{"id":17242,"date":"2020-10-04T11:52:54","date_gmt":"2020-10-04T18:52:54","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17242"},"modified":"2020-10-05T05:04:47","modified_gmt":"2020-10-05T12:04:47","slug":"a-sunday-sermon-for-the-phoenix-ibuyers-do-not-bind-the-mouths-of-the-buyers-agents","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17242\/a-sunday-sermon-for-the-phoenix-ibuyers-do-not-bind-the-mouths-of-the-buyers-agents\/","title":{"rendered":"A Sunday sermon for the Phoenix iBuyers: \u201cDo not bind the mouths of the Buyer\u2019s\u00a0Agents.\u201d"},"content":{"rendered":"

\"\"

\u201cI was going to pay you this whole pizza, but instead I’m keeping a quarter of it for myself. Why? Because you can\u2019t spell sociopath without Ci, that\u2019s why.\u201d<\/p><\/div>I don’t list a lot, right now, but I have been working for years to list perfectly: Highest\/safest\/soonest offer in minimal Days on Market. I haven’t done my numbers in a while, but I’ve been under seven days, on average, for a long time, typically selling at or above Fair-Market Value. I sell bread-and-butter houses, and I sell them fast, for top-dollar, with no hassles and minimal showing-damage to the property.<\/p>\n

Because I have a listing right now, I am aware of the competition. Interestingly, I ran across listings from both Zillow and OpenDoor that significantly underpay Buyer’s Agents.<\/p>\n

Note well: Brokers are advised to avoid discussing commission rates amongst each other, since free speech and free assembly don’t count if you’re in business. Whatever. I certainly have the right to talk about commissions all alone.<\/p>\n

So first: I hate it that the Listing Agent pays the Buyer’s Agent. We say the seller does, but the lenders would never allow that, just as they don’t allow buyers to pay for their own representation. Instead, the seller pays the Listing Agent a lot more than he will typically earn, with half or more of that commission income going to the Buyer’s Agent. You say the buyer is getting representation. I say I am paying a brokerage fee: The price of the introduction. If you don’t see the Agency problem here \u2013 I am buying your fiduciary’s loyalty, aligning his interests with mine and my seller’s and against yours \u2013 the NAR would love to have you testify on its side in the upcoming lawsuit over this idiotic compensation scheme.<\/p>\n

But second: I Corinthians 9:7-10: \u201cDo not bind the mouths of the grunts on the ground who are delivering your dinner!\u201d Buyer’s Agents don’t work for their brokers, they work for Listing Agents. Freelance. On spec. They live on dreams and promises, too many of which don’t come true. They drive hundreds of miles a Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cI was going to pay you this whole pizza, but instead I’m keeping a quarter of it for myself. Why? Because you can\u2019t spell sociopath without Ci, that\u2019s why.\u201dI don’t list a lot, right now, but I have been working for years to list perfectly: Highest\/safest\/soonest offer in minimal Days on Market. I haven’t done […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,542,6,5,19,25],"tags":[],"class_list":{"0":"post-17242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-ibuyers","8":"category-marketing","9":"category-real-estate","10":"category-technology","11":"category-zillowcom","13":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18028,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18028\/overnight-news-if-ibuyers-sell-slowly-and-weakly-in-an-impossibly-easy-market-how-much-worse-will-they-do-when-the-worm-turns\/","url_meta":{"origin":17242,"position":0},"title":"Overnight News: If iBuyers sell slowly and weakly in an impossibly-easy market, how much worse will they do when the worm\u00a0turns?","author":"Greg Swann","date":"April 7, 2021","format":false,"excerpt":"Real estate is kids and dogs, but real estate sales is entrepreneurs. I was interviewed yesterday on the future prospects of the big-name iBuyers, whose numbers are everyday augmented by many, many no-name iBuyers. I'm a bear, of course. When the market turns, the slow-selling pontificating poindexters will discover why\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16626,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16626\/whats-your-new-ibuyer-strategy-steal-this-script-and-run-with-it\/","url_meta":{"origin":17242,"position":1},"title":"What’s your new #iBuyer strategy? Steal this script and run with it.","author":"Greg Swann","date":"August 21, 2020","format":false,"excerpt":"When I built iBuyerSpy.com, I had anticipated writing software that would have generated the main content of the site. This never happened. I ended up blogging there, which I should have done here \u2013 an error I am now correcting. By now, the big-foot iBuyers have switched to upselling traditional\u2026","rel":"","context":"In "iBuyers"","block_context":{"text":"iBuyers","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ibuyers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/ThaliaRelocated.jpeg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16839,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16839\/the-money-making-secret-to-real-estate-socialize-the-risks-to-the-seller-the-ibuyers-are-just-now-catching-that-clue-ineptly-as-always\/","url_meta":{"origin":17242,"position":2},"title":"The money-making secret to real estate? Socialize the risks to the seller. The #iBuyers are just now catching that clue \u2013 ineptly, as\u00a0always.","author":"Greg Swann","date":"August 31, 2020","format":false,"excerpt":"This has been a slow-rolling epiphany on the part of the iBuyers. I've snarked about it here and there, but that's all, so far. I wrote a ton about iBuying last Summer, but by now it all seems quite a bit less urgent. There are a lot more of them\u2026","rel":"","context":"In "iBuyers"","block_context":{"text":"iBuyers","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ibuyers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/tierra-mallorca-rgJ1J8SDEAY-unsplash-480x360.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18590,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18590\/overnight-news-gaming-artificial-intelligence-is-as-easy-as-selling-your-white-elephant-to-an-ibuyer\/","url_meta":{"origin":17242,"position":3},"title":"Overnight News: Gaming \u201cArtificial Intelligence\u201d is as easy as selling your white elephant to an\u00a0iBuyer.","author":"Greg Swann","date":"November 10, 2021","format":false,"excerpt":"Here's a true fact about iBuying: The sellers are gonophs. Home-sellers are often gonophs, of course, and, even if not, the information asymmetry runs all their way: Neither your Buyer's Agent nor your home inspector is likely to identify that semi-annual drainage problem. But many of the sellers who turn\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16987,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16987\/overnight-news-take-that-doubters-all-ibuyers-ever-needed-to-succeed-was-a-pandemic-rioting-and-a-buyer-feeding-frenzy-totally-sustainable\/","url_meta":{"origin":17242,"position":4},"title":"Overnight News: Take that, doubters! All #iBuyers ever needed to succeed was a pandemic, rioting and a buyer feeding-frenzy! Totally sustainable!","author":"Greg Swann","date":"September 12, 2020","format":false,"excerpt":"Redfin: Everything about the iBuyers is funny, especially their Special Olympics approach to self-congratulation. Whose listings sell last and worst? But who is delighted to have had a national feeding frenzy to clear their overpriced inventories? iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18457,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18457\/overnight-news-if-the-ibuyer-idea-is-any-good-whats-the-rush-to-go-public\/","url_meta":{"origin":17242,"position":5},"title":"Overnight News: If the iBuyer idea is any good, what\u2019s the rush to go\u00a0public?","author":"Greg Swann","date":"September 7, 2021","format":false,"excerpt":"As a matter of news, OfferPad went public last week \u2013 meaning none of the iBuyers are now backed by wide-awake entrepreneurs, just pie-eyed punters. The \"offering\" was done by Wall Street chicanery to avoid even the casual due diligence white-shoe investors normally do. But, of course, no due diligence\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17242"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17242\/revisions"}],"predecessor-version":[{"id":17247,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17242\/revisions\/17247"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}