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Real Estate
Reply to "I think my buyers agent hustled me and did not act in my best interest. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly, it's nearly impossible to decipher all that paperwork and fees and taxes and everything else you're forced to sign at closing. It's very common for a realtor to push you toward a certain title insurance company, home inspector, etc. and even try to lead you to a specific lender and homeowners insurance company. [b]They may get commissions (kickbacks) from those companies for leading customers to them[/b]. It's all a racket but remember that the homebuyer is the only real source of money in the transaction so they are the ones who get jerked around the most.[/quote] No, they don't. That's a baldfaced lie. They will steer clients to people they have experience with to ensure the deal closes without any hiccups.[/quote] DP here. Realtors DO get kickbacks! Quit trying to cover for your corrupt practices.[/quote] No they don't, you stupid dumbass. And, I'm not an agent. Jesus, you stupid people with your rabid imaginations.[/quote] + 1. I was an agent for 10 years on a top team. The only kickback I got was lunch at Matchbox. We had fancy dinners from lenders and "classes" from title companies. No home inspector is giving a kickback. [/quote] So, you admit to receiving "kickbacks", just not from home inspectors. And yes, what you describe are kickbacks - favors granted with the expectation of a return, unless you believe there is such thing as a free lunch, free "fancy" dinners, free education... Nothing is free but nobody needs to be reminded of this. And, bizarrely, you "+1" the statement that people who say agents get kickbacks are "stupid people". Really? Your response amounts to calling yourself stupid. [/quote] What is described above is not an automatic kickback. Certainly the provider who gives the lunch and info session HOPES for more business because of it, but there's no obligation for the serviced to provide one. Not any different than when doctors attend info sessions with drug reps during which a meal is provided (often enough at Ruth's Chris or they get nice takeout to bring to the hospital to serve to staff while they listen, etc.)[/quote]
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