buyer needs vs agent fees (heh rhyme!)

buyer needs vs agent fees (heh rhyme!)

Investor · Memphis, TN · Member since 2016 · 379 posts · 130 votes

Hey guys- I've had two agents in two markets.  What they did for me was very different.  What they charged, in both cases, whatever the standard commission was.

In WA it was what I assume is the standard.  He would suggest properties, drive me around to see those properties- inside and out- sometimes more than once, would consult on pricing, make the offers, navigate the negotiation process, then manage the closing process.  This was my understanding of the agents job from before I got into the business.

In TN the agent did suggest properties- but mostly just by drawing my attention to stuff I was already seeing in the auto emails.  Did not physically show properties to me.  He would make the offers and consult on pricing.  Initially he did manage the closing process- but I took on more and more of this as time went by.

So totally different service profiles.  The volume of work was not the same.  I feel like that should be reflected in the fees.

Am I crazy?  I am open to crazy.  

What I would like is someone who points out properties on the mls and makes offers/counter offers.  Does not need to show properties. And I will manage the closing.

If I am NOT crazy- my questions is- what is the appropriate commission structure for this reduced list of responsibilities?

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  • Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
    7y

    @Jackson Long

    Every agent operates their business differently. You have to communicate your needs and how you would like to operate.

    On a related note, buyer agents don't charge a commission. the seller pays for that. The buyer agent has no control over that. That is set between the listing agent and their seller. The only time it will be different is if the agent is brokering an off market deal and the seller doesn't want to pay a commission - then the buyer would have to pay their agent.

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