Did you folks hear this story.
In May of 2008 A Realtor group in Montana asked a state regulatory board to consider whether it is a license violation for a listing broker to allow agents representing buyers to directly submit offers to a home seller.
What Do You folks think of this?
I feel that it is a Must for your Buyers agent to submit an offer to the Seller. Yes their, Sellers agent should be there also but if your buyers agent does not submit directly to the Seller than there is to much room for lies or the listing agent misrepresenting your offer. I have seen many situations where the listing agent talked the Seller out of a deal that was really good for the Seller. Make sure that your Buyers agent presents your offer to the Seller.
The Buyers agent should NOT be calling the Seller direct, they hired an agent and the Buyers agent needs to contact the Sellers agent.
Minimum-service measures are not necessarily in the best interest of the real estate consumer.
U.S. Justice Department and Federal Trade Commission officials have opposed such measures, claiming they could be anticompetitive and deprive consumers of choices in real estate services. Meanwhile, some industry officials have countered that such measures seek to protect consumers by ensuring an adequate level of services in real estate transactions.
There is no provision under the state's real estate code for consumers to waive negotiation services performed by a real estate licensee
State code provides that a broker "negotiates or attempts to negotiate the listing, sale, purchase, rental, exchange or lease of real estate," and defines "negotiations" as "efforts to act as an intermediary between parties to a real estate transaction; facilitating and participating in contract discussions; completing forms for offers, counter-offers, addendums and other writings; and presenting offers and counter-offers."
Click Here for Full Article
http://www.inman.com/news/2008/05/2/realtor-group-questions-real-estate-negotiation-duties
Keep in mind Montana fought hard and long to Keep Buyers from Receiving a Buyers Rebate in their Real Estate transaction. My first year as a Real Estate Broker owner, I was told that I could not give buyers rebates, it was against the law. State Law told me what I could do with my paycheck.
Just last Summer Realtors got a hand out from the Montana Association of Realtors claiming that Buyers Rebates were mortgage fraud. Yet for some reason commission and Sellers bonuses to the Selling Agent are not. I will soon be posting that article and some other tidbits on Montana Trying to keep buyers from getting a Rebate in their real estate transaction.
In May of 2008 A Realtor group in Montana asked a state regulatory board to consider whether it is a license violation for a listing broker to allow agents representing buyers to directly submit offers to a home seller.
What Do You folks think of this?
I feel that it is a Must for your Buyers agent to submit an offer to the Seller. Yes their, Sellers agent should be there also but if your buyers agent does not submit directly to the Seller than there is to much room for lies or the listing agent misrepresenting your offer. I have seen many situations where the listing agent talked the Seller out of a deal that was really good for the Seller. Make sure that your Buyers agent presents your offer to the Seller.
The Buyers agent should NOT be calling the Seller direct, they hired an agent and the Buyers agent needs to contact the Sellers agent.
Minimum-service measures are not necessarily in the best interest of the real estate consumer.
U.S. Justice Department and Federal Trade Commission officials have opposed such measures, claiming they could be anticompetitive and deprive consumers of choices in real estate services. Meanwhile, some industry officials have countered that such measures seek to protect consumers by ensuring an adequate level of services in real estate transactions.
There is no provision under the state's real estate code for consumers to waive negotiation services performed by a real estate licensee
State code provides that a broker "negotiates or attempts to negotiate the listing, sale, purchase, rental, exchange or lease of real estate," and defines "negotiations" as "efforts to act as an intermediary between parties to a real estate transaction; facilitating and participating in contract discussions; completing forms for offers, counter-offers, addendums and other writings; and presenting offers and counter-offers."
Click Here for Full Article
http://www.inman.com/news/2008/05/2/realtor-group-questions-real-estate-negotiation-duties
Keep in mind Montana fought hard and long to Keep Buyers from Receiving a Buyers Rebate in their Real Estate transaction. My first year as a Real Estate Broker owner, I was told that I could not give buyers rebates, it was against the law. State Law told me what I could do with my paycheck.
Just last Summer Realtors got a hand out from the Montana Association of Realtors claiming that Buyers Rebates were mortgage fraud. Yet for some reason commission and Sellers bonuses to the Selling Agent are not. I will soon be posting that article and some other tidbits on Montana Trying to keep buyers from getting a Rebate in their real estate transaction.
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