Reply to Sellers, pls stop offering pay buyer's agent commission!

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Reply to "Sellers, pls stop offering pay buyer's agent commission! "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If they are offering to pay no need for you to sign a contract.[/quote]

yes there is. that’s what the recent settlement requires. and of course the deal is between the buyer and seller - not the buyer’s agent and the seller. [/quote]

I am OP. Compass has good practices: they already introduced a flat fee but the buyer doesn't have to sign any agency if they are unrepresented, it's illegal to require this to pass the offer to the seller.

This agent was Keller Williams Preferred properties. The selling agent didn't explain to her seller that if the buyer is unrepresented then the fee is only hers (2.5%). The seller signed a contract with selling agent with clause allowing for buyer's agent compensation. If the seller removed the clause, buyers wouldn't be pressed to deal with affiliated "buyer's agent".

I actually think they simply split the cash between themselves, as the guy who was my "buyer agent" didn't even draft the offer. I did all the paperwork with my lawyer and he only attached the standard comparables sheet[/quote]

wait so you did end up with a buyer’s agent?[/quote]

They forced me to sign him up just for that one deal. I walked out in 2 days so he’s not longer my agent and I’m no longer interested in this property as they were extremely rude and shady [/quote]

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