As the saying goes - once you let the cat out of the bag, it goes wherever it wants. To this point, click over to read Greg Swann's blog about "the home-buyer’s place at the table". The essay details ideas for homebuyers and Realtors to adopt when working together as a team. The basic theme is telling the homebuyer to be aware of costs in a transaction and always ask “How much do you charge?”.
Among other suggestions and ideas Greg makes mention of a “secret” field displayed in some MLS systems. Telling his readers that "listings you find on Realtor web sites or on Realtor.com" do not detail the co-broke / commision field — it is kept concealed.
Why is the co-broke field kept concealed from the homebuyer view in MLS systems? Overly restrictive? Pro-competitive? Anticompetitive?
What would change if the homebuyer was able to view the "secret" fields that some MLS systems keep concealed?
compensation for buyer representation
Wednesday, October 04, 2006
The Cats Out Of The Bag
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