What is illegal? A limited agency? Not illegal or technically unethical

May 29, 2020
9:43:51am

YSMACK Truly Addicted User

At least not according to their code of ethics. Personally, I think it should be both illegal and a violation of professional conduct, but alas ...

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YSMACK

Bio page: YSMACK
Joined: Oct 29, 2001
Last login: May 28, 2024
Total posts: 52,074 (3,173 FO)

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Messages

Author

Time

Hey all, I'm looking at buying a new home - Is this correct?

Tuss

5/29/20 8:55am

Your price stays the same if you have an agent or not. But the builder won't pay the 3% realtor commission unless the

RdF3

5/29/20 8:57am

Sounds like Tuss needs to get his realtor's license so he can collect a 3% commission on his own house

KingDave

5/29/20 8:59am

They're saying that if your buyer's agent doesn't come with you, they won't be paying a buyer's agent fee.

Pimpin4Paradise

5/29/20 8:57am

<< Deleted >>

Sandstone Cougar

5/29/20 8:58am

Thanks all - It just sounds crazy to me that I can't even walk through a model

Tuss

5/29/20 9:02am

you can, just don't give your real name, address or phone number

Nat Gas Man

5/29/20 9:29am

That's not enforceable. It is a scare tactic.

Baron

5/29/20 8:59am

<< Deleted >>

Sandstone Cougar

5/29/20 9:01am

I mean that they can't enforce that you can't have realtor at negotiations later

Baron

5/29/20 9:04am

<< Deleted >>

Sandstone Cougar

5/29/20 9:07am

The language specifically states you can't have them at negotiations. You can.

Baron

5/29/20 9:10am

<< Deleted >>

Sandstone Cougar

5/29/20 9:23am

That is why I said it is not enforceable.

Baron

5/29/20 9:31am

The part about refusing an agent at negotiations is not enforceable.

YSMACK

5/29/20 9:35am

Yes that is just negotiation. I shouldn't have said scare tactic. That was wrong

Baron

5/29/20 9:39am

True. And most real estate lawyers know way better.

YSMACK

5/29/20 9:41am

YSMACK

5/29/20 9:02am

We purchased a new home and got a 3% discount from the builder for not having

sortsol

5/29/20 9:01am

This is very uncommon

Kelbob

5/29/20 9:12am

Then I'll consider myself lucky!

sortsol

5/29/20 9:17am

Actually, lots of builders will do this if you ask.

displacedute

5/29/20 9:29am

Lots of small, independent builders maybe.

YSMACK

5/29/20 9:36am

This was a while back, maybe 2010ish, but he said it was pretty easy to get.

displacedute

5/29/20 12:28pm

They're not supposed to.. The builders often have a RE Agent sales person

BlueBlitzkrieg

5/29/20 9:41am

What is illegal? A limited agency? Not illegal or technically unethical

YSMACK

5/29/20 9:43am

The key is asking...very few will just offer it.

Kelbob

5/29/20 10:08am

Agreed. Why would they? Gotta negotiate a little bit.

displacedute

5/29/20 12:27pm

We did this back in 2009 in Texas. It was nice getting the 3%.

58DCougar

5/29/20 9:38am

The commission goes to the procuring cause of the transaction

YSMACK

5/29/20 9:01am

Don’t sign in. And when they ask you to sign in tell them you have an agent.

Acorn

5/29/20 9:06am

RE: Don’t sign in. And when they ask you to sign in tell them you have an

tippmancoug

5/29/20 9:08am

Hot tip- Our agent sold our house for free and got their 3% from the builder.

Artist

5/29/20 10:11am

I did the same thing a few years ago.

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