Great information! That realtor did not find the house for the buyer. As a buyer in a tight market I feel like I am doing all the work. You can’t just wait for a house to become available anymore. I would hire and pay for an agent that would put in the hours to find off market deals.
Sounds great in theory, but how will the buyers agent know what the topic of conversation between the listing agent and the buyer is? The buyer got the house so they won't tattle. Seems a bit unrealistic. And, what buyer would sign a exclusive contract?
Hi Gillian. You're correct. Most likely it will be very difficult to obtain enough evidence to file a complaint. I totally understand there's the standard... then there's proving it. BUT, I was answering questions in an email. The most probable out come is Answer #1 and Answer #5... Thank you Gillian for watching and commenting. 👍😀
Realtors can help you navigate the process, refer you to reliable lenders, inspectors, and more. Agents can get you in the door of properties you are interested in and look out for YOUR best interests when negotiating. Using a buyer's agent is free to the buyer!
@@jvolstad Realtors don't stand to gain anything by referring clients to trusted lenders except the peace of mind knowing their clients are in good hands. Many times clients have their own trusted lenders and that is great. I always encourage clients to visit with at least one other lender to make their own decision. Choosing the right lender is also important to agents because if a client has a bad experience through the mortgage process, it is not uncommon for that negativity to spread throughout the entire purchase process and everyone involved.
@@suzandowning5063 these mortgage brokers love to pair up with Real Estate salespeople. "You scratch my back I'll scratch yours." Thanks but no thanks. I want a lender working directly for me.
jvolstad Ultimately the decision on which lender to use is up to the buyer. But did you know that not all lenders are the same? For example, some charge the buyer origination fees, some do not. This can impact the buyer sometimes in the amount of thousands of dollars. Experienced Realtors can recommend lenders who offer excellent service and can save the buyer money. Again though, the choice ultimately lies in the buyer’s hands!
Yes. Chalk it up to just business and next time build your client relationship and EDUCATE them; explain how you get paid and that you work for free until you close.
Great info, thanks! When it comes to the EBA, can the broker only seek compensation from the buyers since they are the ones who signed the agreement? It seems like there should be some financial recourse to the poaching agent if they knowingly violated that agreement. Would that typically come in the form of fines from the commission?
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yes
Great information. Thank You
Thank you
Yes
Great information! That realtor did not find the house for the buyer. As a buyer in a tight market I feel like I am doing all the work. You can’t just wait for a house to become available anymore. I would hire and pay for an agent that would put in the hours to find off market deals.
Thank you for the comment
Yes... just last month.
Sounds great in theory, but how will the buyers agent know what the topic of conversation between the listing agent and the buyer is? The buyer got the house so they won't tattle. Seems a bit unrealistic. And, what buyer would sign a exclusive contract?
Hi Gillian. You're correct. Most likely it will be very difficult to obtain enough evidence to file a complaint. I totally understand there's the standard... then there's proving it. BUT, I was answering questions in an email. The most probable out come is Answer #1 and Answer #5... Thank you Gillian for watching and commenting. 👍😀
@@RandallSchoolofRealEstateOmaha Thank you, Paul. I really love these videos
Yes, and it hurts bad
Yep!!!
Yes, this has happened to me
Yes….. recently due to this market
Sketchy listing agents….
With so many online resources, why as a buyer would I want a so called buyer agent?
Realtors can help you navigate the process, refer you to reliable lenders, inspectors, and more. Agents can get you in the door of properties you are interested in and look out for YOUR best interests when negotiating. Using a buyer's agent is free to the buyer!
@@amybrodersen8667 I don't think that I would trust the Real Estate salesperson's preferred lender's.
@@jvolstad Realtors don't stand to gain anything by referring clients to trusted lenders except the peace of mind knowing their clients are in good hands. Many times clients have their own trusted lenders and that is great. I always encourage clients to visit with at least one other lender to make their own decision. Choosing the right lender is also important to agents because if a client has a bad experience through the mortgage process, it is not uncommon for that negativity to spread throughout the entire purchase process and everyone involved.
@@suzandowning5063 these mortgage brokers love to pair up with Real Estate salespeople. "You scratch my back I'll scratch yours." Thanks but no thanks. I want a lender working directly for me.
jvolstad Ultimately the decision on which lender to use is up to the buyer. But did you know that not all lenders are the same? For example, some charge the buyer origination fees, some do not. This can impact the buyer sometimes in the amount of thousands of dollars. Experienced Realtors can recommend lenders who offer excellent service and can save the buyer money. Again though, the choice ultimately lies in the buyer’s hands!
Yes. Chalk it up to just business and next time build your client relationship and EDUCATE them; explain how you get paid and that you work for free until you close.
Great info, thanks! When it comes to the EBA, can the broker only seek compensation from the buyers since they are the ones who signed the agreement? It seems like there should be some financial recourse to the poaching agent if they knowingly violated that agreement. Would that typically come in the form of fines from the commission?
Meredith... you are correct. The only FINANCIAL recourse would be from the buyer if there was a Exclusive Buyers Agency Agreement in place.
At 8:42 -- I think your Facebook address is spelled wrong (FYI)
yes
Yes
Yes, it has happened to me.
Yes