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[quote=Anonymous][quote=Anonymous]I am looking to purchase a townhome and have contacted a RE Broker. Broker has sent me a "Exclusive Right to Represent Purchaser Agreement" which has a compensation clause that states as below:

1. Broker's Fee shall be earned, due and payable under any of these circumstances
[b]whether the transaction is consummated through the services of Broker or otherwise[/b]

2. Broker's Fee shall be 3% or per MLS listing plus $295.
If the seller or the seller's representative offers compensation to Broker, then Purchaser authorizes Broker to
receive such compensation and the amount of such compensation shall be credited against Purchaser's
obligation to pay Broker's Fee. [b]Broker may retain any additional compensation offered by the seller or
seller's representative, even if this causes the compensation paid to Broker to exceed the fees specified above.[/b]
In no case shall Compensation be less than the fees specified above.

My main concern is regarding (1) as I am considering potentially buying directly from the owner from whom I am currently renting. I do not think it makes sense to pay a 3% commission to buy the home which I am already renting for 2 years. Is this a standard clause with all Brokers?

#2 may be fairly standard but in light of #1 I want to just validate if this is the norm.

Thanks[/quote]

I don't think this is the norm.  We've worked with multiple agents in various states and DC and never signed such a document.[/quote]

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