{"id":323,"date":"2006-09-11T18:44:54","date_gmt":"2006-09-12T01:44:54","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=323"},"modified":"2006-09-11T18:45:05","modified_gmt":"2006-09-12T01:45:05","slug":"negotiating-buyer-representation-real-estate-is-probably-the-only-industry-that-doesnt-respect-fully-the-person-who-pays","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/323\/negotiating-buyer-representation-real-estate-is-probably-the-only-industry-that-doesnt-respect-fully-the-person-who-pays\/","title":{"rendered":"Negotiating buyer representation: “Real estate is probably the only industry that doesn’t respect fully the person who pays . . .”"},"content":{"rendered":"

On the general topic of buyer representation, Jim Duncan at Real Central VA has a post up about being very choosy about which clients he will take on<\/a>.<\/p>\n

Interestingly, Jim provides a link to a specimen copy of a Virgina Asscoation of Realtors Buyer Broker Exclusive Employment Agreement<\/a>.<\/p>\n

I think this is a fine idea. We make copies of all of the commonly-used Arizona buyer contract forms available on our web site<\/a>. Here is a link to a specimen copy of an Arizona Asscoation of Realtors Buyer Broker Exclusive Employment Agreement<\/a>.<\/p>\n

We are talking about how we might prepare this document differently, but for now we amend it as follows: The compensation listed on line 17 is “$10.00 or any mutually-agreeable sum.” The retainer fee on line 25 is “$0.00.” And at line 48 we add our standard firing clause: “This agreement will be terminated without recourse upon written notice by either party.”<\/p>\n

My essay on empowering the buyer to negotiate the fees for their own representation<\/a> is included in this week’s Carnival of Business at My 1st Million at 33<\/a>. Frugal accuses me of being unfocused, to which my sole retort is a diffused glare, but adds this:<\/p>\n

It really angers me that the sellers and the agents just don’t know who comes up with the loan or cash to pay their bills. Real estate is probably the only industry that doesn’t respect fully the person who pays.<\/p><\/blockquote>\n

I think that is beyond brilliant…
\n<\/p>\n

Technorati Tags: 9\/11<\/a>, blogging<\/a>, disintermediation<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

On the general topic of buyer representation, Jim Duncan at Real Central VA has a post up about being very choosy about which clients he will take on. Interestingly, Jim provides a link to a specimen copy of a Virgina Asscoation of Realtors Buyer Broker Exclusive Employment Agreement. I think this is a fine idea. […]<\/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":[3,4,6,5],"tags":[],"class_list":{"0":"post-323","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":681,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/681\/be-careful-what-you-sign-with-broker\/","url_meta":{"origin":323,"position":0},"title":"Be careful what you sign with broker . . .","author":"Greg Swann","date":"November 25, 2006","format":false,"excerpt":"This is me from yesterday's Arizona Republic (permanent link): \u00a0Be careful what you sign with broker When you sign a buyer-broker agreement with a Realtor, is there some law that says you must thereafter include that Realtor in the purchase of any home he or she showed you? Once you've\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":509,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/509\/ask-the-broker-is-a-buyers-agent-like-a-bad-penny\/","url_meta":{"origin":323,"position":1},"title":"Ask the Broker: Is a Buyer’s Agent like a bad penny . . . ?","author":"Greg Swann","date":"October 4, 2006","format":false,"excerpt":"When is a Buyer Broker Agreement abrogated, anyway?Is there a law stating that once your contract with your realtor is up that you must include them on the deal of the purchase of a home that they showed you?No such law. Feeling relieved? You can stop that right now. For,\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/874\/dual-agency-smack-down-arizona-association-of-realtors-general-counsel-michelle-lind-on-dual-agency\/","url_meta":{"origin":323,"position":2},"title":"Dual Agency Smack-Down: Arizona Association of Realtors General Counsel Michelle Lind on Dual Agency . . .","author":"Greg Swann","date":"January 8, 2007","format":false,"excerpt":"The Arizona Association of Realtors has just published Arizona Real Estate: A Professional\u2019s Guide to Law and Practice by Arizona Association of Realtors General Counsel Michelle Lind. I don't know what is planned for this book, but it is comprehensive enough to be used as one of the texts in\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/103\/location-location-location-refusing-dual-agency-puts-realtors-above-reproach\/","url_meta":{"origin":323,"position":3},"title":"Location, location, location: Refusing Dual Agency puts Realtors above reproach . . .","author":"Greg Swann","date":"July 19, 2006","format":false,"excerpt":"I may have stirred up a hornet's nest on the subject of No Dual Agency. Jim Duncan at Real Central VA posted his thoughts, and the sellsius\u00b0 real estate blog posted a round-up, asking Are Buyers Customers or Clients? From Arizona, taking a trip Back East is also taking a\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1453,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1453\/if-lenders-divorce-the-commissions-theyll-be-divorced\/","url_meta":{"origin":323,"position":4},"title":"If lenders divorce the commissions, they’ll be divorced","author":"Greg Swann","date":"May 21, 2007","format":false,"excerpt":"Jim Duncan issues a battle cry for divorced commissions:As a profession, we need to rid ourselves of Cooperative Compensation and the practice of the listing broker paying the Buyer's Agent. Cooperation between Brokers need not go away. In fact, without cooperative compensation, the practice of real estate representation will be\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":272,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/272\/escape-clause-would-help-all\/","url_meta":{"origin":323,"position":5},"title":"Escape clause would help all","author":"Greg Swann","date":"September 1, 2006","format":false,"excerpt":"This is me in today's Republic (permanent link), another chance at infamy:Escape clause would help all Believe it or not, this can be a rabble-rousing column. Sometimes I write about the perils of dual agency or why the buyer is actually paying for everything in a real estate transaction or\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/323","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=323"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/323\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}