Need.To.Know
New Member
- Jurisdiction
- Montana
Me and a real estate agent (a neighbour in walking distance) were working out the kinks for a listing agreement of my home and land in Montana in a hot demand area with no inventory. Our price should render a quick sale. With prior negotiations and a week gone by, I thought we were ready to make the deal when my well experienced professional agent said he'd be bringing his working buddy over to see the place before we sign. Huh? What buddy? The broker/owner approves of this pairing for they usually deal in multi-million dollar land deals. I could understand this, however I'm a 20 acre peanut with property to sell in a very favourable market. A well seasoned agent should have no problem going solo. What problems would this set up be for me however. Why did he wait to spring this on me? They both work for the same broker and the agent said it mattered not if his partner was on the listing agreement or not. He would be a co-agent recieving an even split of the agent's 5% commission and whatever they decide out of that to any buyer agent.
I do see double agents now and then being advertised on a listing but this is so unnecessary and, well just plain ole sneaky, by not telling me about this sooner. Why keep it a secret unless you're up to no good. Is there something I should be aware of? Should I request an exclusive right to sell with just the one agent?
PS Tell the Grandkids to quit school and go sell homes. Listing price of $1.2 mill. and 5% commission for @20 hrs. work in 2 week period = $3,000 an hour. Why wouldn't you want to be the only agent on the receiving end?
Are the flags up all over and I walk away or is this common and no problems with it?
Thanks for your opinions.
I do see double agents now and then being advertised on a listing but this is so unnecessary and, well just plain ole sneaky, by not telling me about this sooner. Why keep it a secret unless you're up to no good. Is there something I should be aware of? Should I request an exclusive right to sell with just the one agent?
PS Tell the Grandkids to quit school and go sell homes. Listing price of $1.2 mill. and 5% commission for @20 hrs. work in 2 week period = $3,000 an hour. Why wouldn't you want to be the only agent on the receiving end?
Are the flags up all over and I walk away or is this common and no problems with it?
Thanks for your opinions.