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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When I bought a house 10 years ago, I had a reality.  I found it myself on redfin, showed up at the open house by myself, and had a second showing with a backup agent my realtor sent in his place.  The paperwork my realtor completed was repeatedly incorrect - luckily my attorney husband was able to catch/fix it.   My realtor was more than happy to show up at the closing, though.  Got his check!  [/quote]
yea, similar experience.

I found the house, and sent the link to my realtor. During negotiations, she didn't bother to call me and tell me what the counter was, and if we wanted to bump up our offer. I had to call her six hours later to ask her what was going on with the negotiations.  So, I told her to bump it up, and then they accepted.

I did all the leg work on that house.  The realtor for the second house we bought earned her paycheck, though.

We had another house we were trying to sell, and the guy was a complete waste.  We had zero interest in 2 years. Finally got a new guy, and we started seeing some requests.

DH didn't want to find a new agent to sell the house because the same guy helped him buy the house. I was like.. "no, we need to find a new realtor".  Don't stick with people who aren't doing the work for you.[/quote]

Same happened to me. I’m addition I learned my realtor worked with the sellers realtor to up the price beyond what the home was valued at. I had a bottom line price and it [b]turned out both realtors were colluding[/b]. I exited the market. [/quote]

Recalling the "reputation" arguments:

[quote] Like any other profession, a real estate agent's[b] long term prosperity is tied to their professional reputation[/b]. Therefore, doing a good job for their clients is an important part of what the agent needs to do. Therefore, an agent will want to take the factors you outlined above into account on their client's behalf. [b]Are there bad agents/bad apples out there? Of course.[/b]
[url=https://www.dcurbanmom.com/jforum/posts/list/180/1162658.page#26057139]previous poster [/url]
 [/quote]

The above is why reputation alone is insufficient, and transparent price competition matters. Schemes like the buyer broker commission protect bad agents/bad apples; they have no reputation incentive. The good agents/ good apples are incentivized by reputation, but are further incentivized by unconstrained price competition.

Thus eliminating NAR schemes like the buyer broker commission is a win-win for consumers.

For bad agents, this is a lose-lose. For good agents, time will tell. If the fair market outcome is a loss for some good agents, find a new income source.

This reputation of yours is bought very cheaply online these days. You can pay Yelp, google services a set price to Make sure all your reviews are 5 stars. LOL

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