RE: FSBOs Get Agent-free Access to Realtor.com
Created by:Judi Bryan, Licensed Real Estate Broker, Carol Stream, IL
Date: November 13, 2008, Number of Replies: 7

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Steve Ervin writes:
This step by Move Inc to start taking FSBO listings clearly provides an alternative to the Listing/Selling Agent "traditional" real estate business model. It opens up much greater direct access by home owners to Selling Agents without having to pay a Listing agent. It will be interesting to see what effect this has on the industry as a whole over time.
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I'd suggest that one effect it will have is to encourage agents to start using Buyer Agency Agreements including the minimum fee for which they will work...particularly since, as you pointed out, the Seller only has to agree to 1% payout to Buyer's Agent to participate.
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I'd suggest that one effect it will have is to encourage agents to start using Buyer Agency Agreements including the minimum fee for which they will work...particularly since, as you pointed out, the Seller only has to agree to 1% payout to Buyer's Agent to participate.
What if every listing on Realtor.com offered a 1% commission to buyer's agent? I suspect NAR enrollment would TANK!
JudiB
Judi Bryan, Broker . . . . . . . . . . . . . . . . . . Direct: (630) 605-8902
ACRE� Consultant . . . . . e-PRO Technology/Web Certified
Judi Bryan, Broker . . . . . . . . . . . . . . . . . . Direct: (630) 605-8902
ACRE� Consultant . . . . . e-PRO Technology/Web Certified
Serving the West/Northwest Suburbs of Chicagoland
On the Web: www.HomesLady.com . . and . . www.eHomeSmart.com
On the Web: www.HomesLady.com . . and . . www.eHomeSmart.com
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