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Do real estate agents have a secret agenda? Um, some do. If they do not disclose any additional fees that they may receive, they are, in my book, not serving their clients’ best interests.
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Bonus commissions/incentives should be disclosed to buyers long before they review the HUD-1 at the closing table.
How is a buyer going to feel when they learn (after the fact) that you will receive and extra $10-15k for steering them toward what benefits YOU?
I have previously posted about these practices in the Boise real estate market:
http://www.boiseblog.com/journal/2006/9/25/the-mother-of-all-incentives-.html
http://www.boiseblog.com/journal/2006/9/16/buyer-agent-incentives-in-the-boise-real-estate-market.html
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