Is the role of a clients real estate agent worth the money

[Bobby Narinov]

This is going to piss off a lot of agents.

I was reading here on BP about a buyers agent refusing to submit an offer unless it is at or above the asking price and I kind of got pissed off.

In today's markets the buyer usually researches the areas, the comparables and settles on a property. Then he waits for an open house to see the property or if there is no open house he/she gets a buyers agent to unlock the property (you even drive yourself there). Then the agent fills in five lines in a computer and if your offer is accepted he gets 3% of the sales price. Here in California this comes to an average $20,000.00.

So why would you tip a doorman $20,000.00?

I also have missed offers where the bank's agent accepted my offer and changed his mind one day later taking an offer that is $3,000.00 UNDER my already accepted offer. He claimed their offer was better than mine. Several months later RedFin posted the actual sales price and as it turned out the seller's agent was representing both the buyer and the seller so he got double the commission. Here is the listing on RedFin: https://www.redfin.com/CA/Laguna-Hills/25801-Via-Lomas-92653/unit-194/home/5693161