Fred Griffin: Every Buyer Needs His/Her Own Representation To Be Treated Fairly!!!

Every Buyer Needs His/Her Own Representation To Be Treated Fairly!!!

     Will You the Buyer be treated "Fairly" by the Listing Agent or the Agent for a Builder?  Don't kid yourself! 

     Listen to what this Builder's Agent has to say:

     "We are Listing Agents for the Builder.  We often have Visitors to our Open Houses who do not have and do not want to use a Buyer's AgentThose Buyers are going to pay Full List Price and Top Dollar for all the Extras and Upgrades!"

      It is the Builder's Agent's job to Sell you the Buyer the Extras and the Upgrades.  The Listing Agent has a responsibility to make as much money for the BUILDER as possible.  There is “NO FAIRNESS” to the Buyer!  If the Buyer wants to be treated "Fairly", they must have proper representation; they need a Buyer's Agent!

 

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This morning I read a post written by Mona Gersky titled “Buyer Agency Explained-Working with Real Estate Agents in NC” and I thought I’d share my thoughts on this topic.  Mona mentioned and I quote All agents (Seller's Agents & Subagents included) owe Buyers honesty, fairness and material facts about properties.”

We are listing agents, and much of our focus is on new construction.  We often have visitors to our open house events who do not have and do not want to use a buyers’ agent.  Those are the buyers who will be paying full list price and top dollar for all extras and upgrades. 

It’s the listing agent’s job to “sell extras.”  It’s the listing agent’s responsibility to make as much money for the builder as possible.  It’s the listing agent’s duty to make sure that builder has received top dollar for each and every extra. 

There is “NO FAIRNESS” to the buyer if the buyer is working without proper representation.  There is “NO FAIRNESS” if the buyer does not want to include a buyers’ agent in the equation.  There is “NO FAIRNESS” to the buyer by a listing agent.  The listing agent’s loyalty is to the seller and only the seller. 

Any buyer who thinks the listing agent will be fair is mistaken, if the listing agent is doing his/her job properly.  The listing agent’s job is to make sure the seller/builder has received the most money in the shortest period of time.  Period!!  This is not a gray area.  All buyers need their own representation. 


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Frederick Griffin, Licensed Florida Real Estate Broker    850-545-1901

 

Disclaimer:  Nothing in the above blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comment balloon 7 commentsFred Griffin • July 24 2013 04:44PM

Comments

Fred,

You are correct. There must be a dividing line in order to insure all parties are properly represented. 

James 

Posted by James S. about 4 years ago

Fred, so many buyers think the only agents that can sell a home is the listing agent and some buyers think if they use the listing agent they will get a better deal.  Barbara does a wonderful job illustrating just how wrong these buyers thoughts are.

Posted by Kathy Stoltman, Ventura County Real Estate Consultant 805-746-1793 (Rockwood Realty) about 4 years ago

I think we have a duty if not ethicial duty to treat all folks Honestly.

Posted by Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl. (Charles Stallions Real Estate Services ) about 4 years ago

Fred, Sometimes buyers do not want to sign an agreement and have representation, sometimes they do not want to commit to an agent, which is a mistake, they should have representation.  Thanks for sharing.

Posted by Christine OShea (RE/MAX Realty Select) about 4 years ago

Buyers of newly constructed homes need to represented by a Realtor! I have seen and averted things that should not happen with new construction!

Posted by Sussie Sutton, UTR TEXAS Realtors - Rep for buyers and sellers. (UTR Texas Realtors) about 4 years ago

Indeed buyers purchasing a new construction home definitely needs a Realtor... I can't imagine any buyer doing this themselves, but alas they do!

Posted by Rebecca Gaujot, Lewisburg WV, the go to agent for all real estate (Perry Wellington Realty) about 4 years ago

Fred,

 We at David Weekley treat everyone fairly if you want extras yes you have to pay for them whether new or resale. However I always tell everyone you do not get an extra discount for not having an agent so why not?

Posted by Yolanda Cordova-Gilbert, Sitterle Homes (Sitterle Homes) about 4 years ago

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