I have found in the majority of deals I do, listing brokers are more than happy to co-broke. Actually it has been my experience that they prefer it, even at the cost of a % of the commission. This is from a very senior broker at a big firm, thought some of you might find it interesting; "Thanks, you know -i'd rather do a co-broke then a direct. The owner wants to cut your commission to a cobroke... [more]
I have found in the majority of deals I do, listing brokers are more than happy to co-broke. Actually it has been my experience that they prefer it, even at the cost of a % of the commission.
This is from a very senior broker at a big firm, thought some of you might find it interesting;
"Thanks, you know -i'd rather do a co-broke then a direct. The owner wants to cut your commission to a cobroke commission-you do twice the work and its hard because you relate to both buyer and seller.
With a cobroke- its so much easier- and hey-you have to do the board package!"
http://ubivoletaudentunicornium.blogspot.com/ (link to my original post on this subject)
This in response to an email I sent letting an agent know that a buyer whom had contacted her directly about a listing, had now engaged me as their "Buyer-broker". I know this often comes up on the boards, certainly this is just one example and not the only opinion.
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Response by front_porch
over 14 years ago
Posts: 5316
Member since: Mar 2008
Well, I think the idea that a seller's broker sits around and eats bon-bons while the buyer's broker does the board package is a little utopian -- when we are hired by a seller to sell an apartment, we sell it, and that means bringing whichever buyer's broker is involved in the equation up to our board standards.
I'm not alone in this -- last couple deals where I've been a buyer's broker, the seller's broker has been involved in the package.
That said, yes, as a seller's broker, I'd generally rather co-broke with a good buyer's broker, because it takes the work of keeping the clients focused on the target property off my shoulders.
Keith I think I have a UWS 4-BR possibly coming on market in the next couple months, maybe then we can do our first deal together.
ali r.
DG Neary Realty
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Response by gcondo
over 14 years ago
Posts: 1111
Member since: Feb 2009
I like to see overpaid brokers complaining
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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008
I've found a good way to get my kids to try new foods is to make them very very hungry.
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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008
Opening doors and eating bon bons..... A true profession.
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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008
Oooooohhhhhhh. A pocket deal Ali!!!! Great let's do a deal bf it gets marketed to bring the best price!!!!
You fkinng self serving pos Borker. Lazy lazy lazy.
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Response by LocalSpecialist
over 14 years ago
Posts: 29
Member since: Apr 2008
Why waste time on the this question?
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Response by KeithB
over 14 years ago
Posts: 976
Member since: Aug 2009
The question is relevant because there are a number of posts on this board by buyers who feel they have a leg up without representation, because the listing broker will give the direct buyer preference.
There may be a number of reason a buyer prefers to be un-represented by a broker, I don't think preferential treatment by the listing broker is one of them (in the majority of cases).
I've tried to address some of the others with our business model.
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Well, I think the idea that a seller's broker sits around and eats bon-bons while the buyer's broker does the board package is a little utopian -- when we are hired by a seller to sell an apartment, we sell it, and that means bringing whichever buyer's broker is involved in the equation up to our board standards.
I'm not alone in this -- last couple deals where I've been a buyer's broker, the seller's broker has been involved in the package.
That said, yes, as a seller's broker, I'd generally rather co-broke with a good buyer's broker, because it takes the work of keeping the clients focused on the target property off my shoulders.
Keith I think I have a UWS 4-BR possibly coming on market in the next couple months, maybe then we can do our first deal together.
ali r.
DG Neary Realty
I like to see overpaid brokers complaining
I've found a good way to get my kids to try new foods is to make them very very hungry.
Opening doors and eating bon bons..... A true profession.
Oooooohhhhhhh. A pocket deal Ali!!!! Great let's do a deal bf it gets marketed to bring the best price!!!!
You fkinng self serving pos Borker. Lazy lazy lazy.
Why waste time on the this question?
The question is relevant because there are a number of posts on this board by buyers who feel they have a leg up without representation, because the listing broker will give the direct buyer preference.
There may be a number of reason a buyer prefers to be un-represented by a broker, I don't think preferential treatment by the listing broker is one of them (in the majority of cases).
I've tried to address some of the others with our business model.
Keith Burkhardt (broker)
The Burkhardt Group
I like the bonbons that have brandy in them.