ShopProp Full+ or dual agency is when ShopPro list and markets your home for sale and the seller offers a commission to the buyers agent. This give you the most exposure because 98% of all homes that are sold have an agent involved. However unlike most brokers if ShopProp represents the buyer and you ShopProp does not collect the buyers agent commission. The listing fee simply increases $1,000.
ShopProp's goal is to deliver you the highest price for your home and if that happens to be from a buyer in our network you as the seller do not pay the buyers agent commission.
Even though as a seller you pay less commission if we act as dual agent this doesn’t stop you from offering a full buying commission of 2.5-3% in the MLS to the agent that represents the buyer. This way other agents will show and sell your home. It simply means if we happen to represent both the buyer and seller your commission is drastically reduced.
It does not stop you from allowing the buyer to add the buying agent commission back in so they can use it for closing costs or take a check after close if allowed by their lender. This gives the buyer more options when buying your home.
A perfect example of this is a home that we recently listed for $950,000. The seller offered a 3% commission to the agent representing the buyer. The offers we received from other agents were right around $920,000. Our seller wanted full price and eventually a buyer came direclty to ShopProp. The buyer offered $920,000 and the seller did not have to pay the 3% commission to the buyers agent. This enabled our seller to receive full price and the buyer to purchase the property under asking price.