Attending w/o a Broker
Started by Corsair
almost 11 years ago
Posts: 20
Member since: Feb 2011
Discussion about
I had a question about attending an open house without a broker (buyer's). Does it create any problem later regarding bringing in my own broker into the process if I want to make an offer on the property in so far as their 'cut' of the commission? Also, if a property is by appointment only, is there any problem with calling and making an appointment w/o a (buyer's) broker. Will I be deemed a less serious buyer or not worth broker's time? Not talking about a prestige properties, but UWS $1.8m-$2.5m type properties. Wife and I want to start poking around on our own to get a sense of how serious we may be about an upgrade, but if we see something we really like, don't want to limit our options. Thanks
Attending an open house w/o your broker is commonplace. Most of my clients do it. I advise clients to designate me as their broker on sign-in sheets, so sellers’ agents will contact me instead of my client for follow-up (saving my clients time and providing them a degree of privacy). If the client likes the unit, I will have already been designated and will then engage the seller’s agent in discussions. If a showing is by appointment only, it is better to have your broker make the appointments for you so that there is no question that you are represented; but in many deals on the UWS, you can typically bring in a broker at any time prior to making an offer and your broker will still earn a commission. I am typically brought in and designated early on by my clients, but I have been brought in as late as the offer stage and have never had an issue collecting a commission (and sharing it with my clients). However you decide to approach it (with a broker or without), sellers brokers will still see you as serious, and you won’t limit your options.
Dan Gotlieb
Digs Realty
digsrealtynyc.com
Up to 2% cash back for homebuyers