Comments on: Why Should You Use a Realtor instead of a Builder Sales Agent?

By: Linda

Linda — Tue, 01 Apr 2008 23:46:12 +0000

When I bought my place, my “buyer’s agent” ripped me off, and when I sold it, the buyer’s “Buyer’s agent” tried to rip her off.

I had to wait for him to leave to disclose some of the problems to the buyer.

In both cases, the buyer’s and seller’s agents were working for the same broker.

By: Is Dual Agency in the public’s best interest? Part 1 of 2 | VARbuzz

Is Dual Agency in the public’s best interest? Part 1 of 2 | VARbuzz — Tue, 11 Mar 2008 23:00:59 +0000

[...] that is to rid the real estate profession of the scourge of Single-Agent Dual Agency. I’ve written about the problems and solutions extensively over the years, and my position has evolved from [...]

By: Port Orange Juice

Port Orange Juice — Tue, 26 Feb 2008 13:58:13 +0000

We represent clients with new construction as well as resale homes. We don’t just walk the buyer into the builder’s sales office and walk away with a commission. We help OUR BUYERS through the entire process from construction to closing.In addition, we can deal with any unexpected issues that arise before closing.
You always want to have representation at a closing and have your Real Estate Agent preview your HUD statement with you.. (this is the statement that gives you a breakdown of all charges and what you (the buyer)…and the builder are paying).

By: Port Orange Condo

Port Orange Condo — Mon, 25 Feb 2008 17:51:57 +0000

The builders agent represents the builder not you. Always have a real estate agent they can best guide you and represent you.

By: Jim Duncan

Jim Duncan — Sat, 23 Feb 2008 00:51:34 +0000

It disturbs me that so many new construction developments are “Exclusively Marketed By” and as such lead people to believe (I know, you can only protect people from themselves so much …) that they can only go directly to that Realtor/builder.

Jonathan –

Shoot, you’ve written about this better than most. I figure if enough of us educate the public (and other Realtors) maybe eventually we can effect positive change.

Joe –

Thanks again for the great insight.

By: Jonathan Dalton

Jonathan Dalton — Fri, 22 Feb 2008 23:58:38 +0000

I’ve written about this as well. But what I’ve also seen is buyers who then weaken their negotiating position (and neuter me simultaneously) by going to the builder to negotiate along the way. It’s hard to be effective if I’m not a part of all conversations.

By: Joe Vita

Joe Vita — Fri, 22 Feb 2008 21:36:36 +0000

Could it be that many in the public are confused about the real nature and true advantages of buyer agency because so many start out with a buyer agency relationship and wind up in either a dual or designated agency situation? They get robbed of the experience of having an advocate and aren’t aware of it at the time. They may never become aware of it unless they have an unhappy experience which might cloud their perception buyer agency.

What will it take for the majority of consumers to appreciate and seek out true buyer agents?
I don’t believe this will happen unless and until more agents voluntarily give up listing properties and become exclusive buyer agents.
That may take some guts to do but it can be very rewarding both financially and professionally.
I know because I’ve done it and am having more satisfaction in my career over the last 5 years or so than in the prior 25.

Plus there are some great professional services that can be offered to former buyer clients when it comes time for them to sell so that their best interest are properly addressed and they aren’t lost to us as future revenue streams.

Word will eventually get around among buying consumers about which agents to seek out and what type of agency is preferrable but it will take time and an accumuation of shared, rewarding experiences in each market to accomplish this. Watch for the status of the real estate professional to improve significantly in the court of public opinion should buyer and seller agency become specialties that are not, as a matter of course, practiced by the same agent in the same transaction.
Watch for the number of licensees to drop over time as the business makes more professional demands on those willing to adjust.

Things will change…they always to. Hopefully, for the better.

By: Tony Arko

Tony Arko — Fri, 22 Feb 2008 14:15:47 +0000

If you were on trial for murder, would you defend yourself? Yet buyers choose to do this when they make what could possibly be their largest financial decision ever. The builders should be forced to make every potential buyer sign a document that says they give up all their rights if they don’t use an agent. That is pretty much what happens.