There are frequent threads where we discuss the pros/cons of working for real estate agents. I had a recent experience unrelated to lawncare that I think aptly illustrates the type of ethics these people have and why you should always be careful when dealing with them. I recently inquired with the agent who sold me my house about listing it with him for sale. We dont' like the area and want to move on. Home prices have thankfully skyrocketed and it's worth quite a bit more than we paid for it. I have independently established a reasonable price range via comps and other methods, with a high degree of confidence. This agent was nice, friendly, seemed sincere. And since we knew him already, we thought of him first. He mentions during the interview that he might already have someone who would love our home. Good. Then a day or two later he calls back with the listing price they have determined for my home. It's about $50,000 below even a very conservative market price! I quiz him on how he came up with this low price, but get a lot of vague answers. I also noted that many inferior homes listed by his brokerage were priced higher than even my estimate of its value. I was mystified. Why so high on other homes they listed but so low on mine? Explaining this to my brother and father, both in the home building business, my brother jokes "maybe the broker's nephew needs a house". Well guess what? Turns out this agent's potential buyer was his FRIEND! Looks like he was gonna list it, have his buddy buy it at way under market price, collect the full 6% commission quickly, rather than risk splitting it with a co-operating agent with another buyer, and basically totally rip me off. His buddy gets a cheap house, he gets a bigger comission than he'd probably get if it was priced properly and took a while to sell, and I lose a year's pay in a day. He just assumed we'd be thrilled to make a profit on the house so soon anyway and wouldn't independently research the home's value. It was only after I read about this "trick" in a book I bought on home selling did I realize that this is apparently common enough to be one of the things the author warns sellers about. My suspicions were confirmed totally when the home next door went on the market this week for exactly what I wanted to price my home at. His brokerage was the listing one! (he said all prices have to be signed off on by his broker too. More BS, apparently) This guy was the most sincere, honest, down to earth sounding guy I'd met in a long time. Which just goes to show you, they're better at this than we are. So be careful when doing business with them.