Chad Syverson

What's unusual about residential real estate is both sides have an agent at the same time. That's not totally unique, but it's atypical for agency-based businesses. purchase industries.

That's right. You've got two sides, and each side has their own representative. It is different from other agent-based, middleman-quote-type companies. purchases like buying insurance through an insurance agent or using a financial advisor to buy stocks or securities, there's only one party you're dealing with.

That's right. You've got two sides, and each side has their own representative. It is different from other agent-based, middleman-quote-type companies. purchases like buying insurance through an insurance agent or using a financial advisor to buy stocks or securities, there's only one party you're dealing with.

That's right. You've got two sides, and each side has their own representative. It is different from other agent-based, middleman-quote-type companies. purchases like buying insurance through an insurance agent or using a financial advisor to buy stocks or securities, there's only one party you're dealing with.

Whereas residential real estate, you've got your agent and the other side has their agent.

Whereas residential real estate, you've got your agent and the other side has their agent.

Whereas residential real estate, you've got your agent and the other side has their agent.

And in fact, quite likely in most markets, they might be familiar with each other and have worked together before and importantly, expect to work together again. Quite often, they actually work for the same company. They're actually sharing their compensation and the back office bits and their colleagues, which is not so typical in, say, law.

And in fact, quite likely in most markets, they might be familiar with each other and have worked together before and importantly, expect to work together again. Quite often, they actually work for the same company. They're actually sharing their compensation and the back office bits and their colleagues, which is not so typical in, say, law.

And in fact, quite likely in most markets, they might be familiar with each other and have worked together before and importantly, expect to work together again. Quite often, they actually work for the same company. They're actually sharing their compensation and the back office bits and their colleagues, which is not so typical in, say, law.

In fact, I think there are rules against that for lawyers where it's just a matter, of course, in residential real estate. In fact, every once in a while, you get two sides represented by the same agent. They're working both sides of the deal.

In fact, I think there are rules against that for lawyers where it's just a matter, of course, in residential real estate. In fact, every once in a while, you get two sides represented by the same agent. They're working both sides of the deal.

In fact, I think there are rules against that for lawyers where it's just a matter, of course, in residential real estate. In fact, every once in a while, you get two sides represented by the same agent. They're working both sides of the deal.

Yeah, I think you nailed it with that description. There could be good things in terms of understanding the market from both sides. But on the other hand, these frequent, repeated interactions between agents can lead to to this behavior of, hey, this is how it works in this industry and it works well. And if you want to do something different, I'm not sure we can keep working together.

Yeah, I think you nailed it with that description. There could be good things in terms of understanding the market from both sides. But on the other hand, these frequent, repeated interactions between agents can lead to to this behavior of, hey, this is how it works in this industry and it works well. And if you want to do something different, I'm not sure we can keep working together.

Yeah, I think you nailed it with that description. There could be good things in terms of understanding the market from both sides. But on the other hand, these frequent, repeated interactions between agents can lead to to this behavior of, hey, this is how it works in this industry and it works well. And if you want to do something different, I'm not sure we can keep working together.

You have the legal right to propose that. They have the legal right to take you up on it. But they choose not to. Now, why do they choose not to? Because they know if they start deviating from how things work and everyone starts doing that, then the system might fall apart. The NAR will tell you, of course, you always have the right to negotiate over commissions.

You have the legal right to propose that. They have the legal right to take you up on it. But they choose not to. Now, why do they choose not to? Because they know if they start deviating from how things work and everyone starts doing that, then the system might fall apart. The NAR will tell you, of course, you always have the right to negotiate over commissions.

You have the legal right to propose that. They have the legal right to take you up on it. But they choose not to. Now, why do they choose not to? Because they know if they start deviating from how things work and everyone starts doing that, then the system might fall apart. The NAR will tell you, of course, you always have the right to negotiate over commissions.

But your experience and the experience that I know other folks have had is when you try, you're often met with what you describe, which is, I'm sorry, that's just not how I do business.