So I was watching BUY ME

[Akash]

Why don't the buyer and seller meet face-to-face (with the agents) like at the same table to negotiate a price. Rather than creating a contract for every single offer...not to mention then taking the offer to the respective party as well.

[Dealz-4-U]

my agent told me during the negotiation process, buyer and seller cannot see each other lol. when we were doing it, they sat out in the cold car while their agent went back and forth. told him let them in its freezing outside and he said if they come in they must stay in the basement away from here, and we had people sleeping in the basement so that was a no go. pretty funny actually

[Gloaming]

does that mean they don't get paid???

[Akash]

my agent told me during the negotiation process, buyer and seller cannot see each other lol. when we were doing it, they sat out in the cold car while their agent went back and forth. told him let them in its freezing outside and he said if they come in they must stay in the basement away from here, and we had people sleeping in the basement so that was a no go. pretty funny actually

Wierd...never knew that. When we were buying ours, we waited in the owner's living room.

[nerd]

my agent told me during the negotiation process, buyer and seller cannot see each other lol. when we were doing it, they sat out in the cold car while their agent went back and forth. told him let them in its freezing outside and he said if they come in they must stay in the basement away from here, and we had people sleeping in the basement so that was a no go. pretty funny actually
Your agent was ****ing you over. Ask her to show you where in Statutes of Ontario, 2002, Chapter 30, Schedule C as amended by 2004, c. 8, s. 46; 2004, c. 19, s. 18; 2006, c. 17, s. 255; 2006, c. 19, Sched. G, s. 9; 2006, c. 21, Sched. F, s. 129; 2006, c. 34, s. 21. (Also called REBBA 2002)

[abstract808]

Why don't the buyer and seller meet face-to-face (with the agents) like at the same table to negotiate a price. Rather than creating a contract for every single offer...not to mention then taking the offer to the respective party as well.

A friend who's a real estate agent said it's basically so the buyer and seller don't negotiate a contract around the realtors. In other words, the agents are ensuring they get paid :)

[nerd]

A friend who's a real estate agent said it's basically so the buyer and seller don't negotiate a contract around the realtors. In other words, the agents are ensuring they get paid :)
However the OREA Forms indicate that the agents get paid even if the parties to the agreements work on their own.

[shybutsly]

I think it's best when they don't meet. If you are selling and people start pointing out all of the faults in your place it can be pretty insulting.

[Rembrandt100]

my agent told me during the negotiation process, buyer and seller cannot see each other lol. when we were doing it, they sat out in the cold car while their agent went back and forth. told him let them in its freezing outside and he said if they come in they must stay in the basement away from here, and we had people sleeping in the basement so that was a no go. pretty funny actually

I highly doubt that there is a rule concerning this. When I looked at the place that I bought the vendor and his family were sitting in the living room watching TV as we walked thru. Granted we nodded at each other and let the agents do the talking but they were there.

Having said that I am not sure that I would have had the nerve to offer the seller 12 thousand less than he was asking to his face. So I let the agent do it. You could have knocked me over with a feather when he came back and said I had 30 mins to agree to 6 thousand less instead. To put this into perspective the asking price was $102,000, I offered $90.000, we settled at $96.000.

Dave

[Dustbunny]

I think for the most part it's simply because unless you are an experienced negotiator you could end up giving too much away (as either seller or buyer) with your behaviour. Much better to have that few minutes out in the car or where ever to be able to think for a few minutes than get into a match and maybe making a big mistake in how or what you offer or take. Also personalilities stay out of the picture. You have no idea as a seller whether you like one buyer better than another or anything else that might sway you vs getting the most for your house.

When I sold last year it was a bidding war so realtor after realtor coming in at the appointed time. The one instruction I got from my realtor was to keep the best poker face I had through it all. That would have been impossible had the buyers themselves been let in as things got very heated between them even though they were outside.

So this keeps the emotions of both buyers and sellers separated through the realtors who can hopefully keep perspective. With one house I sold I was ready (even with realtors in between ) to tell the potential buyer to hit the road. They were just really annoying me with their requests and comments. Had they been there in person, they certainly would have been shown the door. Meanwhile the realtors mediated and mine put a few things in perspective for me so I would reconsider. So there are advantages to not having face to faces.

[ccdude]

Here is the true reason.

The Agents dont want buyers and sellers to meet because they dont want there to be a chance you guys will cut a deal without the agent and they get NO COMMISION.

[Dealz-4-U]

I highly doubt that there is a rule concerning this. When I looked at the place that I bought the vendor and his family were sitting in the living room watching TV as we walked thru. Granted we nodded at each other and let the agents do the talking but they were there.

Having said that I am not sure that I would have had the nerve to offer the seller 12 thousand less than he was asking to his face. So I let the agent do it. You could have knocked me over with a feather when he came back and said I had 30 mins to agree to 6 thousand less instead. To put this into perspective the asking price was $102,000, I offered $90.000, we settled at $96.000.

Dave
Maybe not a rule set in stone, but perhaps realtor etiquette I suppose?

[Dustbunny]

Here is the true reason.

The Agents dont want buyers and sellers to meet because they dont want there to be a chance you guys will cut a deal without the agent and they get NO COMMISION.

I don't know how that would happen. If the seller has signed on with a realtor they have a contract. Where I live there are even clauses about what happens if you sell/buy a house to someone the realtor brought (or a house they showed you) within a certain period after the contract expires. It's pretty straight forward. Once you sign a contract they get their commission unless everyone including them amends that contract.

[IoannI]

I'm not a realtor nor have I purchased a home, but what I think is the reason for no allowing the buyer and seller meet face to face is basically because of negotiating reasons. If the seller has priced his or her property at 350,000 and the buyer is offering 325,000 becuase he or she does not feel that the house is worth the money. So they don't get into disagreements. Also maybe to make it more professional.