There are some very valid points in this Feedback post. The Buyer's Agent comments should be taken with a grain of salt. The heads up that the house is the favorite can change on a dime. It is not the time to tell the Selker until check and offer accompany the words.
I just read a featured post by Brenda Mullen (to members only) about Feedback, and I thought I’d share my opinion on this topic. I was always a listing agent and nothing has changed with my team. I have to admit, I attempted to introduce buyer agency, but the calls continued to come in to list property. Why fight it!!! We are listing agents!!!
When I was actively listing property, I would share my opinion and procedure with feedback at the listing presentation. The one thing I never did was spend time chasing buyer agents for feedback. The seller needed to understand agency and how it works. A good buyer’s agent is not going to be honest with a listing agent and say marvelous things about a listing his/her client may buy.
If a buyer was interested, that buyer’s agent would alert me that there was interest, and I would file that thought. I never relayed it to the seller because interest can change quickly to “not interested.” If the buyer agent called to inform me that an offer would be written, that was filed, too. Until I had the offer and check in hand, there was no feedback to the seller needed other than the house was shown.
As a listing agent, I knew what fair market value was and that was shared with the seller; I knew what objections there would be, and that was shared with the seller. The seller did not need to hear any comments, truthful or not, from anyone other than me. If my opinion was not enough, they needed to list with someone else and I made that clear.
Listing agents are the only source of information a seller needs; and buyer agents should be focused on their buyers’ needs and not bother giving half- truths and/or totally fabricated feedback to listing agents. Feedback is not productive for buyer agents or to listing agents.