Quote:
Originally Posted by Marine1974
So your house sells faster , the commission for the buyers agent is paid out of the seller’s commissions, doesn’t affect you . You still pay agreed upon commission it’s just split unless the sellers agent brings a buyer which I doubt will happen.
Contracts are important of course .
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I view the commission a little differently than some people. As a seller, I agree to pay a commission to the listing broker to represent me and to buy their sales expertise and negotiation skills to sell the house for a good price. I expect them to earn the commission, or I wouldn't be agreeing to pay it. I am not and would not pay a commission to an agent who is representing a buyer because that is a conflict of interest. It also sounds like a violation of Florida law about the "dual agent" prohibition stated in Post No. 30. If a buyer wants someone to represent their interests, they should pay an agent or lawyer for that representation. Why should I pay for it? When signing a listing contract, I would make it very clear to the listing broker, that none of the commission that I pay at the closing can be used to pay an agent who has a contract with the buyer or, in any way, represents the buyer in the negotiations. It almost sounds like the real estate industry is trying to treat the sales commission as an automatic add-on fee to be shared by the licensed agents involved in the transaction.