There are a couple of sentences when talking with new customers inquiring about one of my listings that I don't like to hear. When asked if they are working with a Realtor they reply:
followed by
This usually means the relative is not living to our area, and although they may have their license in the state it is very likely they are unaware of the issues that are unique to our territory. This also means the relative may not have access to local MLS information (sales history, tax assessments, etc.) and will not understand the true value of the home based on sales in the area.
Understanding that the main reason for using a relative is to save on the commissions, or to support their business, I would like to suggest the following solutions to the real estate agent to ensure everyone is adequately represented.
In the end if you are want to give all of your commission to your relative you can, but make sure they get the best representation in the transaction!
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