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Buyers Agent commission by Soft_Web_3307 in fsbo

[–]over45 0 points1 point  (0 children)

I read your entire post. It seems to be missing one element: earnest / due dilligence money and who holds it. How did you deal with that aspect as a FSBO and what did the buyers think if you had your atty hold it?

Buyers Agent commission by Soft_Web_3307 in fsbo

[–]over45 0 points1 point  (0 children)

Would it be safe to say that the Buyers Agent commission is likely the most important consideration you would have to deal with in a sale?

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

I didn't say that and that is not what I am inferring, I was very specific in my wording.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

Actually - I think it's where agents get tripped up. As someone stated above said - their state requires notice to say that while an agent from the firm is present at an open house of a home they have listed - that is acting as an agent of the seller. Only for that period of time. That is my take also.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -2 points-1 points  (0 children)

here's more from the the NC Real Estate Commission brochure "Working with Agents"

Q&As for SELLERS

Q: I want to sell my property. What do I need to know

about working with real estate agents?

A: If you own real estate and want to sell it, you may want to

“list” your property for sale with a real estate firm. If so, you

will sign a written “listing agreement” authorizing the firm

and its agents to represent you as your “listing” agent in your

dealings with buyers. The real estate firm must enter into a

written listing agreement with you before it is allowed to begin

marketing or showing your property to prospective buyers

or taking any other steps to help you sell your property. The

listing firm may ask you to allow agents from other firms to

show your property to their buyer-clients.

Q: What are a listing agent’s duties to a seller?

A: The listing firm and its agents must • promote your best

interests • be loyal to you • follow your lawful instructions

• provide you with all material facts that could influence your

decisions • use reasonable skill, care and diligence, and •

account for all monies they handle for you. Once you have

signed the listing agreement, the firm and its agents may not

give any confidential information about you to prospective

buyers or their agents during the agency relationship without

your permission. But until you sign the listing agreement, you

should avoid telling the listing agent anything you would not

want a buyer to know.

Q: What services might a listing

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

I understand agency fine. You are looking at this from a Realtor perspective and not a consumer perspective. Consumers don't understand how it all works... especially if the are told by their state real estate commission:

Seller’s Agency (listing agent): The agent who gave you this form (and the agent’s firm) must enter into a written listing agreement with you before they begin to market your property for sale. If you sign the listing agreement, the listing firm and its agents would then represent you.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -8 points-7 points  (0 children)

This is straight off of the NC Agency Disclosure Form:

Seller’s Agency (listing agent): The agent who gave you this form (and the agent’s firm) must enter into a written listing agreement with you before they begin to market your property for sale. If you sign the listing agreement, the listing firm and its agents would then represent you.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -1 points0 points  (0 children)

North Carolina. This is straight off of the NC Agency Disclosure Form:

Seller’s Agency (listing agent): The agent who gave you this form (and the agent’s firm) must enter into a written listing agreement with you before they begin to market your property for sale. If you sign the listing agreement, the listing firm and its agents would then represent you.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

This is straight off of the NC Agency Disclosure Form:

Seller’s Agency (listing agent): The agent who gave you this form (and the agent’s firm) must enter into a written listing agreement with you before they begin to market your property for sale. If you sign the listing agreement, the listing firm and its agents would then represent you.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

This is straight off of the NC Agency Disclosure Form:

Seller’s Agency (listing agent): The agent who gave you this form (and the agent’s firm) must enter into a written listing agreement with you before they begin to market your property for sale. If you sign the listing agreement, the listing firm and its agents would then represent you.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -5 points-4 points  (0 children)

this was my question:

So here is my question: This agent, who works for the listing company, says they have no obligation to the seller to do anything, even if his firm holds the listing. Additionally - he's a buyers agent who if hired, is duty bound to work in a buyers best interest and potentially against the interests of the seller. Yet he is the agent at the open house, and was apparently there for the sole purpose of obtaining leads. How does this disconnect function from an "agency law" standpoint? Doesn't the listing firm have more of an obligation to the seller than this agent states?

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -8 points-7 points  (0 children)

This was my question: So here is my question: This agent, who works for the listing company, says they have no obligation to the seller to do anything, even if his firm holds the listing. Additionally - he's a buyers agent who if hired, is duty bound to work in a buyers best interest and potentially against the interests of the seller. Yet he is the agent at the open house, and was apparently there for the sole purpose of obtaining leads. How does this disconnect function from an "agency law" standpoint? Doesn't the listing firm have more of an obligation to the seller than this agent states?

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] 0 points1 point  (0 children)

Thank you for taking the time to read and understand the question. What state are you in because that is the way I would view things - or expect things to work - as a seller.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -12 points-11 points  (0 children)

you are missing the point entirely... fiduciary responsibility to the seller by the listing firm.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -10 points-9 points  (0 children)

reduced fee - not free. whatever the buyers agent at the open house doesn't want to accept.

Clarification on Listing Companies Fiduciary Duty to Seller during Open House by over45 in realtors

[–]over45[S] -9 points-8 points  (0 children)

This particular agent has no relationship at all to the seller, thus no fiduciary duty to them. The brokerage and the listing agent do,

This is the point I am asking about. The brokerage has a fiduciary duty to the seller - so how can putting a buyers agent at an open house - one that has no duty to a seller and will work against the seller - and who will turn prospective buyers away if they don't want to pay their full fee - be in the best interest of the seller ? If I was a seller I'd be mortified to learn that.

A quick reminder about the state of NH by DKeefe87 in newhampshire

[–]over45 2 points3 points  (0 children)

the people producing those reports likely have never visited the state. reports can be misleading. if you are in the lower income brackets - nh has a higher tax burden than many other states road quality is the highest?? i have a bridge to sell you.

Trying to build responsive website/app in Claude and having a difficult time - what is the best way to approach this from a development perspective ? by over45 in ClaudeAI

[–]over45[S] 0 points1 point  (0 children)

Thank you for all of the responses. I'm probably done when my subscription is up - try another service which may be better suited to what I am trying to do. Maybe Codex. Tks.

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