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re: Buying a FSBO House After Working With A Realtor
Posted on 8/1/16 at 2:49 pm to baldona
Posted on 8/1/16 at 2:49 pm to baldona
quote:
Let's say you are a criminal lawyer representing someone for murder, and during the trial someone else confesses. My bad lawyer, didn't need you after all so no pay necessary right?
This is why lawyers are paid up front with retainers. It's the nature of the business.
If it's that big of a threat to the Realtors business perhaps she should change her business model and contract.
Posted on 8/2/16 at 9:29 am to NYNolaguy1
quote:
This is why lawyers are paid up front with retainers. It's the nature of the business.
If it's that big of a threat to the Realtors business perhaps she should change her business model and contract.
Some are changing their business model. They will charge a flat fee up front and then a smaller % commission than traditional for the close. It can actually be much cheaper for the customer in the end (if the property closes) but gives the realtor some protection for the work they do if the deal doesn't actually close. Essentially it more evenly distributes the risk of the deal not closing between realtor and customer since both have a role in whether you ever get to closing.
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