edtang

if you are an agent let's assume there's a co-broke deal at $900K and another direct deal at $850K. If your client (seller) does not know will you let them know of the $900K deal? I think the answer speaks for itself. There is no real transparency unless people go through a service like www.nextdistrict.com, but i think it'll be difficult for any agents to readily accept.

I faced another problem when selling my unit recently when I worried that our agent is not telling us all the offers made especially when some house viewers look very interested but we didnt hear from our agent on any offers. Unfortunately these were from other agents co-broking. I will think its their benefit (and human nature) for agents to push for their direct buyers rather than co-broke even though the co-broke may offer higher for seller but will cut half their commission, and its very difficult for us sellers to know. My relative told me about this new service which interestingly provide a independent (and free) way to get rid of this problem. Think the whole idea is to allow buyer/seller to commmunicate while u can still work with your agents. This prevent the agent from 'hiding' any offers to the buyer or seller. The site can be found at: http://www.nextdistrict.com The agents might not be happy but at least we have a fair way for everyone. BTW i tried and managed to get a co-broke deal at the highest price. Hope it'll help others in my same situation. Unfortunately its only for Condos (at least for now...) Anyone has the same problem or worry?