{"id":487,"date":"2006-09-29T17:25:29","date_gmt":"2006-09-30T00:25:29","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=487"},"modified":"2007-07-16T21:09:01","modified_gmt":"2007-07-17T04:09:01","slug":"butterflies-might-be-free-but-home-buyers-pay-for-real-estate-advice-whether-they-know-it-or-not","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/487\/butterflies-might-be-free-but-home-buyers-pay-for-real-estate-advice-whether-they-know-it-or-not\/","title":{"rendered":"Butterflies might be free, but home-buyers pay for real estate advice — whether they know it or not . . ."},"content":{"rendered":"

Ardell raises some questions at Rain City Guide<\/a> about my column in this morning’s paper on negotiating the buyer’s agent’s commission<\/a>. I’m going to address some of her remarks here, but my fullest statement on the topic is quite a bit more comprehensive<\/a>. In the newspaper, I get 350 words a week, with the result that I am splitting this one topic over 5 (or possibly more) weeks. I’m thinking, too, that we should create a category for these weblog posts, because both Cathy and I are writing quite a bit on the subject.<\/p>\n

And thus to Ardell’s points:<\/p>\n

“I find that most consumers would like we in the industry, to lead the revolution and win that battle for them, rather than being involved in the process of that change in the industry.”<\/b><\/p>\n

I’m sure that would be nice, but I don’t expect it to happen that way. One of the reasons agents are so close with the co-broke information is that they’re giving up so much on the listing side. Buyers are the last sheep to be shorn — even though buyer representation is getting easier, not harder, and even though the prices of homes have risen dramatically over the years.<\/p>\n

I don’t see any way for this to change across the board without buyers becoming educated and putting their education to work. One market segment who could help a lot are the For Sale By Owner sellers. They could implement my idea of conceding funds directly to the buyer, to be used at the buyer’s discretion for representation or other costs, with none of the risks a listing agent might face.<\/p>\n

“Has anyone seen the Buyer Agent fee show on the Buyer’s Closing Statement when the transaction closes?”<\/b><\/p>\n

This is the only way a HUD-1 is produced in Arizona. If it’s not being done that way in Washington — one HUD-1 for everyone — I can’t imagine why. In any case, the buyer can negotiate for full disclosure of all funds.<\/p>\n

“Seller pays his agent and buyer pays his agent, is the only rational answer…”<\/b><\/p>\n

But it’s not actually true. For a represented home, the seller sets Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ardell raises some questions at Rain City Guide about my column in this morning’s paper on negotiating the buyer’s agent’s commission. I’m going to address some of her remarks here, but my fullest statement on the topic is quite a bit more comprehensive. In the newspaper, I get 350 words a week, with the result […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_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":"","jetpack_post_was_ever_published":false},"categories":[3,4,7,6,5],"tags":[],"class_list":{"0":"post-487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-enduring-interest","9":"category-marketing","10":"category-real-estate","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10403,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10403\/me-and-kjzz-whats-up-with-the-real-estate-market-tune-in-wednesday-to-hear-my-take-on-the-topic\/","url_meta":{"origin":487,"position":0},"title":"Me and KJZZ: What’s up with the real estate market? Tune in Wednesday to hear my take on the topic","author":"Greg Swann","date":"November 24, 2009","format":false,"excerpt":"I will be on KJZZ radio (91.5 FM) in Phoenix tomorrow from 11:30 am to Noon. I'll be talking about the state of the real estate market, the impact of the real estate tax credit and the flow of international buyers into the Phoenix market. I think there will be\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1143,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1143\/the-carnival-of-real-estate-investing\/","url_meta":{"origin":487,"position":1},"title":"The Carnival of Real Estate Investing…","author":"Greg Swann","date":"March 13, 2007","format":false,"excerpt":"...is up at RE Agent in Connecticut. This week's winner? Our own Michael Cook with Real Estate Investment Theories that can Actually Help You Make Money. Michael has been an outstanding addition the the BloodhoundBlog roster. This is his second win at the Carnival of Real Estate Investing. If you\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":317,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/317\/nine-911-links\/","url_meta":{"origin":487,"position":2},"title":"Nine 9\/11 links . . .","author":"Greg Swann","date":"September 11, 2006","format":false,"excerpt":"Gaping void: Douglas Heddings at True Gotham isn't writing about real estate today, and I understand and respect his reasons. It's business as usual here today, but also for a 9\/11 reason. I didn't show for 29 days in a row after the attacks. You could say it's a testament\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":640,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/640\/meeting-russell-shaw-it-turns-out-there-is-no-topic-of-conversation-except-real-estate\/","url_meta":{"origin":487,"position":3},"title":"Meeting Russell Shaw: It turns out there is no topic of conversation except real estate . . .","author":"Greg Swann","date":"November 15, 2006","format":false,"excerpt":"Years ago, when I lived in Boston, I knew a computer programmer who had no interest in computers outside of work -- not even to use, much less play with. I thought this was so weird, because my work completely dominates my attention. It's all I think about, it's all\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":3089,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3089\/number1expert-re-launches-as-number2expert\/","url_meta":{"origin":487,"position":4},"title":"Number1Expert Re-Launches as Number2Expert","author":"Eric Bramlett","date":"May 11, 2008","format":false,"excerpt":"In a surprise move, website template provider Number1Expert has announced plans to rebrand as Number2Expert. This decision came following their inclusion of Trulia widgets on the myhomes.asp pages of all of their client sites. Here\u2019s an example. When asked about the decision, a spokesman said, \u201cTo date, our clients are\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":352,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/352\/howling-about-real-estate-on-the-radio\/","url_meta":{"origin":487,"position":5},"title":"Howling about real estate on the radio . . .","author":"Greg Swann","date":"September 19, 2006","format":false,"excerpt":"I will be one of the guests on tomorrow's broadcast of KJZZ's Here and Now radio program. One of the big names of Phoenix real estate analysis will be there, as well, either R.L. Brown or Elliott Pollack. ASU's Dr. Jay Butler cannot be there, more's the pity. Jay Thompson,\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\/487","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=487"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/487\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}