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 . ....Read More
“The Overpriced Factor,” “The Hassle Factor,” Etc. Non-Realtors may be inclined to believe it’s some kind of conspiracy. But, in reality, there are multiple, rational reasons that experienced Buyers’ agents seldom show For Sale By Owner homes (“FSBO’s”). Here are just a couple: –FSBO’s are invariably mispriced (want to guess which direction??). –They’re poorly staged and...Read More
Twin Cities Fall Parade of Homes Organized by builders and remodelers to show off their latest projects, the Fall Parade of Homes can also be the cause of some glitches between Buyers and their Realtors. Especially if the Realtors didn’t know their clients were looking for a new home. When a client goes through the builder’s open house...Read More
Awkward Legal Construction One of the more confusing parts of the standard Minnesota Buyer Rep agreement — the contract governing the relationship between a home Buyer and their Realtor — is the two-part section discussing compensation. The first part states that the Buyer will pay the agent a to-be-specified retainer fee. That sure would be nice ....Read More
