Quote:
Originally Posted by Plinker
Wait. Let me get this straight. If I make a cash offer without a buyer agent then I am forced to sign a contract with you, the seller agent, as my buyer agent? Are you saying that no home can be closed without both seller and buyer agent contracts?
The work you provide me is minimal and you get the entire commission known as double dipping?
Here is my solution. If I were selling my home using the conventional seller/broker split at 5% (2.5 each),
if the buyer initiated the purchase without a buyer agent, then your commission reverts to 2.5% and I get the half you did nothing to earn.
Or, I would hire a buyer agent that exclusively represents me and they would get the 2.5.
Another solution is to ban transactional realtor status.
|
Quick answer: Seller is paying listing brokerage x%. Regardless of whether the buyer was procured by listing brokerage or another brokerage they are still paying that x%. Seller has the choice of whether or not they agree to let listing broker split that x% or not. It is in their best interest to do so in my opinion. If they are not willing to, then their house is just going to sell for less because whatever the buyer offers is going to take into consideration what they may have to pay the agent that they are working with. Therefore the split % is still coming from the seller