Comments on: The “Goldilocks” Principle http://raincityguide.com/2006/10/05/the-goldilocks-principle/ Seattle's Leading Resource for Real Estate Information Sat, 20 Mar 2010 16:58:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322831 ARDELL Fri, 01 Aug 2008 20:21:07 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322831 Without co-op fees...there IS no mls. I'm not ready for NO mls at all...not yet anyway. Without co-op fees…there IS no mls. I’m not ready for NO mls at all…not yet anyway.

]]> By: ARDELL http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322829 ARDELL Fri, 01 Aug 2008 20:19:53 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322829 Let's stop talking about "the agent" and let's start talking about "the buyer". Forcing ALL to sign a contract to see a house is just not going to happen, nor should it. End of story. Absolutely the buyer should be able to CHOOSE any agent that they want...but not three at once for the same property :) When they choose two or three in succession on the same house, then Procuring Cause is needed or we can't have an mls system...and that would serve no one. Let’s stop talking about “the agent” and let’s start talking about “the buyer”. Forcing ALL to sign a contract to see a house is just not going to happen, nor should it. End of story.

Absolutely the buyer should be able to CHOOSE any agent that they want…but not three at once for the same property :) When they choose two or three in succession on the same house, then Procuring Cause is needed or we can’t have an mls system…and that would serve no one.

]]> By: New Homes in Marietta, Georgia http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322815 New Homes in Marietta, Georgia Fri, 01 Aug 2008 19:19:38 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322815 If the buyer chooses an agent based on a rebate, that is their choice. However, for showing agents who do not offer rebates, they should be prepared to protect themselves with a BBA that specifies compensation regardless of what the buyer does. The showing agent should not rely on co-op fees, but rather their BBA. If the buyer chooses an agent based on a rebate, that is their choice. However, for showing agents who do not offer rebates, they should be prepared to protect themselves with a BBA that specifies compensation regardless of what the buyer does. The showing agent should not rely on co-op fees, but rather their BBA.

]]> By: ARDELL http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322810 ARDELL Fri, 01 Aug 2008 19:02:19 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322810 I don't see the trend moving to all buyers signing agreements to see property...not from the consumer side of things...nor do I support that at present. Back in 98 I freaked out when CA tried to remove PC for this reason and NAR apparently heard all the screaming and moved in and stopped a law that would make it so. The change would have been that whomever had the buyer agency agreement would get paid, same as listing agent. That would have produced a slew of agreements sitting in a drawer and agents who just collected fees and did nothing else at all to assist the buyer (in exchange for a rebate, of course). The world is not positioned to that end, ...uh...sorry don't know your name. And I don't see buyers moving in that direction. I have never had to "protect myself" from my buyer clients. If you need to "protect yourself", they probably aren't "your clients" and no paper is going to make that so, nor should a buyer be pressured to sign a contract just to view a property that is for sale. I don’t see the trend moving to all buyers signing agreements to see property…not from the consumer side of things…nor do I support that at present.

Back in 98 I freaked out when CA tried to remove PC for this reason and NAR apparently heard all the screaming and moved in and stopped a law that would make it so. The change would have been that whomever had the buyer agency agreement would get paid, same as listing agent.

That would have produced a slew of agreements sitting in a drawer and agents who just collected fees and did nothing else at all to assist the buyer (in exchange for a rebate, of course).

The world is not positioned to that end, …uh…sorry don’t know your name. And I don’t see buyers moving in that direction.

I have never had to “protect myself” from my buyer clients. If you need to “protect yourself”, they probably aren’t “your clients” and no paper is going to make that so, nor should a buyer be pressured to sign a contract just to view a property that is for sale.

]]> By: New Homes in Marietta, Georgia http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322809 New Homes in Marietta, Georgia Fri, 01 Aug 2008 18:56:58 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322809 By "showing agent", I meant the agent who is driving the buyer around, not the listing agent. By “showing agent”, I meant the agent who is driving the buyer around, not the listing agent.

]]> By: New Homes in Marietta, Georgia http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322808 New Homes in Marietta, Georgia Fri, 01 Aug 2008 18:52:53 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322808 Good points, Ardell. Those are pretty much my thoughts, too. Although, a showing agent should protect themselves with buyer-brokerage agreements. If a buyer will not commit, the agent is taking a huge chance of not being compensated -- and is nothing more than an escort. Good points, Ardell. Those are pretty much my thoughts, too.

Although, a showing agent should protect themselves with buyer-brokerage agreements. If a buyer will not commit, the agent is taking a huge chance of not being compensated — and is nothing more than an escort.

]]> By: ARDELL http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322807 ARDELL Fri, 01 Aug 2008 18:25:47 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322807 I do agree that Procuring Cause should stop hearing disputes initialed by the listing agent wanting to be the buyer's agent or get the buyer agent fee as the seller's agent. I do agree that Procuring Cause should stop hearing disputes initialed by the listing agent wanting to be the buyer’s agent or get the buyer agent fee as the seller’s agent.

]]> By: ARDELL http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322806 ARDELL Fri, 01 Aug 2008 18:24:45 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322806 I don't agree that you can get rid of procuring cause to resolve disputes between two agents chosen by the buyer. If the buyer works with an agent and then gets another one just to "write the offer" for a rebate...there has to be a means to resolve that problem. I don’t agree that you can get rid of procuring cause to resolve disputes between two agents chosen by the buyer. If the buyer works with an agent and then gets another one just to “write the offer” for a rebate…there has to be a means to resolve that problem.

]]> By: New Homes in Marietta, Georgia http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322794 New Homes in Marietta, Georgia Fri, 01 Aug 2008 17:26:20 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-322794 "But overnight I realized that the buyer pays the commission…no question." Exactly! That is why procuring cause should be eliminated. If the buyer is paying commissions, why should they ever be denied their own agent? “But overnight I realized that the buyer pays the commission…no question.”

Exactly! That is why procuring cause should be eliminated. If the buyer is paying commissions, why should they ever be denied their own agent?

]]> By: The Consulting Times Professional http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-115930 The Consulting Times Professional Thu, 29 Mar 2007 00:37:10 +0000 http://raincityguide.com/2006/10/05/the-goldilocks-principle/#comment-115930 <strong>A Perspective On Commissions...</strong> The traditional model is broke because "one size does not fit all." The traditional commission model has no relationship to effort and expense across a wide spectrum of property types, markets and price ranges.... A Perspective On Commissions…

The traditional model is broke because “one size does not fit all.” The traditional commission model has no relationship to effort and expense across a wide spectrum of property types, markets and price ranges….

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