Buyer paying the Buyer Agent a fee

In addition to the commission they are getting or in lieu of?

I'm assuming this stipulation is included on the exclusive buyer's agreement which you signed. Is this the first time reading it?

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This is on the exclusive buyers agreement

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I've never seen nor signed anything like this. Granted my realtor is a friend but I don't see what it benefits you.

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.

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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.

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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?

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.

To be honest with you, in 30+ years of buying and selling real estate, I've never seen such a thing. It screams conflict of interest to me. In my experience, a buyer's agent is typically paid by the buyer and works for and represents the buyer's interests. Many buyers (inaccurately) refer to the agent that shows them a house as "their" agent. But if that agent is being paid a subagent fee by way of the seller's agent, they're actually also the seller's agent - the buyer (in this case) doesn't really have an agent. Their only obligation is to treat the buyer fairly and ethically.

In the scenario in the OP, I'd ask this woman who she'd be representing if the deal hit a snag and she had to pick a side? I mean, how often do you hear of one attorney representing both the husband and the wife in a divorce? If it's contested, I can't see that ever happening.

Lastly, is she just a state licensed real estate agent or is she an actual Realtor? Meaning, is she a member of the National Association of Realtors? Personally, I'd look into that. I wouldn't do business with her or her agency in any case. But if she's been sketchy along the way, I'd probably also drop a dime on her as I walked away.

this is complete BS.

Run away from this agent and company right away.

Get a real agent/ company.

I've seen buyers agents do this every so often. Ive seen one for $1000. If you can get it and both parties feel you are worth it, go for it. Their are also people who manage the contract for the agent start to finish that typically charge $250 from binding contract to closing for their services. Probably what the agent is passing along to client.

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As a buyer I'd rather finance my agents fee into the purchase price, especially at 3.5% interest over 30 years. Closing costs and 20% down is enough cash out of pocket in my book.

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I don't see why you would not still be able to do that. It would take a change in lending practices, but it's not something that is impossible to do.

In the end, the buyer is getting the same amount of money, everyone knows that the commissions get paid out of closing proceeds anyway, one way or the other. So the net numbers don't change. The appraisal value doesn't change.