Appointing 2 auctioneers to sell home?

B

babydays

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I've noticed many sale boards outside houses for sale that have two estate agents acting as seller for the house.

How does this work in practice? Does the agent to get the sale get the fee or is it shared???

Are there disadvantages to this? e.g. if the fee is shared does it act as a disincentive for the agent (as fee is reduced)?

Would love to hear of experiences or opinions of this as am due to put house on market over next weeks.
 
The selling agent gets the fee. Both agents get advertising funds from the vendor.

It can work providing both agents know what their position is from the start.

Personally I would be more inclined to employ Agent A for say 6 months and then add Agent B into the mix if A hasn't performed.
 
It can also get messy. For example, what is "the selling agent"? Say buyer A views the house with Agent A, but subsequently pays the deposit to Agent B. Under Irish law the first agent is the seller in this case as they introduced the buyer, however, Agent B has the deposit and will probably consider himself the seller.

This probably wouldn't happen, but never say never!

Even agreeing a 50/50 fee split may result in one agent sitting back and letting the othe do the work.
 
Hi babydays. I know of some cases where 2 auctioneers act and they agree to split the fee. However, as said above, it can get messy. Some auctioneers refuse to work with others on the basis they think they will do all the work and get half the fee.
 
Lobby,

I had a similar experience when looking for a house previously.
I first viewed a house with auctioneer A. Auctioneer A subsequently didn't return my calls when I had further queries. Also Auctioneer A didnt' have a brochure on the day and didn't follow up to get me one. So I went to Auctioneer B who actually gave me lots of info and good advice on what could be done with the house etc, she also had a brochure etc.

As it happens I didn't go for that particular house but I would have been much more inclined to have viewed it for the 2nd time with the more helpful auctioneer.

I always wondered what would have happened had I bought the house with auctionner B considering the 1st viewing was with auctionner A. !

Thanks all - it sounds quite messy to have two auctionneers. I was thinking of it as there's a local autioneer with her finger on the pulse locally but there's interest by a national auctioneer the rep of which I hold in high regard....
 
Two agents doesn't work. You pay the same money yet split it between two people. So they both do a half-assed job because neither wants to be the fool who does all the work for half the commission. Instead they concentrate on their other full commission jobs and hope the house sells itself.

It sometimes happens because the seller is friends with an agent but would prefer to use another larger or more local agent - so both are hired. Agents don't really sell houses, they do some dogwork like viewings and signs and they negotiate the deal at the end. This work is not amenable to sharing. In my opinion it makes little difference nowadays which agent you hire as all the ads are on the same website.
 
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