Robert M. Gary wrote:
Roy Smith wrote:
What on Earth makes you think a broker (any broker) is representing any
interests other than his own?
From http://www.dictionary.com
Broker "(1)One that acts as an agent for others, as in negotiating
contracts, purchases, or sales in return for a fee or commission. "
That's what a broker is supposed to do but this same breach of trust
goes on all the time in real estate.
When buying a house in CT, I was surprised when the seller's agent,
over a beer, made it clear that he thought our offer should be some $30K
lower than what we were considering. Obviously a pretty poor player
from the seller's end. Save us some bucks.
How stupid was I in re-hiring him to sell the same house. He ended up
not being able to get our minimum price from anyone in 3months. House
was turned over to a firm hired by my corporate relocation firm. It was
sold in 30days for just less than our asking price.
Lot's of lessons learned there.