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re: Buyer paying the Buyer Agent a fee

Posted on 10/6/16 at 8:08 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 DieSmilen
My Rubbermaid Desk
Member since Dec 2007
1735 posts
Posted on 10/6/16 at 8:20 pm to
Is it being disclosed to the seller?

(22) Failure to advise all parties to a real estate transaction in writing of compensation being received from any source in connection with that real estate transaction.
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 10/7/16 at 7:53 am to
quote:

I'd walk away and let them know why.

A few months ago I was all set to buy a land cruiser out of miami. I had them send me the buyers order and it had $1,250 in dealer fees. I walked and told them why. They offered to ditch them but I was soured.
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