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Author: foo1bar Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127236  
Subject: Re: Found a house on line... next steps? Date: 12/11/2001 2:49 PM
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what is actually happening is the agent is agreeing to work with a warm body that just happened to find a house.

It seems to me like that's most of the time they spend with a buyer.
Showing houses, doing searches for houses for the buyers, etc.

Until the offer is constructed by said agent, and the buyer is qualified, ready, willing and able to submit said offer through said agent, and until the seller accepts said offer from said agent, no commission is earned.

You could even say it's not recieved until the sale closes.

But looking at what the work they do is.

1> searching for houses and showing houses to the buyers. (lots of time, many houses, many hours for some clients)

2> prepping an offer (Not that much time - fill in the blanks on a computer and print it out.)

3> getting the buyer "qualified, ready, willing and able to submit said offer" - I think these guys are already there - they're just looking for a realtor to write the offer for them.

4> waiting for seller to accept. (not much they can do.)

5> Organizing inspections, etc. (amount of work needed depends on what's needed and what's already been done by the sellers)



So where's most of the work?
For most of my friend's agents it was showing the houses.
They saw lots of houses with their agents.
Submitting offers and following through once in contract was I think the easy part, comparitively speaking.

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