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12-15-2007, 05:54 PM #1
Renter
- Join Date
- Dec 2007
- Posts
- 1
Obligated to Pay Buyer's Agent?
I'm an FSBO and paid a flat fee to list on the MLS. I am offering a 3% commission to the buyer's agent. If I show my house to a buyer w/o a buyer's agent am I obligated to pay a commission if the buyer comes back with an agent to present an offer?
Thanks,
John in AZ
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12-15-2007, 06:00 PM #2
It should be in your agreement and explained to you at that time.
At the first time, you should have said to your potential buyer that since (s)he's not represented by an agent, it goes the abc way. But now that an agent is involved, it will be the xyz way, the 3% commission way unfortunately.
Double check your agreement though.
Flat fee are sometimes tricky because not all scenarios are explained...
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12-16-2007, 06:13 AM #3
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
Showing the house is the easiest part of selling a house. If a buyer's agent wrote the offer then you probably owe the commission.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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12-16-2007, 07:03 AM #4
Fixer Upper
- Join Date
- Oct 2007
- Posts
- 16
Just tell the buyer to add their agent's commission onto their offer. If they want representation then they should pay for it.
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12-16-2007, 07:33 AM #5
Last edited by Malok; 12-16-2007 at 07:36 AM.
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12-18-2007, 09:55 PM #6
Last I heard buyers were a little scarce in AZ. The buyers most likely want representation and if it were me buying from you I would too.
Trying to cut corners before you even have a deal. You offered it, the agent brought the offer and if you accept the offer you should pay. End of story. Showing the house is a far cry from selling a house.
Sparks Real Estate Group llc
Full Service Brokerage of Colorado
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12-19-2007, 08:20 PM #7
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12-20-2007, 06:18 AM #8
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12-28-2007, 11:46 PM #9
you are bound by your listing agreement - if you were offering 3% to a buyers agent and they have an agent - you got to pay it
Myrtle Beach Real Estate
Myrtle Beach Foreclosures
Myrtle Beach Short Sales Specilizing in Short Sales and foreclosures in Sunny Myrtle Beach, SC



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