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re: Buyer paying the Buyer Agent a fee

Posted on 10/6/16 at 6:11 pm to
Posted by lsu711
Member since Sep 2003
13143 posts
Posted on 10/6/16 at 6:11 pm to
Thanks for the feedback. That's what I thought, but wasn't sure if this was common nowadays.

The agent told me that term is in most of their agreements and that it "basically helps us pay for our staff." That set off the alarms.
Posted by BigAppleTiger
New York City
Member since Dec 2008
10393 posts
Posted on 10/6/16 at 6:21 pm to
Posted by Finch
Member since Jun 2015
3162 posts
Posted on 10/6/16 at 8:08 pm to
quote:

Thanks for the feedback. That's what I thought, but wasn't sure if this was common nowadays.

The agent told me that term is in most of their agreements and that it "basically helps us pay for our staff." That set off the alarms.



The part of the commission taken by the broker pays the staff.

I'd walk away and let them know why. If they're going to nickel and dime you for $250, can you trust them to get you the lowest possible purchase price?
Posted by Balloon Huffer
Member since Sep 2010
3421 posts
Posted on 10/9/16 at 11:43 pm to
this is complete BS.

Run away from this agent and company right away.

Get a real agent/ company.
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