AGENTS.. How do you feel about Brokers who Co-op their listings for 1% using the MLS to then be directed to an auction site?

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Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Coldwell Banker Access Realty)

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Rainer
4,420

Javier Varon

Carlsbad, CA

They would stop doing it, it agents stopped showing their listings.

Jun 24, 2015 01:08 AM

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1

Sandy Padula & Norm Pa...

, CA

Rainer
67,797

Jesse McGreevy

Downing Frye Realty, inc. - Estero, FL

McGreevy and Comisar

terrible practice...

Jun 24, 2015 12:58 AM

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1

Sandy Padula & Norm Pa...

, CA

Rainmaker
403,357

Jill Murty, Realtor - Orange County, CA

Movoto - Laguna Niguel, CA

I'm not a fan.

Jun 24, 2015 12:18 AM

Upvote

1

Sandy Padula & Norm Pa...

, CA

Rainer
67,419

Evelyn M Epperson

Coldwell Banker Residential Brokerage - Johns Creek, GA

A Tradition Of [Excellence, Trust & Service]

I really dislike this practice. MLS is not used to direct you to another site where you can purchase the home. I my mind it is deception.

Jun 24, 2015 12:05 AM

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1

Sandy Padula & Norm Pa...

, CA

Rainmaker
699,327

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

Our brokers do not do this.

Jun 24, 2015 12:03 AM

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1

Sandy Padula & Norm Pa...

, CA

Ambassador
1,314,035

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Don't like it at all. Commission needs to be at least 2% or higher, even for an auction.

Jun 23, 2015 11:54 PM

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1

Chris and Dick Dovorany

Naples, FL

Rainmaker
425,775

Julie A. Black

KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI

CLHMS, CRS, GRI, Realtor, Broker

I hate it and I am the listing broker on most of these properties in my county. When I take the REO assignment, I am not told the property is going to auction. I already have a lot of time vesting into the property when I find out. I just roll with it. Commissions can't be standardize.

Jun 24, 2015 12:12 PM

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Rainmaker
3,988,144

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I don't like this at all but being on the listing side of some of these properties you are told to do it by the seller and have no choice but to lose the listing.

Jun 24, 2015 10:46 AM

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Rainmaker
292,735

Jack Lewitz

Exit Strategy Realty - Evanston, IL

These are REO properties that are using this strategy to sell . I don't think auctions are a good way to buy or sell but it has become for some lenders the preferred method .

Jun 24, 2015 07:29 AM

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Rainmaker
977,623

Mike McCann Broker - Mach1 Realty

Mike McCann - Broker, Mach1 Realty Broker-Auctioneer Serving Nebraska - Kearney, NE

ALL Types of Property For Sale 308-627-3700

I have not seen this. When I conduct auctions of Farm Land I can say that at the auction I do not offer a co-op commission ... nor am I offered one at other auctioneers auctions. If I take a buyer to a different Brokers Land auction, the buyer already knows what to add on for my commission prior to the auction.

I do co-op on regular listings. I also do not advertise in the MLS (nor belong) mainly because 90% of my listings are outside most of Nebraska's outstate MLS areas.

Jun 24, 2015 03:09 AM

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Rainmaker
1,763,023

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

They too will fade away when they do not receive the responses they expect.

Jun 24, 2015 01:27 AM

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They would stop doing it, it agents stopped showing their listings.
I really dislike this practice. MLS is not used to direct you to another site where you can purchase the home. I my mind it is deception.
Don't like it at all. Commission needs to be at least 2% or higher, even for an auction.
I hate it and I am the listing broker on most of these properties in my county. When I take the REO assignment, I am not told the property is going to auction. I already have a lot of time vesting into the property when I find out. I just roll with it. Commissions can't be standardize.
I don't like this at all but being on the listing side of some of these properties you are told to do it by the seller and have no choice but to lose the listing.
These are REO properties that are using this strategy to sell . I don't think auctions are a good way to buy or sell but it has become for some lenders the preferred method .
I have not seen this. When I conduct auctions of Farm Land I can say that at the auction I do not offer a co-op commission ... nor am I offered one at other auctioneers auctions. If I take a buyer to a different Brokers Land auction, the buyer already knows what to add on for my commission prior to the auction.

I do co-op on regular listings. I also do not advertise in the MLS (nor belong) mainly because 90% of my listings are outside most of Nebraska's outstate MLS areas.
They too will fade away when they do not receive the responses they expect.