The NAR was sued. Bottom line they settled. The realtors are not happy about any of this. It was always understood if: A SELLER WANTED AGENTS TO BRING PEOPLE TO THEIR PROPERTY THEY ( buyer's realtor ) HAVE TO HAVE A HOPE AT PAYMENT . THE LICENSE,MLS FEES, NAR FEES AND BROKER FEES MEAN YOU HAVE TO GET PAID SOMETHING JUST TO COVER EXPENSES.LET ALONE GAS AND CAR EXPENSES. PAPER,INK PHONE OFFICE EQUIPMENT ETC. IT IS NOT EASY TO PASS THE REAL ESTATE TEST. I am so sorry you had a poor experience. Most people are not as experienced as yourself it seems.
That being said why do you need a realtor ? I just had to bring to a cash buyer's sale; the importance of a survey protection in regard to his title insurance, He understood none of this. I also have successfully negotiated much lower prices for my customers and help them stay in the mortgage game when they are about to throw in the towel. Theres a lot to get inspected and appraised and get those appointments and results understood legally. Does a buyer have time to always go to those appointments etc ? No. Realtors do. We bring parties togather successfully that many times would argue and deals fall apart by being neutral negotiators. Does a seller or buyer understand the laws about the things they propose to us / No is the answer in most cases. You have to also pay lawyers in some states. In Florida in most cases you do not. Unless people think its all like HGTV ( NOT ) you need a realtor. Its not all about the paint color or curb appeal. Glad to help people find that too !! For most customers I deal with they have no idea of the legal process and/or the mortgage application process and what it takes to hang in their and actually buy or sell a property. We actually have to constantly stay on top of some buyers and sellers like a parent to meet dates and timelines no matter how often we e mail or text or call to remind them of tasks and deadlines. Not everyone of course. This is just an example of the many reasons you might want a realtor for your protection and to represent your side of the deal. Once a buyer is serious and gets pre qualified we can then bring a seller a somewhat qualified lead to purchase their home. Any realtor will tell you, for 100 prospective buyers maybe 5 will actually bother to pursue pre qualification and getting their docs in on time etc. Its not easy at all.
I truly hope your next experience is more productive,
Best regards,
Cathy LaTourette
1st Class Real Estate
407-252-9694