This morning I was reading the Inman News Article Are Buyers Agent Bonuses Unethical? First let me say, I’m not a fan of Buyer’s agents bonuses. If the Seller, has a reason to reward an agent for bringing a Buyer, it probably means they have the funds to reduce the price. I don’t make the buying decision the Buyer does, influencing me won’t give the Buyer a reason to choose your home. A price reduction will!!
What the article fails to disclose, is that we have to disclose! All parties to the transaction would have to be notified that a Buyer’s Bonus was being paid. It’s not the bonus that was unethical, but the way the transaction was handled. I’m still not a fan of Buyer’s bonuses. But if you’re going to be a party to this type of transaction DISCLOSE!