114. GOING TO LOOPNET ? – YOU MAY FIND THAT YOU ARE SWIMMING WITH THE SHARKS!!!!!

You do not have to be a member of Loopnet to place listings. Agents without written listings are placing pocket properties on Loopnet, then the agent has your buyer sign a Confidentiality Agreement where there is hidden a promise for the buyer to pay the commission (because the seller will not). With your buyers contact information, the agent starts sending your buyer other properties that you do not know about in an attempt to cut you out. Also there is no agreement on Loopnet to share commissions; dont assume you have a commission agreement unless you get one in writing with the Loopnet agent.

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