Activity
Mon
Wed
Fri
Sun
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
What is this?
Less
More

Memberships

DIY Homebuyer Academy

143 members • Free

4 contributions to DIY Homebuyer Academy
Dual Agency question
I have a situation where I reached out to the seller of a listing and she said that she can't show the house unless we have signed a buyers agreement. I said I was concerned that the seller might not allow dual agency and the realtor said they were ok with it. I asked how the commission split on that worked because it my area 6% seller commission with 3% commission going to the buyer is common. She said she doesn't get paid anymore if she does dual agency. She said she can setup the broker agreement for just this one property. Does this sound legit?
1 like • Oct 30
@Mark Samaan there is no law demanding a buyer to sign a "buyers agreement" before seeing a property. In addition to it being a ridiculous "anti-trust" situation, it would rule out the possibility of a FSBO situation. BUT, I know many realtors are saying that just to make people sign with them. It is FRAUDULENT. and UNETHICAL. INSIST THEY SHOW YOU THE STATE LAW,,,not a brokers agreement.
0 likes • Oct 30
in other words, a buyer is NEVER required to sign ANYTHING to see ANY property that is for sale.
Comps
Hello, could you please do a step by step tutorial on how to use Zillow to find the value of a home? In my area inventory is low so it starts to get tricky finding comparable homes in the area or how much value should I add when comparing a home with different features. Also, can I ask a listing agent to show me their comps so I can compare with my comps? TIA
0 likes • Oct 30
Rebecca, do not use ZILLOW to get your comps if you want an accurate assessment. Zillow is an ALGORITHM,,and only has the info. it was fed from the county records and public info. which is incorrect at best. I've seen zillow estimates(estimates)fluctuate as much as $300,000 within a week. AND, if you have a unique home (amenities and upgrades), zillow doesn't take into any of that an accounting. ZILLOW IS A CMA. Current market analysis of the entire NEIGHBORHOOD, ACROSS THE BOARD LOOK ALIKE PROPERTIES ,,,a VANILLA ASSESSMENT. If you have a unique property that is upgraded and different from others in your neighborhood, LICENSED APPRAISERS MUST BY STATE LAW, AND USPAP GO OUTSIDE OF YOUR NEIGHBORHOOD AS FAR AS NECESSARY, AND BACK AS FAR AS 1-5yrs on sales, to find the appropriate , valid, valuation and comparables. GOOGLE: USPAP and go to your : Dept. of Regulatory agencies (for your state), REALESTATE DIVISION, and they will give you the state laws for your state for LICENSED APPRAISERS. REALTORS THINK THEY ARE APPRAISERS, AND LIE TO PEOPLE OUT OF IGNORANCE OR MALICE to manipulate sellers and buyers to their own agendas to put money in their pockets faster. THAT IS THE TRUTH OF IT. BEST OF LUCK. P.S. Use HOMES.COM/ REALTOR.COM/ and others to get your comp. information. Dont trust a realtor to do it.
Home-buying step-by-step process
We're first time home buyers, and the process of going without an agent is frankly pretty intimidating. (2.5-3% off the price is strong incentive to consider it though.) If we move forward without an agent, I really want to know the process inside and out. I want to know exactly what we need to do and when. Attached (in 2 file formats) is the result of my research efforts thus far. Is there anything that I'm missing, or that is inaccurate on here?
0 likes • Oct 30
thats the other thing with realtors here in Colorado. They (especially KW and EXP agents)and others,,,go AGAINST the new NAR rules, and DEMAND that a seller has to sign an agreement to include SELLERS AGENT COMMISSION ""AND"" BUYERS AGENT COMMISSION, telling sellers "its the law",,,which is a flat out LIE. In fact, NOW, since the NAR settlement, DECOUPLING ALL OF THE COMMISSIONS is what is demanded. And there is NO LAW IN ANY STATE OF THE UNION that addresses this and demands otherwise. TELL THEM TO PROVE IT if they insist. I promise they will go away. PLUS, KW's agents have INCREASED their commissions to 3.2%-4% for themselves, and demand sellers pay 3% to the buyers agent. Then want dual-agency. I SMELLED A RAT A LONG TIME AGO. THEN, KW's BLACKBALLS FSBO's......But thanks to Mike Chambers, (realtorshateme.com) in Colorado, its getting better for we FSBO's.
DIY Purchase & Sale Agreement
Any advice - When I ask the listing agent in MN for a copy of the standard form on a house we are looking to buy she says I would have to work with her via dual agency and pay her a 1.25% commission or via a facilitator role and still pay her a 1.25% commission. Is this accurate or is she pulling my leg? Is there a way to have an attorney draw you up a template offer letting that you could hold onto for a number of months and use when you find a house. Put in the terms you want by yourself.
0 likes • Oct 30
Your state Dept. of Regulatory Agencies, Real estate Division, can direct you where to get a state written sales agreement. "DUAL AGENCY" is bad business. The realtor cannot devote full measure to you or the seller. Dont get left out in the cold.
1-4 of 4
Sherry Mcgarity
1
4points to level up
@sherry-mcgarity-5673
just another realtor commission and lies hater....

Active 39d ago
Joined Oct 30, 2025
Powered by