Reply to How common is it for buyers to get part of the commission?

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[quote=Anonymous][quote=Anonymous]^^ The problem is that it is really hard to know the good agents from the bad. And many "good" agents don't save their client money, but just encourage them to overbid.

Just yesterday, I got an alert about a house that sold for well above asking, which it shouldn't have (I study the areas I am looking at very closely). When I see an agent get a good or bad deal for a buyer, I always make sure to look up the agent. I looked up this agent's past ten transactions representing the buyer, all of which happened this year, and in each one, the buyer paid at least 5% over asking. Maybe that was justified in every instance, but I doubt it.

It really would be nice to know which agents give their clients good advice, know the inspectors who find structural issues, etc. But it's not. And even going off word of mouth is tricky -- the agent I'm referring to above gets great reviews. [/quote]

It is often necessary to pay over ask to get a home in the DMV. I'm not sure that your speculation about the agent is warranted although it may be. However, I do completely encourage people to write truthful reviews about their experiences with agents who were incompetent or bad in whatever way. It's really the only way to protect other people from having a bad experience too. [/quote]

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