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Hi all, if you have a choice to buy a same unit condo from direct agent(seller agent) and co-broke agent, which is better?

It is better for the buyer to appoint an agent as the agent will have better negotiation skills and knowledge on property, and buyer no need to pay commissions too for private property.

My thought is that possible the seller agent prefer to close deal with their direct client as they no need to share comm with the other agent. Is this correct? Do they have the right to refuse/delay the co-broke agent's client viewing request?
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6 Answers

Hi,

There are always pros and cons on anything. It actually dependent on situation and conditions.

If you have the resources, such as time and efforts to search, filter, co-ordinate, review, perform market analysis, negotiate to defend your interest, then I would recommend you do your own deal.

This is some of the things that real estate salespersons are offering as a service. On top of this, we have the opportunity to see many units, projects, and had the chances to hear buyers needs and wants, the list is never exhausted. This is an experience that no computer or ad-hoc buyers can gain from one or two transactions.

As a real estate salesperson we are oblige to uphold fiduciary duty for our client. We also always want the best deal for our client, thus we offer the most objective suggestion for our client to consider, because we are not emotional attached to any property we are seeing.

There are agents who prefer to deal with direct buyer for their own interest, no doubt about it. But all the agents I've met so far hold high integrity and never reject viewing.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi,

Theoretically speaking, the seller agent has to maximize and advance the seller's interest by exposing the property to as many interested buyers as possible (with or without cobroke agent), and the seller agent cannot refuse to work with buyers that come with agents and this is a key clause that is part of the written exclusive arrangement (between sellers and the agent they appoint), and sellers can explicitly state that the agent they appoint has to cobroke with other agents.

If you are looking to engage an agent to sell your property, end of the day its still best to find someone you are comfortable with some good reviews from previously clients, who will advance your interests properly. If you are looking to engage one to help with your purchase, please inform the seller agent upfront that you have engaged your own agent from the start.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng ERA ASAP
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Hi, it is always good to have one to assist you. It is not just about negotiating and saving you commission as buyer need not pay any commission at all. But more than that, your agent will give you a detail analysis and to share more in depth with you on whether is this property a good buy. Pls note and understand that there are hundreds of properties around but not all are good buy.

Regards
Aaron
 9730 8455 
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Dear friend,

As mentioned, it is all Pros and no Cons for buyer to engage an agent to work for him.

As to some seller's agent who refuses to co-broke, they are simply not being professional.

CEA requires that agents work for the best interests of their client.

By refusing to cobroke, they are basically turning down potential buyers. This is not fair to their client (the seller).

It is the duty of the agent to present ALL potential buyers to the seller. It is up to the seller if he wants to, or reject the buyer's viewing request.

The seller's agent does not have authority to TURN DOWN COBROKE BUYERs.

You may report to CEA.

Regards
Steven Wang
EDMUND TIE & COMPANY
khim.wang28@gmail.com
 +65 9169 5023  Read More
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Basically what you have pointed out on the preference of going in as a direct buyer or having another agent to represent you and cobroke with the listing agent, is a matter of ethics.

Of course when it comes to commission, not having the need to share will seems very attractive to me, however, I still prefer to work with buyers with their respective agent, so that their agent would be able to cover the eligibility to purchase and sort out niggly issues on behalf of the purchaser.

I have recently closed 2 private properties sale, all through cobroke agents and I believe they have good experiences together with me.

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Robbie Chen Chee Howe
Hi,

Unless you're a veteran in property purchases and a skilled negotiator, I would suggest you appoint a "Buyers' Agent" to represent you in your purchase.

There are a lot of DIY Buyers in the market who think that they are too smart to negotiate their own deals, and ended up paying more than what they should. The irony is, they still thought that they had got a great deal out of it.

I do see any cons of engaging an agent to represent you in your purchase, if you get the right person to work with. What's more, you do not need to pay any commission for the services rendered. Do you know that in many overseas market, Buyers are actually paying their real estate agents commission to get them the right property? When the services here is "free" in Singapore, people start to have doubts whether there really is any "free lunch" around.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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