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Old 07-19-2012, 01:16 PM
 
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The commission is stated on the listing agreement.
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Old 07-19-2012, 01:17 PM
 
Location: Martinsville, NJ
6,159 posts, read 10,898,990 times
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Quote:
Originally Posted by kstaggs7225 View Post
The commission is stated on the listing agreement.
But I have to assume you, as an agent of the buyer, never saw the listing agreement. You aren't a party to that agreement.
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Old 07-19-2012, 01:18 PM
 
Location: Tempe, Arizona
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Quote:
Originally Posted by kstaggs7225 View Post
Well, if the answer came from a RE lawyer...
Thanks!
You're welcome . The lawyer is highly regarded, and has provided consulting with our local MLS.
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Old 07-19-2012, 01:18 PM
 
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True, but I know the commission is 3% to buyer's agent because it's now in the MLS.
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Old 07-19-2012, 01:25 PM
 
Location: DFW - Coppell / Las Colinas
29,945 posts, read 34,553,963 times
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Quote:
Originally Posted by kstaggs7225 View Post
True, but I know the commission is 3% to buyer's agent because it's now in the MLS.
We have a company form "One Time Showing Agreement" that we send to (usually a FSBO) or any seller / agent that has not placed the home in the MLS prior to viewing the home. That agrees to let us show and also to pay a commission if we buy a home.

These things should be worked out prior to showing a home since the commssion agreement is not part of the contract.
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Old 07-19-2012, 01:26 PM
 
Location: DFW - Coppell / Las Colinas
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Quote:
Originally Posted by kstaggs7225 View Post
True, but I know the commission is 3% to buyer's agent because it's now in the MLS.
Can you resubmit your offer ?
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Old 07-19-2012, 01:26 PM
 
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Thanks for the information Rakin!
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Old 07-19-2012, 01:27 PM
 
Location: NJ
17,579 posts, read 38,320,873 times
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Quote:
Originally Posted by kstaggs7225 View Post
The commission is stated on the listing agreement.
I'm just playing devil's advocate. What if the listing agreement said zero commission to the buyer's agent?
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Old 07-19-2012, 01:28 PM
 
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Yes, but they have now increased the price above my buyers max.
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Old 07-19-2012, 01:29 PM
 
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There's NO way the original listing contract said 0% to buyer's agent & then 2 days later be listed in the MLS for 3% to the buyer's agent. Thanks for the thought though!
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