Reply to Selling off/pre-market with Compass or another brokerage

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hoping to sell off market.  [b]I know that Compass has private exclusive listings [/b]and I have talked to an agent about that.  Seems like that could be somewhat limiting - as in you'll only see it if you're a buyer working with a Compass agent.  Any other brokerages (or agents) that do off market or pre-market very well?  Our house is in a highly desirable neighborhood and should sell quickly if we get a decent number of eyes on it.  Trying to avoid listing for a couple reasons but will resort to it if needed. TIA![/quote]

Lol no they don’t. Completely unethical.[/quote]

Compass has many, many private exclusive listings as do most of the larger brokerages. So "lol" at you. There is nothing unethical about it. [/quote]

Actually, there is.  It's a mechanism for taking advantage of unsophisticated and gullible sellers, no more, no less.  No rational person wants less money for their property instead of more; "exclusive" listings practically guarantee a lower sales price based on simple market dynamics.  It's incontrovertible that fewer buyers almost always means a lower price.  Agents acting in the best interests of their clients will expose their listings to the widest possible market, not to a smaller number of buyers.  The only reason to limit the buying pool is to maximize brokerage profit by keeping both the buy side and the sell side in-house.  That does not benefit the seller, but the brokerage and its agents.  That's unethical in my book unless the seller fully understand what they are giving up.  I doubt most do, because they are acting against their own economic self-interest when they do so.  They go for it because the brokerage has tricked them into thinking they'll do just as well financially with the exclusive listing, which is very unlikely.

So paranoid. The pros and cons of private exclusives are discussed in detail and then the sellers make their own decision about how they want to proceed. There is also a strategy to it that no one posting here has mentioned or seems to understand. No one is "tricking" anyone. And for the people making accusations that realtors do this to take both sides of the commission, you are also incorrect. Buyers are brought to private exclusives by their agent-the only way they would know about the listing bc they are not publicly marketed on MLS.

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