AllThumbs
2021-10-11 13:08:09
- #1
Hello everyone,
We are currently selling our condominium - without a real estate agent.
Right after posting the advertisement, of course, a flood of agents got in touch. Half of them want to be hired by me. I either declined them or directly moved them to the "unwanted folder."
The second half have a search order. Allegedly clients who don’t want to search themselves or live elsewhere and therefore have hired the agent. Well, it might be worth it to someone. But how does the commission work in this case? I thought the purchaser pays principle would apply 100% here. However, in a few phone calls, two of these agents independently told me that even if the buyer commissions the agent, the seller would have to pay half of the commission.
Personally, I find the whole thing very dubious, but in general, I don’t have a high opinion of this profession. What are your experiences with "agents with search orders," and where can I find comprehensible information about how the commission is regulated? Most sites only write about it when the seller hires the agent....
We are currently selling our condominium - without a real estate agent.
Right after posting the advertisement, of course, a flood of agents got in touch. Half of them want to be hired by me. I either declined them or directly moved them to the "unwanted folder."
The second half have a search order. Allegedly clients who don’t want to search themselves or live elsewhere and therefore have hired the agent. Well, it might be worth it to someone. But how does the commission work in this case? I thought the purchaser pays principle would apply 100% here. However, in a few phone calls, two of these agents independently told me that even if the buyer commissions the agent, the seller would have to pay half of the commission.
Personally, I find the whole thing very dubious, but in general, I don’t have a high opinion of this profession. What are your experiences with "agents with search orders," and where can I find comprehensible information about how the commission is regulated? Most sites only write about it when the seller hires the agent....