http://www.realcentralva.com/2006/11/10/links-for-10-november-2006/ Tracking Charlottesville's Real Estate Market since 2005 Tue, 16 Mar 2010 21:50:16 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.realcentralva.com/2006/11/10/links-for-10-november-2006/comment-page-1/#comment-1331 Phil Hoover Sat, 11 Nov 2006 19:20:19 +0000 http://www.realcentralva.com/2006/11/10/links-for-10-november-2006/#comment-1331 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 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

]]> http://www.realcentralva.com/2006/11/10/links-for-10-november-2006/comment-page-1/#comment-1329 Links for a very busy Saturday . . . | BloodhoundBlog | The weblog of BloodhoundRealty.com in Phoenix, Arizona Sat, 11 Nov 2006 15:16:37 +0000 http://www.realcentralva.com/2006/11/10/links-for-10-november-2006/#comment-1329 [...] Both The Real Estate Bloggers and Real Central VA draw attention to The Real Estate Journal’s expose on agent bonuses: The best defense for buyers may be to insist that agents disclose the compensation being offered on any property under serious consideration. That way, consumers could negotiate ways to share anything that goes beyond a normal pay day for the agent — or at least take the incentives into account in assessing the agent’s advice. But few consumers raise such questions. Daniel Ruben Odio-Paez, a broker in the Washington, D.C., area who operates a real-estate search site, www.tbhse.com, says he believes “most buyers have no clue how their agent is being compensated.” [...] [...] Both The Real Estate Bloggers and Real Central VA draw attention to The Real Estate Journal’s expose on agent bonuses: The best defense for buyers may be to insist that agents disclose the compensation being offered on any property under serious consideration. That way, consumers could negotiate ways to share anything that goes beyond a normal pay day for the agent — or at least take the incentives into account in assessing the agent’s advice. But few consumers raise such questions. Daniel Ruben Odio-Paez, a broker in the Washington, D.C., area who operates a real-estate search site, http://www.tbhse.com, says he believes “most buyers have no clue how their agent is being compensated.” [...]

]]>