would cooperate (2-2.5%) with an agent who brought someone who purchased the house. After a brief stint as FSBO, we realized that we need to hire an agent. One of the 3 agents brought a prospective buyer to our house within 48 hrs of reviewing our home for her CMA. Her client seems serious: our house is one of 3-4 that his wife will also review when she arrives in 2 weeks. Before the realtor showed the house to her client, I signed an FSBO open listing agreement stating that I would pay 2.5% of the price in commission if her current client purchased our home. Now, I would like to select this agent as our listing agent, but I am confused about how she will handle her active client. Can we keep the FSBO/Realtor agreement active for just that one client, but agree that she will split a 4% commission for any other sale involving a selling agent with her representing us? I could
Beth, you are the attacker.You didn't really apologize because you still said but out. And you are still saying what people can say and where they can say it.
Balaska -
I am sorry to keep involving you in this. Hopefully, since my e-mail address is readily available through this forum, these folks will begin to address me in another forum - separate from your account. I am sure that your Alaskan Realtor has been able to explain all of the variables to you, and that you are successfully moving forward with your transaction.
If anyone else would like to lambaste me in another forum, I will be happy to explain any contentions you may or may not have with me. I have apologized to both Mr. Rockinblu and Balaska. Sometimes we all have a bad day.
There are many formats under which I can be reached, all of them listed on this website. Go ahead and continue to "dish disfavor" upon me, I have big shoulders and am confident my customers and clients are LOL at the abuse I am receiving from those of you who would like to continue to attack someone whom you do not know, about a subject upon which you are undereducated.
Goodbye Balaska ... I wish you well in your transaction. Anyone else may take their swings in another forum.
Sincerely,
bethf
Beth, you are not the only one allowed to answer questions, if you can't treat people in a nice manner, you will not get any clients from this forum. I hope balaska does not contact you because I don't want him/her to think you are representitive of the professionals on this site. The only issue should be whether or not Rockinblu's answer is correct, if not then a correction would be needed and Rockinblu would surely and politly yield. Because he has manners and is trying to help someone, unlike you, who are just trolling for business.
nuff said
Mr. Rockinblu,
I apologize for asking you to not practice Real Estate without a license. The issues you bring up (dual agency, representation, etc.) are repetitive in different manners for clarity and discussed in length in Alaska statute. That is why I deleted my "less than explanatory" statements - they would confuse others that read them. I suggest that if you would truly like to assist Balaska, you provide him/her the opportunity to separate from this discussion and contact me directly. Beth@BethsValleyViews.com.
Balaska has a representative in Alaska. If you truly want to understand the difference between representation, dual agency and representing both the buyer and seller in a relationship/ real estate transaction in Alaska (which it appears you will discuss anyway), I suggest that you contact me directly: Beth@BethsValleyViews.com.
My answers to date have been short, pithy and allowed Balaska to directly discuss the issues with his/ her selected representative - which we are required to do before we ever get into a relationship with a customer/ client.
Thank you - beth fread
Beth,
For your information this is an open forum. A simple question was asked. I answered it with a link to professionals' opinions and information. Your implying of that I am practicing real estate needs to be backed up with some specifics. So put up or shut up.
Does or does not Alaska allow dual agency? My post was clear cut. It is not allowed in Alaska.
The link I provided had concise easy to understand info on what a dual agency is and what the option is. Sure the article is from 2005, but isn't it accurate? Oh, maybe you don't like the statement from it below.
"The new law is another blow to the practice of sub-agency, which has already been abolished in some states, but to which many long-time real estate agents cling with unfathomable passion."
Does a signed contract mean nothing to you? It seems obvious to me that if an agreement was reached and signed, it should be honored. It doesn't take a RE agent to understand that.
Next time fully read and understand the question and try to post an intelligible answer. Nice job of deleting your incoherent mess of answers, and furthermore leave Mrs. Rockinblu out of it
Balaska,
If I wasn't thorough enough in confusing you, I think Beth may have completed the job. You might want to read the article attached to this link> http://www.mortgagenewsdaily.com/172005_Alaska_Eliminates_Du
Balaska,
If it makes you feel any better Alaska prohibits dual agency. Your agent under a listing agreement can only get a commission on the listing side. It's doubtful that any difference that she would receive over her FSBO contract with you would be enough to have a disappointed client. She seems to actually care about her clients, as she actually showed one a house that probably fit his/her criteria even though it was a FSBO.
B
There is a big difference between a Realtor bringing a buyer to see your home, than obtaining an offer, negotiating the offer to acceptance, having the buyer do their inspections, having the property appraise for the agreed sale price, and closing escrow.
If you like this Realtor, and you want to sell your home, you need to know that it is a great deal of work to actually CLOSE ESCROW. All sellers like you think about is "we'll sell our home, close escrow, and take our money". And that is fair because you don't know what goes on behind the scenes.
It would be unlikely that this one buyer works out (at least I'd be very surprised) so why don't you see what happens. If I were you I'd want your Realtor to keep marketing your property to attract back up offers in case this one falls through.
And to add to my previous post, read the listing agreement very carefully to make sure that there isn't anything in it to indicate the agreement supersedes any other agreement. If you're not sure, have an attorney go over it.
OK Balaska,
As the agents don't seem to want to respond to your question I will. I will emphasize that I'm not an agent, and I really no nuthin. However, lets set up a different scenario. Lets say you listed with an agent first. Then after your signing of the agreement your neighbor who has been telling you for years how much they would love to have your house makes an offer. You then came on this board and asked if you still owed the full commission, what do you think the majority of responses would be?
http://www.trulia.com/voices/Home_Selling/HOUSE_IS_LISTED_WI
In your case, I think a deal is a deal. The agent signed an agreement on that buyer.
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