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  • January 9, 2008 at 2:15 PM #133121
    SD Realtor
    Participant

    Couple of comments…

    Amy didn’t you post about the Fisherman house here on Piggington before? I could swear you did and I believe I had posted the listing history on this home so it should not be a surprise about the previous pricing.

    Gun Doctor – When MLS listings are emailed out to clients the confidential remarks are distilled. It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. Yes that will always be on the HUD at closing but if I were a buyer I would want to know up front if no more then for curiosity. Anyways there is no harm in any buyer simply asking their realtor what the cbb is for the home they want to make an offer on.

    Ren – I have said it before and will say it again… friends and family man… It is staggering what people will put up with when the realtor is a friend, in law, or other relation. The more agents a broker has, the larger the web.

    Amy – Aside from common sense on your part, why would you expect your agent to tell you about the 10k bonus? Are you getting a rebate from him/her that is based on the total commission they get? So yes, 3% of 1.4M + 10k is 52K. Not bad for the brokerage representing you and they may have been a bit embarrassed to let you know that. I don’t believe it is a material fact though.

    SD Realtor

    January 9, 2008 at 2:37 PM #132850
    amy
    Participant

    Hi SD Realtor,
    Yes, I had posted on here about the house before, and it was through you that I found it had been on the market for more than a year (relisted several times). I did not know it had been listed at a lower price though.

    I would expect my realtor to tell me about the additional bonus as I see it as an added expense on my part – it’s an additional $10k that the seller will be adding on to what they want to get. Since my agent is representing me, as a seller, I think that is information that should be shared with me,and yes, I think a rebate would be appropriate in that situation.

    Although I have owned four houses in three states and had my real estate license a long time ago when I lived in VT, I am learning more from this site than all those experiences put together. When we are ready to buy, we will have a lot of questions & good information to base our decisions on.

    Thanks to all you Piggs!

    January 9, 2008 at 2:37 PM #133037
    amy
    Participant

    Hi SD Realtor,
    Yes, I had posted on here about the house before, and it was through you that I found it had been on the market for more than a year (relisted several times). I did not know it had been listed at a lower price though.

    I would expect my realtor to tell me about the additional bonus as I see it as an added expense on my part – it’s an additional $10k that the seller will be adding on to what they want to get. Since my agent is representing me, as a seller, I think that is information that should be shared with me,and yes, I think a rebate would be appropriate in that situation.

    Although I have owned four houses in three states and had my real estate license a long time ago when I lived in VT, I am learning more from this site than all those experiences put together. When we are ready to buy, we will have a lot of questions & good information to base our decisions on.

    Thanks to all you Piggs!

    January 9, 2008 at 2:37 PM #133041
    amy
    Participant

    Hi SD Realtor,
    Yes, I had posted on here about the house before, and it was through you that I found it had been on the market for more than a year (relisted several times). I did not know it had been listed at a lower price though.

    I would expect my realtor to tell me about the additional bonus as I see it as an added expense on my part – it’s an additional $10k that the seller will be adding on to what they want to get. Since my agent is representing me, as a seller, I think that is information that should be shared with me,and yes, I think a rebate would be appropriate in that situation.

    Although I have owned four houses in three states and had my real estate license a long time ago when I lived in VT, I am learning more from this site than all those experiences put together. When we are ready to buy, we will have a lot of questions & good information to base our decisions on.

    Thanks to all you Piggs!

    January 9, 2008 at 2:37 PM #133104
    amy
    Participant

    Hi SD Realtor,
    Yes, I had posted on here about the house before, and it was through you that I found it had been on the market for more than a year (relisted several times). I did not know it had been listed at a lower price though.

    I would expect my realtor to tell me about the additional bonus as I see it as an added expense on my part – it’s an additional $10k that the seller will be adding on to what they want to get. Since my agent is representing me, as a seller, I think that is information that should be shared with me,and yes, I think a rebate would be appropriate in that situation.

    Although I have owned four houses in three states and had my real estate license a long time ago when I lived in VT, I am learning more from this site than all those experiences put together. When we are ready to buy, we will have a lot of questions & good information to base our decisions on.

    Thanks to all you Piggs!

    January 9, 2008 at 2:37 PM #133140
    amy
    Participant

    Hi SD Realtor,
    Yes, I had posted on here about the house before, and it was through you that I found it had been on the market for more than a year (relisted several times). I did not know it had been listed at a lower price though.

    I would expect my realtor to tell me about the additional bonus as I see it as an added expense on my part – it’s an additional $10k that the seller will be adding on to what they want to get. Since my agent is representing me, as a seller, I think that is information that should be shared with me,and yes, I think a rebate would be appropriate in that situation.

    Although I have owned four houses in three states and had my real estate license a long time ago when I lived in VT, I am learning more from this site than all those experiences put together. When we are ready to buy, we will have a lot of questions & good information to base our decisions on.

    Thanks to all you Piggs!

    January 9, 2008 at 3:07 PM #132875
    drunkle
    Participant

    “It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. ”

    is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…

    January 9, 2008 at 3:07 PM #133062
    drunkle
    Participant

    “It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. ”

    is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…

    January 9, 2008 at 3:07 PM #133065
    drunkle
    Participant

    “It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. ”

    is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…

    January 9, 2008 at 3:07 PM #133129
    drunkle
    Participant

    “It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. ”

    is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…

    January 9, 2008 at 3:07 PM #133166
    drunkle
    Participant

    “It always amazes me that buyers do not query their realtors immediately about what commission they will get when they represent them as a buyer. ”

    is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…

    January 9, 2008 at 3:54 PM #132930
    SD Realtor
    Participant

    “is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…”

    Interesting point Drunkle… I guess it is one of those things that vary with the individual. As an anal engineer it is one that to me does seem appropriate. Your point is well taken though. When I buy a car I don’t ask the salesman what his cut is although if I hired a salesman to buy a car from another salesman then I might…

    There are no hard and fast rules about it but to me it is common sense. Once upon a time I used my sister in law at Coldwell… I would do legwork and she would get full commissions. I guess as I have gotten older and crankier my expectations are higher but my reluctance to pose embarassing questions to people has gotten lower.

    Amy – I understand your point. It is a matter of perspective from your angle right? From your p.o.v. the agent should have told you… However from her p.o.v. it is not any of your business. Why should you get a rebate if there is a 10k bonus? So are you saying that if the commission was 42k you should not get a rebate but if the commission is 52k you should? I guess that doesn’t make any sense to me. Note I am only playing a devils advocate role here. If you are expecting a rebate then my advice is to make sure ALL of the details are ironed out up front and ahead of time. What if the seller was only paying 2% instead of 3%. Or what if the seller offered only 2% but then offered a 1% bonus on top of it? You see what I am saying? Your expectations need to account for things like this. Just iron out the details with your realtor… Your agents broker may not even allow any rebates.

    SD Realtor

    January 9, 2008 at 3:54 PM #133117
    SD Realtor
    Participant

    “is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…”

    Interesting point Drunkle… I guess it is one of those things that vary with the individual. As an anal engineer it is one that to me does seem appropriate. Your point is well taken though. When I buy a car I don’t ask the salesman what his cut is although if I hired a salesman to buy a car from another salesman then I might…

    There are no hard and fast rules about it but to me it is common sense. Once upon a time I used my sister in law at Coldwell… I would do legwork and she would get full commissions. I guess as I have gotten older and crankier my expectations are higher but my reluctance to pose embarassing questions to people has gotten lower.

    Amy – I understand your point. It is a matter of perspective from your angle right? From your p.o.v. the agent should have told you… However from her p.o.v. it is not any of your business. Why should you get a rebate if there is a 10k bonus? So are you saying that if the commission was 42k you should not get a rebate but if the commission is 52k you should? I guess that doesn’t make any sense to me. Note I am only playing a devils advocate role here. If you are expecting a rebate then my advice is to make sure ALL of the details are ironed out up front and ahead of time. What if the seller was only paying 2% instead of 3%. Or what if the seller offered only 2% but then offered a 1% bonus on top of it? You see what I am saying? Your expectations need to account for things like this. Just iron out the details with your realtor… Your agents broker may not even allow any rebates.

    SD Realtor

    January 9, 2008 at 3:54 PM #133120
    SD Realtor
    Participant

    “is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…”

    Interesting point Drunkle… I guess it is one of those things that vary with the individual. As an anal engineer it is one that to me does seem appropriate. Your point is well taken though. When I buy a car I don’t ask the salesman what his cut is although if I hired a salesman to buy a car from another salesman then I might…

    There are no hard and fast rules about it but to me it is common sense. Once upon a time I used my sister in law at Coldwell… I would do legwork and she would get full commissions. I guess as I have gotten older and crankier my expectations are higher but my reluctance to pose embarassing questions to people has gotten lower.

    Amy – I understand your point. It is a matter of perspective from your angle right? From your p.o.v. the agent should have told you… However from her p.o.v. it is not any of your business. Why should you get a rebate if there is a 10k bonus? So are you saying that if the commission was 42k you should not get a rebate but if the commission is 52k you should? I guess that doesn’t make any sense to me. Note I am only playing a devils advocate role here. If you are expecting a rebate then my advice is to make sure ALL of the details are ironed out up front and ahead of time. What if the seller was only paying 2% instead of 3%. Or what if the seller offered only 2% but then offered a 1% bonus on top of it? You see what I am saying? Your expectations need to account for things like this. Just iron out the details with your realtor… Your agents broker may not even allow any rebates.

    SD Realtor

    January 9, 2008 at 3:54 PM #133183
    SD Realtor
    Participant

    “is that an appropriate question? it doesn’t seem like the kind of question that you’re supposed to ask…”

    Interesting point Drunkle… I guess it is one of those things that vary with the individual. As an anal engineer it is one that to me does seem appropriate. Your point is well taken though. When I buy a car I don’t ask the salesman what his cut is although if I hired a salesman to buy a car from another salesman then I might…

    There are no hard and fast rules about it but to me it is common sense. Once upon a time I used my sister in law at Coldwell… I would do legwork and she would get full commissions. I guess as I have gotten older and crankier my expectations are higher but my reluctance to pose embarassing questions to people has gotten lower.

    Amy – I understand your point. It is a matter of perspective from your angle right? From your p.o.v. the agent should have told you… However from her p.o.v. it is not any of your business. Why should you get a rebate if there is a 10k bonus? So are you saying that if the commission was 42k you should not get a rebate but if the commission is 52k you should? I guess that doesn’t make any sense to me. Note I am only playing a devils advocate role here. If you are expecting a rebate then my advice is to make sure ALL of the details are ironed out up front and ahead of time. What if the seller was only paying 2% instead of 3%. Or what if the seller offered only 2% but then offered a 1% bonus on top of it? You see what I am saying? Your expectations need to account for things like this. Just iron out the details with your realtor… Your agents broker may not even allow any rebates.

    SD Realtor

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