I just read an article on MSN Money, Pay More to Sell a Home Faster, that says that sellers have begun paying larger commissions to incent their Brokers to work harder and to bring in more buyer's agents.
I am sorry, did I miss something?
When I create a contract with a buyer or with a seller, I create a relationship where I work for their best interest. If I choose to show a house because I would get a higher commission, whose interests am I representing--theirs or mine? It might be theirs, but the water is definitely muddy...
If I work harder on one listing than another, because one pays a larger commission, am I doing the best for both my clients, or have I sold myself to the highest bidder?
Is this more media frenzy or are people really doing this? I have not seen it in my market, but that does not mean it is not around--just hasn't been on the listings that I have shown. Although, maybe I am naive, but I do not check the commission on the listing unless I am writing a contract; if the house is right for my clients, I show it.
No doubt, it takes more money and more time to sell a listing these days, even one that is priced right, but I am not sure that offering a higher commission is the way to move inventory.
If you like what you've read, please consider subscribing to my blog by clicking on the Orange RSS button and following the instructions. Thanks!
A GREAT Real Estate experience.
If I can help you, your friends or family buy or sell their next home in Northern Virginia, please let me know!
If you need help with a home outside of Northern Virginia, I have an extensive network of referral agents and will make sure you are working with the best!
The contents of this blog may not be copied or reproduced without the permission of Holly Weatherwax.