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RE: For Sale By Owner (FSBO) versus Realtors and their strange reluctance to bring prospective buyers despite the notice of a Buyers Agent Courtesy (BAC) fee.
Would someone mind enlightening me on the following subject please?
For example, I recently asked an experienced realtor why she and other local realtors have not contacted me during the last 31 days I've had my home listed as a For Sale By Owner. The web site for my home has received more than 1600 hits, the flyers go missing (a good thing), but the reply I received from the Realtor was the following (verbatim):
"Honestly, realtors do not relish working with FSBO's. Just between you and me the realtor ends up doing both sides of the transaction for half the commission they would make if they listed it and sold it themselves.
I too do not go out of my way to show FSBO's because usually the transactions are difficult and unorganized..." – L.F. (Licensed Realtor)
I could hardly believe my eyes when I read this. If this realtor or any for that matter brings me a buyer, they stand to earn a cool $5,000 for doing so as part of my agreed BAC of .02%.
What's so bad about that?
Our five acre farm is not in a "hot" part of the Oregon Market. It's located in a rather depressed county in NW Oregon (Columbia County).
You would think these realtors out here would take what they can get because other homes ( most less desirable in our price range) languish on the RMLS for months on end.
Are buyers agents doing their clients a disservice when they intentionally neglect to share with them information about listings just because they are FSBO's?
Thank you for listening.
Bottom Line...........RE agents ALWAYS work for the buyers! If they are hungry for commissions, they will use what they know from their sellers and low ball them to the buyers every time!.......just to close a deal and put money in their greedy pockets! If they aren't hungry for commissions (rare), they will low ball you anyway so they can move on to someone else and focus their energy on them. They always want to close them fast..........cause that's just good business practices. That formula is however, not good for the sellers.
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