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Old 09-21-2011, 01:16 PM
 
1 posts, read 2,169 times
Reputation: 10

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I have a house for sale "by owner". A licensed realtor referred a buyer to me (I am not a realtor).

My question is: Am I supposed to pay a "finders fee" to the realtor? Is the buyer supposed to pay the "finders fee"?

In either case above, how much should the finders fee be?

Thanks,
[EMAIL="Jimmybevis@comcast.net"]Jimmybevis@comcast.net[/EMAIL].
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Old 09-22-2011, 09:54 AM
 
Location: Albuquerque, NM
1,566 posts, read 3,267,875 times
Reputation: 3160
I think the typical fee for a listed home is 6%. If a different realtor brings a buyer, that is split 3% each. So this realtor is probably looking for 3%. But I would think anything is negotiable.

However, is this a legit buyer? I ask because when I was selling a house FSBO about 8 years ago I would get letters from agents saying they had a buyer for my house -- please cal them! But it turned out that the "buyer" evaporated, and the realtors really just wanted me to list the house with them.
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Old 09-22-2011, 09:55 AM
 
Location: southern california
61,290 posts, read 87,087,136 times
Reputation: 55549
here, finders fees are a violation of board of realtors regulations.
however, the list of ongoing violations is long.
i have been asked for 300 bucks.
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