Realtor using another realtor as listing agent
Is there any favourable reason or thinking behind a person who is a licensed realtor using another realtor in their brokerage as the listing agent?
- Last Updated:
- Mar 4th, 2021 12:13 pm
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- SCORE
- zachm89 [OP]
- Newbie
- Nov 6, 2013
- 23 posts
- 23 upvotes
- MISSISSAUGA
8 replies
- licenced
- Deal Fanatic
- Jul 3, 2011
- 6270 posts
- 3465 upvotes
- Thornhill
Yes,
e.g A conflict of interest exists for professional liability insurance purposes.
e.g A conflict of interest exists for professional liability insurance purposes.
- y2jversion1
- Deal Addict
- Dec 18, 2006
- 2006 posts
- 412 upvotes
- Markham
This, plus to separate the emotional aspect from the business side of selling their own property. I know several realtors who have done this.
Jay Rana |
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
- SunriseRealty
- Jr. Member
- Jan 9, 2021
- 125 posts
- 100 upvotes
Cry me a river.y2jversion1 wrote: ↑ This, plus to separate the emotional aspect from the business side of selling their own property. I know several realtors who have done this.
- y2jversion1
- Deal Addict
- Dec 18, 2006
- 2006 posts
- 412 upvotes
- Markham
O.K...SunriseRealty wrote: ↑ Cry me a river.
Jay Rana |
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
- oasis100
- Deal Fanatic
- Mar 27, 2004
- 6098 posts
- 3990 upvotes
- Toronto
insurance reasons
Full-time Realtor
- clydelee2020
- Member
- Dec 12, 2011
- 203 posts
- 224 upvotes
- Toronto
Optics, to protect themselves. Whatever the case I wpuldnt be using a realtor that I couldnt 100% trust as there are so many realtors out there to choose from (some in my family and circle of friends).
- Hairball
- Deal Fanatic
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- Jan 14, 2004
- 9662 posts
- 745 upvotes
- Markham
I had bid on a property owned by an agent, and she was sloppy about timelines and unrealistic about the price she can get. I think she wasn't an active agent so perhaps was a bit out of touch. The house was in rough condition (scratched up floors, holes in the walls, etc), the pictures were horrendous, it looks like hiring someone else probably could've gotten the house sold.y2jversion1 wrote: ↑ This, plus to separate the emotional aspect from the business side of selling their own property. I know several realtors who have done this.
We went in with an overpay offer (in our perspective) but they countered with even more because a nearby one sold for her target price, but it was in far better shape and better maintained. It then became haggling over a few thousand and we just walked away because it seemed to be a poor decision on our part, so we were glad to actually get away.
It's still listed right now.
- y2jversion1
- Deal Addict
- Dec 18, 2006
- 2006 posts
- 412 upvotes
- Markham
It's human tendency to not be objective when it's your own item that you're selling, plus there can be a tendency of providing too much information or letting emotion slip into the negotiations (offended at price etc) - which is why many will use a colleague from their own brokerage or team to represent and negotiate on their behalf, to not potentially jeopardize the deal. It differs from agent to agent obviously, but from the few that I've spoken to as to why they did this - it was for the reasons I mentioned.Hairball wrote: ↑ I had bid on a property owned by an agent, and she was sloppy about timelines and unrealistic about the price she can get. I think she wasn't an active agent so perhaps was a bit out of touch. The house was in rough condition (scratched up floors, holes in the walls, etc), the pictures were horrendous, it looks like hiring someone else probably could've gotten the house sold.
We went in with an overpay offer (in our perspective) but they countered with even more because a nearby one sold for her target price, but it was in far better shape and better maintained. It then became haggling over a few thousand and we just walked away because it seemed to be a poor decision on our part, so we were glad to actually get away.
It's still listed right now.
Jay Rana |
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage