This from a very senior broker at one of the big firms;
"Thanks, you know -i'd rather do a co-broke then a direct. The owner wants to cut your commission to a cobroke commission-you do twice the work and its hard because you relate to both buyer and seller.
With a cobroke- its so much easier- and hey-you have to do the board package!!!"
I could not have said it better myself! This in response to an email I sent letting an agent know that a buyer whom had contacted her directly about a listing, had now engaged me as their "Buyer-broker".