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Reload this Page Closing Costs w/Real Estate Agent (lawyer, buying a house, buying)
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Old 05-27-2011, 09:52 AM
 
28 posts, read 95,718 times
Reputation: 13

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I have a question.

Say that you are buying a house and have a real estate agent. Can your real estate agent offer to give you a percentage of their commission to earn your business? Say to help with closing costs, etc.

Is this legal? Is it allowed? How would this be proved - you shouldn't just take their word. Would it be in your contract?

Any help would be appreciated.
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Old 05-27-2011, 09:57 AM
 
Location: NJ
17,573 posts, read 46,144,871 times
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//www.city-data.com/forum/new-j...ack-buyer.html
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Old 06-01-2011, 11:21 AM
 
Location: Imperial Beach California
15 posts, read 20,561 times
Reputation: 23
I'm not a lawyer and if a client asked me to help with closing costs... I'd have to talk with a lawyer first. As Realtors our commission is ALWAYS negotiable. That's the real point. I have agreed to reduce my commission slightly to help close a deal BUT I have never paid closing or other transaction costs from my commission.. don't know if that helps
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