Wednesday, September 14, 2011

Does it matter what company an agent is with?


"Skip, does it matter what company an agent works with?"  Yes!  An agent will only be as flexible as the brokerage he works with.  You may ask, "Why do I care?"  Well, for instance, if the Brokerage only allows the agents to split the commission on the MLS to the cooperating brokerage, let's just say at 2.5%, even if you agree to list at 7% or 8%, then that would be a bad deal for you.  Or, what if the brokerage requires a transaction fee ranging up to $500 dollars--which the agent can't change.  There are a lot of things the brokerage that an agent works with may impose that will affect the client in adverse or positive ways.  If the brokerage is supportive on training and new technology, then your agent will remain on the cutting edge--allowing him to service your needs at the highest level possible.  Does the brokerage impose a large fee to withdraw the contract?  Does the brokerage charge a fee to the buyers to submit a contract?

"So, what are you saying?  Should I pick an agent based on the Brokerage they work with or by how much I like the agent?"   Well...BOTH!  You need to love your agent, and you need to understand his brokerage and the limitations they have set on the agents they have chosen to work with.  If you don't like the arrangement...find a new agent.  

Grace & Peace...

Skip Geiser
(850) 221-6442
www.SkipGeiser.com
SkipGeiser@live.com
The Geiser Team with Main Street Properties

 

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