Real estate has enough complications between contract disputes, low-ball appraisals, restrictive lending standards, and emotional client reactions. As business professionals we shouldn't be making it even more difficult on each other. We're in the trenches together. Our responsibilities are to the public in which we serve and to that, we are charged with holding ourselves to the highest standards of best practices according to the by-laws that govern our industry.
When we negotiate a successful listing agreement the terms and conditions agreed upon are spelled out in the listing contract between the seller and their agent representative. I took on a listing a few weeks ago from a seller who was not willing to pay a full 3% buyer broker commission. He purchased his home at the height of the real estate market and is still slightly underwater in his home value as compared to what is owned on the property...read more.