Do I have to use my MIL as our realtor?

posted 2 weeks ago in Home
Post # 2
Hostess
2251 posts
Buzzing bee
  • Wedding: October 2017

You’re not wrong, I’d definietely use a more capable realtor. This sounds like a side hobby for your Mother-In-Law and I wouldn’t put something this important in the hands of someone’s side hobby.

Post # 3
Member
1276 posts
Bumble bee
  • Wedding: August 2018

If she were anybody else you’d fire her because she isn’t a knowledgeable realtor. I would dig my heels in on this one.

Post # 4
Member
150 posts
Blushing bee
  • Wedding: Las Vegas, Nevada

100% not in the wrong. Stand your ground. I wouldn’t even consider her not only because of the conflict of interest but clearly she isn’t knowledgeable on how to sell a house in the current market – don’t jeopardize your future over someone else’s feelings. 

Post # 5
Member
3553 posts
Sugar bee
  • Wedding: April 2017 - City, State

Absolutely stand your ground. Under what other circumstances would you hire someone to do a worse job than you know someone else would? I would tell your husband that his mother has had multiple chances to make money off of you guys but it’s time to hire someone who can get your the best deal. I would also maybe have him speak to those family members who opted not to use her so he could see why.

I would refuse to move (for as long as it’s feasible) until he agreed to work with a reputable realtor. He is not doing what is in the best interest of your family. He’s doing what’s in his best interest, which is appeasing his mother.

Post # 6
Member
81 posts
Worker bee

This is massive investment thats worth hundreds of thousands you are talking about here… not something small like getting rid of a dining room set, every single dollar counts stand your ground.. shes literally sold less than a house per year

Maybe her feelings will be hurt but she can get over it, this will literally be your future home and how much you sell current one will directly impact what you have in the future. 

ETA: I cant believe shes even thinking of charging you commission

Post # 7
Member
1142 posts
Bumble bee
  • Wedding: December 1995

You need a realtor that knows the market and can get the job done quickly.  This is not the time for someone with a side hobby. 

I can’t believe she’s charging you a commission.  I would tell him that if he wants his mother to do the job you will pay her $500 to $1000.  

Post # 8
Member
401 posts
Helper bee

It’s a longstanding tradition in my family that we do NOT mix business with family ties.  It’s worked out well for us, and we’ve seen other families go up in flames by not abiding by this principle.

Stay strong, don’t do it.

Post # 10
Member
1116 posts
Bumble bee
  • Wedding: September 2017

You’re not wrong. And I say that as a Realtor. It’s really important to be 100% competent in ypur market as a Realtor.  You could cost people thousands if you aren’t. Furthermore, if you’re not looking in an area she’s familiar with, she should immediately just bow out. Realtors work in small areas so they can get really good at being familiar with those areas. 

 

This is tough because most Realtors I know hold massive grudges when someone they know doesn’t use them. I think it’s silly. In my area, most people know a few Realtors, so you can’t just assume you’re going to be chosen even if you are family. 

 

PS- to the person who mentioned charging them for commission, she likely can not control that. Technically any commissions earned, are earned by the brokerage (like Century 21, ReMax etc) not the agent. Th brokerage then gives the agent their share. Brokers don’t often go around agreeing not to charge a commission. They really don’t care that it’s your mother or daughter or uncle. They’re in business to make money selling real estate. That goes for the big names, smaller brokerages mag be more willing to work with their agents on cutting commissions for friends & family. I work for a big broker and still had to pay more than half of my commission to the brokerage when we bought & sold our own homes. 

Post # 11
Member
4735 posts
Honey bee

Ask her how she intends to market it. If she doesn’t have a lot of plans (staging, aerial views, online marketing plus zillow) that’s not good. Ask her if the market is soft, what similar homes in the area have sold for. If she’s just going to put it in the multiple listings, and she doesnt have the answers to your questions you have ample reason to give her a pass because that’s just not enough these days.

Post # 12
Member
3777 posts
Honey bee

What if she refers you to someone more experienced in her company and shares the commission?

Post # 13
Member
1142 posts
Bumble bee
  • Wedding: December 1995

mrscb2bee :  I’ve had realtors reduce their commission fee, so it’s not unheard of, especially for repeat clients.  

Post # 14
Member
1116 posts
Bumble bee
  • Wedding: September 2017

PaperQueen :  On the list side for sure. You can list a house for 2%, if you want. Much harder to do when buying a home because the listing agent sets the commission. For example, in the MLS it will say 2.5% to Buyer Broker. The check will be written to the broker, ReMax, CB, KW whoever. If their broker agrees, great. But *most* aren’t going to

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