In WA it was what I assume is the standard. He would suggest properties, drive me around to see those properties- inside and out- sometimes more than once, would consult on pricing, make the offers, navigate the negotiation process, then manage the closing process. This was my understanding of the agents job from before I got into the business.
In TN the agent did suggest properties- but mostly just by drawing my attention to stuff I was already seeing in the auto emails. Did not physically show properties to me. He would make the offers and consult on pricing. Initially he did manage the closing process- but I took on more and more of this as time went by.
So totally different service profiles. The volume of work was not the same. I feel like that should be reflected in the fees.
Am I crazy? I am open to crazy.
What I would like is someone who points out properties on the mls and makes offers/counter offers. Does not need to show properties. And I will manage the closing.
If I am NOT crazy- my questions is- what is the appropriate commission structure for this reduced list of responsibilities?