Seller Agents seem to be unresponsive to buyer broker. Typical behavior of agents with hot location property?
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[{"id": "i5r24zh", "text": "Yes, this is pretty common. I tell anyone who asks to go directly to the listing agent if they like something. \nI was at a big firm that didn't cooperate internally even so I gave up on ever representing a buyer.", "replies": [{"id": "i5r6syi", "text": "Thank you", "replies": [], "depth": 2}, {"id": "i5r7h6t", "text": "If someone has listings in an MLS and they don\u2019t reply to a showing or doc request within several days just report them to the MLS for non cooperation.", "replies": [{"id": "i5rdkus", "text": "Most commercial sales are not on any MLS.", "replies": [{"id": "i5rdxws", "text": "The majority of the CRE agents in my area also list on the MLS as well as costar/loopnet, and Crexi. Maybe it\u2019s not that way everywhere.", "replies": [{"id": "i5svo6x", "text": "Nope. We don\u2019t have MLS at all for commercial in my market. Its all costar/loopnet, crexi, realnex.", "replies": [{"id": "i5twt58", "text": "Same in my area of SoCal. There\u2019s the occasional MLS post but I always assumed that was a residential agent trying to do commercial", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5r78b8", "text": "What is it? Multi family?", "replies": [{"id": "i5r7lnr", "text": "Commercial unit.", "replies": [{"id": "i5rb5uo", "text": "What. Does. That. Mean. \ud83d\ude02", "replies": [{"id": "i5sq765", "text": "It means they don\u2019t know Multi family is part of commercial", "replies": [], "depth": 4}], "depth": 3}, {"id": "i5rorwi", "text": "Vague.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5rah46", "text": "Hard to tell off of this info but there could just be that there are better offers on the table. This is especially likely if it\u2019s an industrial building, I have had quite a few sellers recently who won\u2019t even consider any sort of contingency. The listing broker should at least be responsive though in telling your broker what the sellers hangups are. Exactly why it\u2019s important to have a well-connected broker. Big shops don\u2019t always mean good brokers. What market are you in? What type of asset is it? Retail/industrial/office?", "replies": [], "depth": 1}, {"id": "i5rewqi", "text": "Very common, especially on a well-known deal.  It can be a bit challenging to navigate because while you want to respect your broker\u2019s hustle, at the end of the day they\u2019re likely just adding another link in the chain (assuming you know what you\u2019re doing).  Buy side brokers don\u2019t exist outside of the private capital space.", "replies": [{"id": "i5rg9vu", "text": "Thank you. I am on the wall if I should move forward over a broker I'm not legally tied to if in a few days I haven't heard back or right away.", "replies": [{"id": "i5tf0n3", "text": "Do your deal.\n\nYou can always find a way to compensate your broker if you feel obligated.\n\nI just found a building in a market that I had a active relationship, not contractual with a broker.\n\nI wrote 1% into the contract for him &amp; gave 9% to the selling agent. $2M purchase price.\n\nEnded calling my agent telling him I had signed a contract on a building in his market. He was getting 1% + $40k from me for doing shit.\n\nHe was embarrassed he hadn\u2019t been aware of the building &amp; took the money like every agent would.", "replies": [{"id": "i5ujy0a", "text": "In what world are people paying 10% commissions?", "replies": [{"id": "i5ulj8j", "text": "I was wondering the same thing! Way too high", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5rgtee", "text": "Well if your an individual the selling broker might think they have a chance to get both sides of the commission (they obviously are down for 2x the money right)\n\n&amp;#x200B;\n\nWhen you say contingency assuming you mean a contingency for the buyer to sell their own home.  That is the absolute last thing someone would want.  Perhaps your broker was more upfront about that than you which is why you got a response?  People who have been doing this for a long time like to be forward about their situation as to not waste time.", "replies": [{"id": "i5rhpob", "text": "Contingency to be able to pull permits for this specific spot. It is a commercial unit.", "replies": [{"id": "i5rki8d", "text": "Okay, not so unusual in that case.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5rwwpa", "text": "2000 Sq foot single commercial unit. No parking. What else would you want. I'm getting g the answers I need.", "replies": [], "depth": 1}, {"id": "i5rx63d", "text": "It is extremely common in commercial for listing agents to try and double end (or sell inside their office) their listings. I had an LOI out last year for a building that was asking $11MM. We offered $10,370,000. Broker responded by saying we wouldn't receive a counter because we were \"too far apart\". Property closed at $10,374,900 and the agent double ended it.\n\nWelcome to commercial real estate brokerage...", "replies": [{"id": "i5s84lm", "text": "This. I really hate this industry sometimes for this specific reason. I manage CRE and lease, I took over a 170k sf plaza that had deficiencies out the ass like missing structural walls, and somehow these things weren\u2019t caught on inspections. Well, the deal was handled both ways by the same brokerage who is known for selling junk overpriced. The benefit of another link in the chain is more protection", "replies": [{"id": "i5wpoha", "text": "IMO dual agency is extremely important and beneficial for landlords  on leases ....for sales, not so much to the sellers advantage.", "replies": [], "depth": 3}], "depth": 2}, {"id": "i5t8m8u", "text": "Man am I glad that\u2019s not common in my area at all. I\u2019m mostly residential (though I do work with investors a lot and they often invest in multi-family properties) and I don\u2019t get that experience of being shut out by commercial agents for double ending. Granted, Florida has a lot of laws and restrictions about being a dual agent.", "replies": [], "depth": 2}, {"id": "i5u2md3", "text": "Never trust most real estate agents.", "replies": [{"id": "i5wp9kc", "text": "That is a rather uneducated statement...", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5s8ylh", "text": "For multifamily it\u2019s rather uncommon for buyers to use a buyer broker as it makes their offer less competitive and most groups are sophisticated enough to represent themselves with an attorney. \n\nUsing a buyers broker will get you out to the bottom of the list.", "replies": [], "depth": 1}, {"id": "i5sygef", "text": "Regardless if you signed or did not sign an agreement, you can always reach out to the Seller yourself.", "replies": [{"id": "i5t05cg", "text": "Did not sign anything, the current person who has been emailing me tried to contact the listing agent with no luck with a response regarding questions we had.", "replies": [{"id": "i5vlqe8", "text": "Why don't you simply reach out to the Seller (or Seller's agent) directly?  You don't need to go through an agent, especially when the agent has not been receiving responses).", "replies": [{"id": "i5vm0x3", "text": "Thr agent sent over some blue prints via email so it makes me believe we now may be legally bound. I did reach out to seller and got the response I needed the agent to get me. The agent may have tried but it's quite obvious the seller doesn't want to cut into his portion w someone else since he probably does t have to given the spots location.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i5u0vqu", "text": "If you had a better agent, they would be able to contact the owner and put a deal in.  A lot (not all)  of commercial listing agreements have no real seller representation stipulations and the brokerage really just holds a marketing agreement.  Either way, if your agent is getting stuffed he should bring the deal directly to the owner.  And if he can\u2019t find the owner, fire your agent and go to the listing agent directly", "replies": [{"id": "i8gwwdp", "text": "What??", "replies": [], "depth": 2}], "depth": 1}]