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All Forum Posts by: Joanne Green

Joanne Green has started 1 posts and replied 11 times.

Quote from @Jessica A Keeney:

Did you have multiple offers and if so, was that the best one?


 There were not multiple offers.  This was the second offer brought to me.  The first offer also was brought to me by "my" agent who also became the seller's agent.  I accepted that offer and that buyer decided to back out after the contract was signed but before she submitted the deposit.  After the second offer came in & before I accepted, I asked many times to have additional showings, but that never happened.  I know that sometimes that's just what happens but it added to my unease.

Quote from @Marcus Auerbach:

@Joanne Green -  I can see how this rubs you the wrong way, but here is another way to look at it.

If the son would not have built rapport quickly with a walk in buyer (not an easy task) you would have not gotten the offer you have! He literally sold the house for you, that's why the buyers agent is referred to the as the "selling agent". 

If he would not have done that, you would have signed the 2nd best offer you had (I assume you had more than one). It would have been much easier for the son to capture the contact and then say, hey I'll show you 5 other houses. That is actually the safer way for the agent to build rapport and trust with a walk in...

The irony is most seller's will pick a listing agent they feel confiednt in their ability to "sell the house" and when they actually pull that off then the seller wants a discount? 

I also don't think they are playing god cop bad cop with you: The listing contract is between the brokerage and you, the agent does not have authority to change it without a signature from the broker. If you read your listing contract it even says that (at least in Wisconsin).

This setup really increases the odds of getting the contract across the finish line. If you are happy with the offer you have accepted, the next thing that you want is to actually get the deal closed and it sounds like you are well on your way.

Marcus this is a very helpful perspective & I actually am starting to feel some relief.  Thank you for taking the time to write it.
Quote from @Jimmy O'Connor:

@Joanne Green I’d be happy about that set up. With it, you’re more likely to get complete transparency and communication between your agents to get the transaction to the closing table. Not worth dipping into their pockets, especially since it’s two separate people, not the same person getting the “full” commission (I use quotations because brokerages take absurd fees from agents).

And making a brokerage policy to not change their commission agreement doesn’t seem suspect, it seems like a good practice so clients don’t walk over agents, something that happens all the time

Thank you for this Jimmy.  This is very helpful.

Thank you all (or most of you) for your good advice and information.  I'm definitely calming down.  Really appreciate it.

Quote from @Zion Bar:

so they did what you hired them to do, and after they've done their job, you want a discount because you feel like you deserve it?


 Exactly what I said.  Lol.  

Quote from @Sonny Vu:

@Joanne Green. I am sorry you went through this and I can feel the angst in your post. I am sure that all realtors strive to keep their clients happy and want to avoid anything that would cause what you are feeling now. All the responses posted previously are 100percent accurate, but it sounds like a failure on your agent’s part to explain the possibility of dual agency when they obtained the listing from you. That should have been made clear to you when you signed the listing agreement and a discussion regarding variable commission should have taken place during the listing presentation.

That being said, Will is right in that it’s irrelevant that the son gained a client from showing your home. That’s part of the real estate marketing process and many agents acquire new clients from open houses. There’s a lot of prep time and time behind the scenes that they put in to market your home. Hopefully you are happy with everything else that was done on your behalf in the process and I hope you end up happy at closing. Good luck and congratulations!

-Sonny


 Thank you for your comments Sonny.  I know its irrelevant from a legal standpoint, and I don't discount the agent's own hard work in gaining those contacts, my only point in bringing it up is that my listing has had a uniquely profitable outcome for them... double the commission on my house as well as directly gaining two other commissions, and under those circumstances perhaps "rebating" a bit of the commission to me would have been a show of good faith. As it is, it feels very money-grubbing on their part, and makes me wonder if all else has been above board, e.g., did they turn down any showings?  Did they discourage any other potential buyers in any way?  I'll never know for sure and honestly to some extent (perhaps unfairly) they have lost my trust.

Quote from @Russell Brazil:

That type of discount should have been negotiated when you entered into the listing agreement, not after a contract to sell the house was purchased.

Definitely concede this point but I must say it never occurred to me to discuss this possibility prior to signing the contract.  I will next time.  In all fairness, I'd be shocked if many realtors actually discuss this with clients prior to signing a contract.  I don't have a whole lot of experience but it sure has never happened  to me before.

Thank you Dustin.  Very good points.  Honestly I can't answer question #1 but I think I would be tempted to see, if I could save $40k+ in the process.  And that's the crappy thing about this experience... I'm no longer a true believer in the "full service" model after this experience.

Thank you Will.  That was precisely my feeling when she told me her brokerage didn't allow it, that she was not wanting to take responsibility herself for denying me.  Really gave me a bad feeling.  It never occurred to me to negotiate this type scenario prior to signing the contract, but I definitely will in the future. The inspection is upcoming and I will be very interested to see how they handle when repairs are requested. 

Thank you Dustin, sure appreciate your input, goes a ways in calming my nerves.  I knew they didn't "owe it" to me but it just seems they should be willing to negotiate a small discount in light of the circumstances.  I'll have to remember to negotiate such a possibility ahead of time.  Honestly this experience will make me want to consider a discount broker next time.  Thanks again.