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Updated over 6 years ago, 06/11/2018

Account Closed
  • Lender
  • Tampa, FL
168
Votes |
543
Posts

Ask for the MLS BROKER SYNOPSIS in advance

Account Closed
  • Lender
  • Tampa, FL
Posted

Ask your Buyer's Agent to email you a copy of the MLS BROKER SYNOPSIS before looking at any properties. 

This is different than the standard MLS sheet that buyer's agents send their buyers which hides information and populates the buyer's agent's info over this info instead.

The Broker Synopsis has very valuable information on it that the buyer/ borrower does not usually see unless it's shared with them.

It's helpful in many ways to view the Broker Synopsis, like being able to see the potential urgency to sell which can help the buyer gauge their offer as to when to make it and for how much  Buyers can gain an advantage knowing what the listing is paying in real estate commissions to both the Listing Agent AND what is offered to any Buyer's Agent as well as the amount of months left on the current listing, etc.  

If the seller is only paying the Listing Agent 2.5% or 2% or less, this could affect the offer.

If the seller is only offering buyer's agents 2.5% or 2%, even though the property may be the very best deal, many buyer agents will avoid showing them as they feel it does not pay them enough.

Do any BP Investors, who are not realtors, use this strategy?  

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