The greedy bully agent rears his ugly head!
In the Charlotte real estate market, every now and then you run across another agent who does/says something that just makes you cringe...makes you want to call up the NC Real Estate Commission and file a COMPLAINT! Thankfully, this situation doesn't occur very often...otherwise I would be pulling my hair out!
The following situation occurred with a wonderful new licensee in my Helen Adams brokerage, a woman who formerly practiced real estate law - she is one sharp cookie, and it is my privilege to serve as her mentor! She's gotten a few transactions under her belt, and it has been a baptism by fire. But nothing could have prepared her for this email response she received from a top-producing agent in Charlotte. He was complaining that her seller was only providing X% amount of commission for the buyer agent:
"When you offer XX% to the buyer’s agent let me know.
You are doing your sellers a major disservice by not being competitive.
Whoa.....my new protege asked if this type of response is to be expected. She correctly assumed that buyer agents have a fiduciary duty to their CLIENTS, not THEMSELVES, and that to refuse to show a listing because the buyer agent compensation is not what the agent expects is to do a disservice to his/her client. She pointed out to the bully buyer agent that she DID in fact counsel her seller about the impact of lowering the commission to the buyer agent, but the seller was adamant. My young colleague took the listing anyway, but never expected to receive a comment like what you see above.
What do you think? I know it's tough when the commission is not what you expect. I've had to stomach that and explain the compensation system to my own buyers. But after an extensive buyer consultation where my services and compensation are specifically laid on the table, most of my buyers readily agree that I should be compensated for my time, expertise and experience, and they are willing to pay any difference in what is offered and what my firm requires. I do make exceptions, but that is my choice!
I'm just wondering how this agents' buyers feel when he refuses to show them a property because the compensation arrangement is not what he desires. That would be a huge red flag for me - I would seriously wonder where this agent's loyalty rested - with me or with himself!
It's tough enough in the real estate business these days! Our profession doesn't need a bully agent who refuses to play in the sandbox because the compensation isn't what he desires. I think if I truly felt that way, I would just keep my opinion to myself instead of writing such an asinine email.
So what do you think? Did the greedy bully just rear his ugly head?
Charlotte home buyers, if you're looking for a Realtor who puts YOUR best interests first, please call, email or text me. I'd love to have a chat to discover what you're trying to accomplish - buying or selling real estate in Charlotte NC, I can help!