May 18, 2018

MLS: “Buyer’s Agent Commission = 22.7%” (How Much?!?)

Realtor Typo’s — Exhibit A Notice anything amiss in the just-listed Wayzata condo? Realtors will. That’s because, instead of the standard 2.7% payout — the commission offered to the Buyer’s agent — the listing broker is promising to pay a whopping 22.7%(!!). Here’s guessing that that gets corrected in the next few hours . ....
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Did the Homeowner Just Capitulate? Reading Into a Ginormous Price Reduction

Sellers Who “Fall on Their Sword” (or, Did They??) Even in a Seller’s market, not all homes are destined to sell in multiple offers — or at all. When that’s the case, assuming the Seller is genuinely motivated to sell, and the home is already optimally prepped, staged, marketed, etc., a price reduction is indicated....
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Home Seller Disclosure & Cannabis

Marijuana Multiple Choice [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As a Realtor, how do you know that legalized cannabis (marijuana) is officially a thing — even in...
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Listing Agent: “I’m Presenting Offers Tomorrow Night at 6 p.m.”

Seller Semantics “As I am smoking . . . I don’t expect to be thanked.” —What John Hurt’s character ” in “Love and Death on Long Island” (1997) ” says to the cab driver, when the latter points to the cab’s “Thank You For Not Smoking” sign, and asks Hurt to extinguish his cigarette. Shortly after showing their client a new-on-the...
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