Lynnea Miller, Premier Real Estate Service in Central Oregon (Bend Premier Real Estate)

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Rainmaker
1,867,223
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

It happens frequently in our area Lynnea Miller , we treat it just like the others in our MLS. The fact is I've thought of opting out of our MLS and saving a huge amount of money.

Apr 17, 2017 04:36 PM
Ambassador
1,808,882
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

My job is to sell the listing for the owner.  I will do my very best to accommodate the buyer's agent... if that means meeting them to give them access to the property... I'm all for it.

I'm not going to become an obstacle to the sale... I'm going to help facilitate the sale.

Apr 17, 2017 05:23 PM
Rainmaker
883,236
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We will cooperate with any licensed broker anywhere in the country. If it's an agent, they must have an employing broker. How much we will compensate depends on the agent level of participation in the transaction. If we're essentially going to take over on the buyer side as well, be the point of contact, facilitate inspections and access etc . . . then it's a referral fee and we treat the buyer as a customer.
If the agent needs access to show the property and is going to write the contract and stay involved in the transaction, then we cooperate with them as if they were in our association.

Apr 17, 2017 04:27 PM
Rainmaker
1,207,015
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

In CA it doesn't matter...that's not an MLS rule here.

If they are licensed, they get a check.

 

Apr 17, 2017 07:36 PM
Rainmaker
2,631,521
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If an agent produces a buyer...pay them

Apr 17, 2017 05:21 PM
Rainer
117,085
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

I am right on the border of San diego and Riverside.  Different MLS, Different lockbox types. There is quite a bit of overlap.  Some agents pay for access to both types of boxes like I do, since I do cross over often.  We also have reciprocal arrangements, so they do have access to the agent remarks and MLS, but maybe not the Lockbox.  I am happy to provide a 1 day code.  

Apr 17, 2017 04:10 PM
Rainmaker
1,835,050
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Like I would for every other transaction. In order to get a commission, you have to be a licensed agent in my State. 

Apr 17, 2017 04:09 PM
Ambassador
4,543,633
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Some agents use comfo boxes so agents who do not have Sentrilock keys have access. We see out of area agent sales fairly regularly in the MLS. I would want to cooperate as best I can to sell my client's house.

Apr 17, 2017 06:48 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I share at the same rate as MLS agents get since it is stated in my lisitng agreements what i will pay co-op agents.

Apr 17, 2017 06:09 PM
Rainmaker
144,616
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

I haven't come across this situation yet. It would be easy enough to email them the MLS sheet with the Realtor remarks and meet the agent at your listing to let them in.

Apr 17, 2017 05:56 PM
Rainmaker
3,316,490
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If licensed in my state and disclosed at the start, i pay what i offered in MLS

Apr 17, 2017 05:29 PM
Rainmaker
843,320
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

As long as they're licensed in this state, and they have a legitimate buyer, they will get paid whatever is advertised in the MLS. We can jsut write up a commision agreement. With sellers permission, a combo box can be added after ratification for inspector, appriaser, etc.

Apr 17, 2017 05:19 PM
Rainmaker
5,492,041
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Lynnea,

Does it matter?  If they are licensed by the state, the listing agent's job is to get the property sold.  A

Apr 17, 2017 05:06 PM
Ambassador
5,331,602
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Treat them fairly as you would a local agent.

Apr 17, 2017 04:20 PM
Rainmaker
6,505,321
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Offer a referral fee for handling the transaction.

Apr 17, 2017 06:24 PM
Rainmaker
1,707,397
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

A compensation agreement with the broker.

Apr 17, 2017 05:34 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Lynnea Miller - compensation is as per contract agreement - so no questions over there. 

And showings - accommodate as much as I can.

Apr 17, 2017 10:58 PM
Rainmaker
2,019,250
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I want it SOLD period !

Apr 17, 2017 08:28 PM
Rainmaker
1,525,205
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

As others have said, it is our job to sell the house and whether or not the buyer's agent is a member of our local MLS, as long as they are a licensed agent in Virginia, they will be paid the co-op commission.

Apr 17, 2017 07:56 PM
Ambassador
4,176,633
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Lynnea Miller, I have that happen quite often with agents from surrounding cities who don't mind the drive but, don't feel comfortable representing their buyers in an area in which they're not familiar. We work out a referral agreement and I typically take over the transaction in its entirety following the first meeting/showing. 

Apr 17, 2017 07:42 PM
Ambassador
2,560,340
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Separate commission agreement stating what co-op fee that Buyer's Broker/Showing Broker will get paid. 

    Florida Realtors offers a standard form, or create your own.  (If YOU are the non-MLS member, make CERTAIN that you have a commission agreement with the listing broker, otherwise you may get nothing). 

    As for the lockbox - be careful not to violate MLS rules by loaning keys, giving out codes, etc.  If the out of MLS agent needs a key, and you are willing to loan it, put the impetus on that agent to pick up and return said key. 

 

Apr 17, 2017 06:59 PM
Rainmaker
3,985,831
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Most of those agents will ask if I will co-op with them.  I want my cklients house to sell so it he or she can bring in a buyer I willl co-op

Apr 17, 2017 05:09 PM
Rainmaker
1,454,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Lynnea Miller I would work with them like any member in the MLS. It is in the best interest of your client. Hella M. Rothwell, Broker/Realtor® has a good response.

Apr 17, 2017 04:08 PM
Rainmaker
578,490
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

No problem. It's my business to sell the listing. I would give the agent a 1 day code to the lockbox. After checking him/her out that they have a valid real estate license in my state, of course.

Apr 17, 2017 04:01 PM
Rainmaker
637,012
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

I let the office review and handle this.

Apr 17, 2017 03:40 PM
Rainmaker
3,946,974
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I still would honor the coop as long as they are license

Apr 18, 2017 05:36 PM
Rainmaker
4,127,730
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Enter into a compensation agreement with the non-member agent in writing. Oterwise they have no protection! Show and sell!

Apr 18, 2017 06:05 AM
Rainmaker
1,712,177
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

You always have to make exceptions & this is one example. We have one day codes using Sentrilock.

Apr 18, 2017 05:22 AM
Rainmaker
4,021,215
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Frankly, I treat them just as I would any MLS member. I have a closing tomorrow with an agent who brought me a full-asking price offer on a listing and has done all the work any other agent would have done in getting the property through inspections, financing, closing, etc. Why would I pay that agent less? (There are some MLS members I'd like to pay less because they barely did what they needed to do to get a contract to a closing table.)

Apr 18, 2017 04:36 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Has not happened...yet...

Apr 18, 2017 03:05 AM
Rainmaker
4,040,595
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

My role as a listing agent is to my client's home and I'm pretty sure they don't care if that agent is a member of the local mls.   I cooperate in making that deal happen while protecting my client's interest.  

Apr 18, 2017 12:48 AM
Rainmaker
1,157,485
FN LN
Toronto, ON

In my area, co-op commissions are for the brokerage members of my MLS.  If the brokerage is not a member of the MLS, then an agreement may be reached between both brokerages or alternatively an agreement can be reached between the buyer and buyer's agent's brokerage.

Apr 17, 2017 07:50 PM
Rainmaker
1,145,870
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

We can view all private remarks from all MLS sites within CA.

Coop is an agreement signed by selling broker and listing agent/broker to split the pie.

Apr 17, 2017 06:36 PM
Rainmaker
4,852,089
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have sold in Colorado Springs, yet not a member.   We have to get an approval from the listing agent prior to sending an offer to have this in writing to get paid.

Apr 20, 2017 10:16 AM
Rainmaker
597,274
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

For me the shoe has been on the other foot, and I very much appreciated the listing broker's accommodation thus, I'm all for helping the property sell if that is how the buyer arrives.

I do try to vet the other broker's credentials and when cleared, we can provide a One-day code via the Sentrilock box.

Apr 18, 2017 06:01 PM
Rainmaker
1,633,142
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We cooperate in these rare instances. Our focus is on fulfilling our agency obligations to our principal.

Apr 18, 2017 09:40 AM
Rainmaker
1,376,403
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't look at MLS membership.  Commission is paid regardless of if they're in my board or an adjoining one (that gets our listings syndicated).

Apr 18, 2017 08:55 AM
Rainmaker
5,571,077
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we pay the buyer's agent the same commission we would pay any buyer agent.... whatever is in mls....we want to move property....we will accompany.... heck, we've done the whole deal after they sent the buyer on their own ....they called and said they couldn't make it.... move the property... the buyer had representation who didn't show up... paid top dollar and closed.... the agent was happy...got paid...

and we listed the property next time around!!

Apr 18, 2017 08:43 AM
Ambassador
3,030,478
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I echo Thomas J. Nelson, Realtor, CRS comment.  That license must be affiliated with a broker. The broker is paid then the broker pays the agent. 

Apr 18, 2017 08:28 AM
Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

If you're doing extra work, then get an agreement listing the amended split.

Apr 18, 2017 08:17 AM
Ambassador
2,066,637
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

As long as the agent has a valid real estate license in my State, the co-broke can be paid. Regarding access, I would either open up for them or temporarily provide a combo lockbox. 

Apr 18, 2017 07:08 AM
Rainmaker
914,023
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

If there is a closed contract and they are licensed, pay them - we use disbursement authorizations for this no matter where the other agent is located

Apr 18, 2017 06:27 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

In Florida, we have multiple agreements across multiple boards.

Apr 18, 2017 06:20 AM
Rainmaker
3,969,836
Richard Weeks
Dallas, TX
REALTOR®, Broker

1% less 

Apr 18, 2017 04:43 AM
Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

ask the broker

Apr 18, 2017 04:32 AM
Rainmaker
1,842,525
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

I think the situation would have to be addressed on a case-by-case basis, but I would tend to think if they can do all the work required, they should get the co-broke that is listed. If they can't, then perhaps a revision to the amount is in order.

Of course it really depends on the way my broker wants it to work!

Apr 18, 2017 03:11 AM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Never had this happen so I assume it would be worked out by the brokerages

Mar 27, 2018 08:16 PM