Typical Conflicts of Interest in Real Estate: http://www.hauseit.com/conflict-of-interest-real-estate <br /> <br />Save Money with a Hauseit Buyer Closing Credit: https://www.hauseit.com/hauseit-buyer-closing-credit-nyc/ <br /> <br />Conflicts of interest do exist and real estate agents are paid on commission, meaning their focus is on closing deals. <br />However, customer satisfaction is important for most serious agents because referrals are their main source of business. <br /> <br />Listing Agent Conflict of Interest <br /> <br />Preference for a Direct Buyer Listing agents prefer direct buyers because they can keep all 6% in commission without having to split it with a buyer’s agent. <br /> <br />Selling Faster for Less <br /> <br />Because agents are paid on commission, they are incentivized to sell a home faster, even if they could have gotten a slightly higher price if they marketed it longer. <br /> <br />Laziness After Receiving an Offer <br /> <br />Agents might get lazy after finding an acceptable offer. Even though offers can fall through at any time before contracts are fully executed, a listing agent might get lazy and stop showings or actively pursuing other bidders. <br /> <br />Focus on Easier to Sell Listings <br /> <br />An agent might lose motivation if a listing is too hard to sell. If the property is priced too high or otherwise lacks attractive features, a listing agent may lose interest or focus and decide to spend more time on other opportunities. <br /> <br />Boycotting of Discount Brokers <br /> <br />A listing broker will likely resent a discount broker who’s openly offering commission back to buyers. Given the option of working with a direct buyer or a traditional broker who isn’t out to “disrupt” the industry, why would a listing broker cooperate with a discounter? <br /> <br />Pro Tip: Fortunately for buyers at least, they can avoid the stigma of working with a discount broker by signing up for a Hauseit Buyer Closing Credit. Hauseit’s partner brokers are some of the most experienced, reputable traditional real estate brokers in NY who never openly discount their services. As a result, you can discreetly save thousands on your purchase without risking your deal. <br /> <br />Buyer Agent Conflict of Interest <br /> <br />Preference for higher priced properties <br />Buyer agents tend to steer customers towards higher priced listings so they can make more commission. <br /> <br />Preference for Listings with Higher Co-Brokes <br /> <br />Buyer agents steer their clients towards listings that offer higher co-brokes in the MLS. <br /> <br />Preference for Condos vs Co-ops <br /> <br />Buyer agents steer clients towards condos vs co-ops because they are dramatically easier to close. Co-ops take not only longer to close, but take significantly more work due do the co-op board approval process. <br /> <br />Preference for Easy Going Listing Agents <br />Buyer agents prefer to work with easy going listing agents. This makes a whole lot of sense because a difficult counterparty can not only kill a deal, but can make it absolute hell. <br /> <br />Reduce Your Buyer Closing Costs in NYC: https://www.hauseit.com/hauseit-buyer-closing-credit-nyc/ <br /> <br />#hauseit #hauseitnyc <br />https://www.hauseit.co
