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Old 03-13-2008, 04:36 PM
 
Location: Salem, OR
15,026 posts, read 37,036,070 times
Reputation: 15671

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Quote:
Originally Posted by cneal84 View Post
Broker's Fee
(A) it is broker's policy to accept compensation offered by the listing broker and/or the seller. Broker may be paid a fee that is is a percentage of the purchase price. Even though broker's fee may be paid by seller or listing broker, broker will continue to represent the interests of buyer.
Special Instructions: 2.5%
Tell where in this text it says I'm paying.
I agree with Captain Bill that all this clause does is clarify that even though she is being paid by the seller, she is still representing your best interests.

If this is the only clause that addresses her fee then it is one of the worst buyer agency agreement clauses I have seen. You can't force a FSBO seller to pay your fee. An agreement with you has nothing to do with the seller.

I know at the top of Oregon standard agreements (I use my own), it states that the agent will ONLY look for homes that are offering compensation. Yours may say something similar. This is a home NOT offering compensation, so it wouldn't be a part of the buyer agency agreement. You need to read the entire contract and the fine print.

They are so clear here in Oregon...
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Old 03-13-2008, 05:28 PM
 
Location: Gorham, Maine
1,952 posts, read 4,846,854 times
Reputation: 1442
cneal,

I don't think you've transcribed the entire clause in the agreement that is going to help us. As I said previously you should seek to terminate the agreement, because your relationship is not healthy. Buyer Agency isn't for everybody.
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Old 03-13-2008, 06:51 PM
 
Location: Central Texas
20,848 posts, read 41,405,420 times
Reputation: 24469
I don't think you've transcribed the entire clause in the agreement that is going to help us.

Yes, what does Broker's Fee (B) (and, C, D, E, and so on, if applicable) say? That's pretty important.
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