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Val Evans

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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

And it is for this reason I always have my Buyers sign a Buyer's Rep Agreement.  I don't understand why people still proceed without this protection.  We have our Sellers sign contracts but the Buyers are free to pay us if they choose????

Nov 12, 2015 12:53 AM
Rainmaker
633,820
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Recently had one of my Buyer clients find a FSBO on their own, I negotiated the deal w/ the Seller for them, Buyers paid me and said it was worth every penny. Always get your Buyer broker agreement signed, I don't understand why so  many agents risk working for free?

Nov 12, 2015 01:19 AM
Rainmaker
5,244,251
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never had a buyer have to pay a commission and never been a big user of a buyer agreement. Those who do are better for it!

Nov 12, 2015 08:05 PM
Rainmaker
979,596
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Val - Fortunately I have never had to deal with that, and hope I never do.

If a situation ever comes up where a seller/listing agent will not provide a co-broke commission to the buyer's agent, then that is where you need a buyer broker agreement to ensure you get paid from the buyer.

Nov 12, 2015 02:34 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

never.  

Nov 12, 2015 12:13 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

None, ever.

Nov 12, 2015 11:35 AM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have had a situation where the buyer paid a fee on top of the seller paid commission and it was negotiated up front and the buyer realized they were a handful.

Nov 12, 2015 09:49 AM
Rainmaker
1,731,203
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Never ....I have been blessed to never have a problem with this.

Great question!

Nov 12, 2015 05:57 AM
Rainmaker
212,755
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I've only had it happen once, luckly I always get the buyers rep signed otherwise I would have been working for free.

Nov 12, 2015 02:50 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

The buyers rep contract spells it out.  I have had buyers that bought a home knowing they would have to pay some of my commission

Nov 12, 2015 01:40 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Val Evans My fee is always covered in the Buyer Broker Agreement. A recent commercial deal where the seller (U.S. Government) was not paying a fee to the buyer's agent.

Nov 12, 2015 01:35 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

my team members and I are listing agents....I think it's doing the seller a great disservice by NOT offering an equal split to the buyer's agent.... it's wrong on many levels....

Nov 12, 2015 01:11 AM
Rainmaker
4,583,784
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

One and there wasn't a buyer brokerage agreement in place at the time. 

Nov 12, 2015 01:07 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

The Buyer Representation Agreement or Buyer Customer Service Agreement is like an "employment agreement".  If you don't have an "employment agreement", then you accept whatever the buyer is obligated to pay, which could be zero, or whatever the listing in the MLS specified.

Nov 12, 2015 01:01 AM
Rainmaker
1,242,204
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I tell them I will not be getting paid and would like buyer contribute a flat fee for my effort.  Many business opportunities the listing agent claims the buyer agent is not a member of xx association and they will pay the other licensed raltor they have a ccim credential blah blah....

The commission is often low and the time it takes is a lot.  That is one reason most agents are not interested in commercial or business opportunity.

Nov 12, 2015 12:50 AM
Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Never.

Nov 09, 2019 06:01 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

As long as they know ahead of time and adjust the offer price accordingly or write it into the offer that the seller will pay this to their agent.

Feb 05, 2019 08:50 PM
Rainmaker
4,905,762
Richard Weeks
Dallas, TX
REALTOR®, Broker

Never

Nov 12, 2015 09:48 PM
Rainmaker
5,115,873
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

In almost 25 years, not a single one. And never needed to ask either. Always was paid through the listing firm that offered compensation for bringing them the buyer.

Nov 12, 2015 08:33 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Not yet, although it is possible on a FSBO if the seller won't pay it.

Nov 12, 2015 10:45 AM
Rainmaker
637,484
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Not happened to me. But close several times with commercial buyers.

Nov 12, 2015 07:28 AM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I've never had it happen, Val. All my deal have had clear terms including commission split.

Nov 12, 2015 07:06 AM
Rainmaker
4,272,934
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have had the Buyer and the Seller split my commission twice in 17 years!

Nov 12, 2015 06:51 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't yet, but the time may come.  If you have the agreement it will be put on the HUD and be paid at the closing table.

Nov 12, 2015 03:24 AM
Rainmaker
5,879,125
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have a flat fee company in town that offers just a flat fee, and with the buyer's agency agreement signed, buyers have to make up the difference.

Nov 12, 2015 02:50 AM
Rainmaker
657,208
Martin E. Kalisker, Esq.
Natick, MA
Real Estate Law From A Practical Perspective

As real estate becomes bifurcated more and more, buyers will be paying separately for these services on a regular basis. I hope the closing disclosure has some place other than "misc" for these fees!

Nov 12, 2015 01:31 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It has not happened to me.

Nov 12, 2015 01:06 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The buyer hands me a check made out to my broker and I say, "Thank you very much." Or, they may hand the check to the title agent. The Broker must be in the loop and get their cut.

Some buyers state they do not want to see ANY real estate that defers traditional seller cost onto the buyer. So, that makes it REAL easy.

Other buyers want 'off-market- real estate where no seller broker exists.

Buyer direct compensation transactions happen more often than you can imagine, you can't see/monitor them in the MLS but they are not invisible.

In 2015, some variation of this occurred 4 times. 

Be aware, buyers in certain situations CAN NOT compensate their agent directly. If you get stuck, you will be working FREE.

Nov 12, 2015 12:52 AM
Rainer
392,768
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

I always get paid at closing table when working as a Buyer's agent for a FSBO.

Nov 12, 2015 12:50 AM