Vancouver Condo Real Estate Video Blog #733 - October 1, 2012
Using the Listing Agent to Buy Your Vancouver Condo by Ian Watt
Ian Watt video blogs about some buyers use the listing agent to buy the condo instead of using their own buyers agent in hopes that they will benefit monetarily. That may be the case but there are definite limitations on what a realtor can do when representing both parties. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2012.
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Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. A lot of people think that if they go to the listing agent directly instead of using a buyer’s agent that there is a huge benefit and there might be but a lot of people are thinking they could save some money. Now I’ve listed up a contract for ex amount of dollars whether I share it with another realtor or not. There are some benefits but they are definitely limitations. I cannot explain the motivation of either side I cannot say this people just won a lottery or these people just lost their jobs. I cannot coach people on pricing if I’m working for both sides. What happens if you asked me to represent both parties I have to get both parties to sign a dual agency form and they have to agree to all the conditions and limitations of my role. When I’m representing you as an individual in a classic sense with there’s two realtor, two companies, 2 buyers and 2 sellers. I’m like a coach from my client. But when I represent both sides I don’t act like as coach I act as a referee. I’m like a mediator that’s all I can do and I hope people go back and forth and there are some things that I could do to assist but my hands are tight about giving information that you're looking for. My name is Ian Watt and if you have any questions. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!