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Old 09-11-2011, 10:03 PM   #7
Geoc
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Join Date: Mar 2011
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Personally, I would let them if that there is another realtor trying to get your business. If a realtor finds out that you have another realtor working for you, and you didn't tell either of them, it could get ugly.

Quote:
Originally Posted by Sanjay_Burnaby View Post
The best way to get a realtor to work for you properly is to offer them a flat fee and make them give up any commission that they get from the seller. This allows you to negotiate the price down much better when buying. It also reduces the incentive for realtors to use the "sort by commission" button when they are finding a property and avoids other BS. Make sure you offer a good enough flat fee in order to get them to work. They still don’t like this setup.
This idea doesn't bode well, unless you know the realtor on a personal level. In fact, if negotiations come down to a sizable gap between buyer and seller's asking price, realtors often cut their own commission (both buyer and seller's) to close the deal. Giving the realtor and upfront discount in commission before even checking out any listings is usually turn off, and makes the realtor prioritize all his/her other clients before you.

Last edited by Geoc; 09-11-2011 at 10:12 PM.
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