Updated over 8 years ago on . Most recent reply

Buying agent hosting an open house for listing agent?
I'm hoping to get some feedback and perspective on this offer that was made to us. My husband and I are rehabbers and my husband also has a broker's license, so when we finish a project, we list it under his broker license and we hold open houses as the agent and owner of the property. We just put a beautiful house in Garden Grove on the market on Friday and today received an offer from a local buying agent with a well known firm that he would like to hold open houses for us Friday, Saturday and Sunday this weekend in order to get a buyer and earn the 2.5% commission we're offering and that on top of that he will throw us an extra $500 for allowing him to do this. I have all sorts of alarms going off in my head but can anyone tell me if this is typical or something I shouldn't be worried about?
Most Popular Reply

Happens a lot. A good, hungry agents know there's a good chance they can pick up a buyer (and maybe a seller in the neighborhood) at you open house, Especially for a remodeled home in Garden Grove.
You definitely have to vet him and make sure he is professional and capable - he is representing your home to the market. You might also want to talk to him about bird-dogging deals for you - he sounds like a real go-getter!