She responds the next day and she starts sending me an official "offer" on the state's realtor form. I work with her to check a box that she misses and then after a tremendous amount of back and forth, i sign the "offer."

She then comes back that the seller wants to counter on price. I'm like - wtf is this? I told you the fucking price 40 hours ago - why are we doing all this work if you didn't get a meeting of the minds on the most basic terms.

Then the next day she says the seller is going to go with a different offer.

This is the second time this has happened to me, where there is ZERO attempt by the seller agent to even ask or give me the opportunity to beat the other offer.

It's like these real estate agents think them doing these stupid forms is how they add value, and not trying to negotiate a higher price for their client when there's multiple interested parties.

Also, I'm 90% she never told her client they'd save $50,000 in agent fees by going with my offer.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899927)

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899949)

you’re better off finding your own agent and cutting the fees in half than whatever you were trying to do here

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899966)

OP isn’t the first person to try and take a run around these agents and lost. They will collude against you.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899979)

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900043)

The court ruling says buyer has to pay their own agent - can't come from the seller.

So now buyers are just signing contracts with agents and then the parties stipulate that the seller is paying.

I strongly suspect that they're colluding against people trying to actually change the sysem from the court order from the old system - which they are trying to de facto recreate with contracts and collusion.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900168)

I think you're correct that the end result is still that the settlement statement the seller pays this fee out.

But in my scenario, that line item would be 0. What is happening in practice is that it is still 3% and the seller just pays it.

I'm sure sellers agents don't want to start the precedent of that line item being 0...

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900480)

You're basically saying, "it doesn't matter if a buyers agent is getting 0% or 3% because the price is fixed" ...which is...price fixing....

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900508)

OP seems pretty dumb ITT because he doesn’t seem to have any idea what the seller had agreed to pay with their agent, but he assumes that they would have “saved” $50k by going with him. he also doesn’t seem to know what the winning bid was or any of the terms

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901194)

RE makes most people act insane

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900099)

There's literally only 6 toggles on their fucking form. I told her the terms we were willing to do for each toggle.

Why on earth would i need to wait for her to put it in her special REALTOR software for her to tell her client?

Literally here is the system you think makes sense:

"Me - Purchase price is X, depoit is Y, we need this contingency but not that contingency, they can pick the closing date, inspection period is Z days."

Then she goes into her special REALTOR software and spends 2 hours drawing up an "offer" with that, i have to sign it.

Then she goes to her clients and says, "Okay i just got the offer, "Purchase price is X, depoit is Y, we need this contingency but not that contingency, they can pick the closing date, inspection period is Z days."

And then when her client counters, they write up another counter offer that they sign with different terms

----

Oh and btw, not only would my way of just negotiating a term sheet of the 5 terms save us hours, it saves the seller $50,000 in realtor fees....

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900179)

Now you're thinking like a real estate agent.

Why would you NEED to do this inefficient process? Why would you need a "bid documented"?

There's no other contracting process in business as stupid as this one. It's just realtors justifying their existence.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900174)

You apparently approached this thinking that the sellers agent was supposed to negotiate a deal price with you personally on the side and to the exclusion of all the other buyers (who were submitting written bids) and which you had no idea were higher and lower than yours.

Why would the owner just agree to a deal with you and ignore all these other written bids and handicap themselves like that? Why would you expect the agent to just work out a verbal deal with you for a final price when there are other bids to be seen?

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900185)

I get that if they're trying to get multiple bids in by X date.

But also, even in that scenario, why wouldn't the agent go back to the second highest bidder and go - the top bid is Y - do you want to top it?

What's the utility of an agent who is just presenting you with the offers?

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900385)

Because when the sellers agent goes back to one of the buyers and says they have a higher bid (yours or another, it doesnt matter) and now we need everyones last best and final, and someone submits a higher bid and gets the home, they can see the bids to ensure that the seller actually did have those other bids and it wasnt a fraud.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900194)

So, yea, she’s a total dummy for not following the spirit of the court order.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900512)

Yes it's all inefficient fraud ... but you can either rage about that on xo while missing out on houses you want or you can accept it as cost of doing business.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900546)

She checks boxes on a contract and she fucked that up.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900630)

U: homeless

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900872)

when i actually had to deal with them i quickly discovered they are lazy morons who check some boxes and mostly care about photo shoots.

if you eventually discover a good one, treat that relationship like gold.

(http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900976)