I know. I list REOs and I prefer that buyers, especially, new investors, or actually any type of buyer, for that matter has his own agent.
When we list REOs, there is so much more to do than just "list" the property. We have to take care of the property and practically babysit it until it sells.
When a buyer comes to me, sure I welcome him, but only if he has an offer that will likely get accepted by my client, the bank or the asset manager.
Bribing me with double commissions with a low offer when the REOs are already receiving multiple bids is simply wasting everyone's time -- please do not do that -- you will only look amateur, to say the least.
I welcome anyone's opinion on this matter as it relates to going directly to a listing agent to try to get a better deal.
Remember: A listing agent represents the sellers and has the fiduciary duty to his client, the sellers, not the buyers. Don't think you know more than the agents -- agents take years to learn the ropes of the trade and those who are in the business to stay will value their reputation, than a few thousand dollars earned on a "deal". Those agents who are truly ethical will not be easily swayed by money.
I see the big picture everyday.
Real Estate Investor and licensed agent