After agreeing to a purchase price on one my listings I received a fax from the buyer’s agent. It read as follows:
Before faxing over the counter offer #2, I am to request 3%
commission. With the market condition, we can help our client to find
quality home for lower price, plus 3% commission. We did our best to sell
your home, and ask for only half percent more. Would you rather pay $x,xxx
extra, and close it within 30 days?
Please fax over your adjustment of 3%, so we can move forward.
Since when does the agent dictate the terms for his buyers and apparently without their knowledge? Clearly, in every profession there are low life participants who only think about making an extra buck even if it hurts the client they are supposedly serving. By the way in this case the scum sucker is a lender who is making a second fee for putting the loan together.
Since when does the agent dictate the terms for his buyers and apparently without their knowledge? Clearly, in every profession there are low life participants who only think about making an extra buck even if it hurts the client they are supposedly serving. By the way in this case the scum sucker is a lender who is making a second fee for putting the loan together.

2 comments:
That's definitely a violation of NAR's code of ethics (I was reading it the other day, and you should be able to find where it prohibits this).
You might also run it by Metrolist and have your broker talk to the agent's broker. I believe it's probably also a violation of MLS rules.
That one's a major no-no.
Yeah, sure enough -- check out the Code of Ethics, Standard of Practice, Section 16-16. Also metorlist rules, section 9.5 (though see the caveat in there):
http://www.sacrealtor.org/documents/about/mlsrules2.pdf
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