Looking for Realtor

Honesty and experience are a necessary duo in my book. Not so easy to find both in the same person in SoWal. This also means someone who is in your corner if things get rough.

Richard Stafford
850-830-4144
Decades of experience in Walton County... Wife is appraiser also with decades.

Honesty and experience are a necessary duo in my book. Not so easy to find both in the same person in SoWal. This also means someone who is in your corner if things get rough.

Richard Stafford
850-830-4144
Decades of experience in Walton County... Wife is appraiser also with decades.

Thank you

JILL OLLIAVRERZ was our Realtor, highly recommend 850-797-3563

Bruce Koep! 850-890-8497 Broker of Ohana Real Estate Services used to be with Life's a Beach. He treats clients, employees and friends as his Ohana.

JILL OLLIAVRERZ was our Realtor, highly recommend 850-797-3563

Thank you

Bruce Koep! 850-890-8497 Broker of Ohana Real Estate Services used to be with Life's a Beach. He treats clients, employees and friends as his Ohana.

Thank you

Julie Endsley (850) 502-7210 helped us purchase December/January of this year. She did a really good job keeping us straight.

Julie Endsley (850) 502-7210 helped us purchase December/January of this year. She did a really good job keeping us straight.

Thank you

Find a realtor who splits their commissions 50/50 with the buyers agent. Anything less is greed.

Scott VanFossen 570-592-7223. He’s with Keller Williams Success Realty and member of CPAR

Find a realtor who splits their commissions 50/50 with the buyers agent. Anything less is greed.

I thought that was the norm, no?

Scott VanFossen 570-592-7223. He’s with Keller Williams Success Realty and member of CPAR

Thank you

I thought that was the norm, no?

It is the custom.
However, there can be other circumstances that can change that, and it not be greed.
In some cases the listing agent will also offer more to a cooperating broker than is kept with the listing broker.

I thought that was the norm, no?

It should be. Not sure when it started, but round here 60/40 was common for years unless you had a cooperating agreement between brokerages. Now you will see on a 6% commission the buyer’s agent being offered 2, 2.2, and 2.5% and the selling broker wanting a transaction fee on top of that.
Some brokerages offer a measly 1% to a no brokerage relationship agent.
I have always been curious if this is fully explained to the sellers.

It should be. Not sure when it started, but round here 60/40 was common for years unless you had a cooperating agreement between brokerages. Now you will see on a 6% commission the buyer’s agent being offered 2, 2.2, and 2.5% and the selling broker wanting a transaction fee on top of that.
Some brokerages offer a measly 1% to a no brokerage relationship agent.
I have always been curious if this is fully explained to the sellers.

I would think it would have to be disclosed or invite a lawsuit no? Fiduciary and all ...

It should be. Not sure when it started, but round here 60/40 was common for years unless you had a cooperating agreement between brokerages. Now you will see on a 6% commission the buyer’s agent being offered 2, 2.2, and 2.5% and the selling broker wanting a transaction fee on top of that.
Some brokerages offer a measly 1% to a no brokerage relationship agent.
I have always been curious if this is fully explained to the sellers.

That 60/40% was an old Ft Walton thing that spread to most of Okaloosa & Walton. It's pretty much extinct.
Very few (if any) 6% residential listings in this area. Even vacant lots are 4-5%. Some commercial is still 6%, but that too is becoming rare.
I have never seen a transaction fee attached to a listing brokers commission.
If an agent has no brokerage relationship with their buyer, it usually means they are just along for the ride and do not intend to do any of the work. But that is very rare.
Of course all of this is in writing as part of the seller's listing agreement with the brokerage. And the seller is in control of the terms of the agreement, including co-brokerage.

I would think it would have to be disclosed or invite a lawsuit no? Fiduciary and all ...

All in writing as part of the listing agreement between the seller and the listing broker.

All in writing as part of the listing agreement between the seller and the listing broker.

Right, but not to the buyer’s agent. Before showing a property the first question to the listing agent should always be “Do you split your commissions 50/50?”

That 60/40% was an old Ft Walton thing that spread to most of Okaloosa & Walton. It's pretty much extinct.
Very few (if any) 6% residential listings in this area. Even vacant lots are 4-5%. Some commercial is still 6%, but that too is becoming rare.
I have never seen a transaction fee attached to a listing brokers commission.
If an agent has no brokerage relationship with their buyer, it usually means they are just along for the ride and do not intend to do any of the work. But that is very rare.
Of course all of this is in writing as part of the seller's listing agreement with the brokerage. And the seller is in control of the terms of the agreement, including co-brokerage.

Fiduciary duty is to sell the home. Who cares who brings the buyer? Do agents tell the seller there may be agents with qualified buyers for their home, but you feel they don’t deserve equal compensation because they are just “along for the ride?”
That sounds like your duties are to yourself.

Right, but not to the buyer’s agent. Before showing a property the first question to the listing agent should always be “Do you split your commissions 50/50?”

So if a listing broker does not have a 50/50 split on a particular listing, the buyers agent should not show the house/property? That would be unethical and that would mean the buyers agent is working only for his/her commission and not to serve the customer (buyer).

Fiduciary duty is to sell the home. Who cares who brings the buyer? Do agents tell the seller there may be agents with qualified buyers for their home, but you feel they don’t deserve equal compensation because they are just “along for the ride?”
That sounds like your duties are to yourself.

Kind of moot because it rarely happens. Often a non rep agent is the buyers brother-in-law from another part of the state and is absolutely along for the ride with zero intention of doing any of the work.

And your post here (bold part) contradicts your previous post where the buyers agent should immediately be concerned if the commission is a 50/50 split.

So if a listing broker does not have a 50/50 split on a particular listing, the buyers agent should not show the house/property? That would be unethical and that would mean the buyers agent is working only for his/her commission and not to serve the customer (buyer).

Never said or implied that.
You have a buyer interested in a property so when first contacting the listing agent ask about the split. They may say yes it’s 50/50 or we will do 50/50 with a reciprocal agreement or no we don’t do 50/50.
You’re still showing the property to your buyer that was never in question.

Kind of moot because it rarely happens. Often a non rep agent is the buyers brother-in-law from another part of the state and is absolutely along for the ride with zero intention of doing any of the work.

And your post here (bold part) contradicts your previous post where the buyers agent should immediately be concerned if the commission is a 50/50 split.

Your assumption is wrong as explained above.

Never said or implied that.
You have a buyer interested in a property so when first contacting the listing agent ask about the split. They may say yes it’s 50/50 or we will do 50/50 with a reciprocal agreement or no we don’t do 50/50.
You’re still showing the property to your buyer that was never in question.

Ok, I understand your point.
It is usually obvious by the payout in the MLS listing. And as I have posted, very rare that it's not 50/50. And frankly who cares?

Ok, I understand your point.
It is usually obvious by the payout in the MLS listing. And as I have posted, very rare that it's not 50/50. And frankly who cares?

If the MlS states 2.5 is that based on 5% or 6% and the agent bringing the buyer cares.
I have made my point so I will leave it here.