Page 1 of 1

Industry standard for Realtor as a buying agent

Posted: Sun Mar 06, 2016 5:56 pm
by pigvomit
Hey Guys,
What kind of commission should I expect to pay a Realtor for for approaching and making an offer on a private property not listed. :twisted:

Re: Industry standard for Realtor as a buying agent

Posted: Mon Mar 07, 2016 7:59 pm
by thinktom
Tell them to get paid by the seller. Note that they might try to list the property afterwards if the offer is refused.

Re: Industry standard for Realtor as a buying agent

Posted: Tue Mar 15, 2016 5:04 pm
by oli
Tell them to get paid by the seller. Note that they might try to list the property afterwards if the offer is refused.
Uhhh... is pigvomit the seller?

Re: Industry standard for Realtor as a buying agent

Posted: Tue Mar 15, 2016 6:24 pm
by silverman
oli, you've got a lot to learn.
Normally commissions are paid by the seller NOT the buyer. The realtor here, PV's buyers agent, as thinktom said, will try to negotiate a commission with the sellers, and if PV ends up not buying the house, he will try to list the place. Working with a serious buyer will make him look good to the sellers.

Re: Industry standard for Realtor as a buying agent

Posted: Wed Mar 23, 2016 11:55 am
by pigvomit
actually in my case, I'm the seller. A realtor approached me and said that his client wants my particular property. There would be no commission on my part. He then proceeded to fire me a low ball offer.....I'm just wondering what the realtor might charge the buyer for this service. Thanks

Re: Industry standard for Realtor as a buying agent

Posted: Wed Mar 23, 2016 12:06 pm
by silverman
He may have a buyers agent contract with them. Most likely he would be charging them 3.22/1.15 approx.

Re: Industry standard for Realtor as a buying agent

Posted: Wed Mar 23, 2016 4:36 pm
by oli
Looks like Silverman and thinktom are the ones with lots to learn. Realtor greed.

The buyer might be paying the realtor the difference of what they can lowball and the market price.

Re: Industry standard for Realtor as a buying agent

Posted: Wed Mar 23, 2016 4:42 pm
by silverman
The buyer might be paying the realtor the difference of what they can lowball and the market price.
There is no such thing.It'sillegal.
Is it greed to want to get paid for your work and recover expenses necessary to do your job?
Are you working for free?

Re: Industry standard for Realtor as a buying agent

Posted: Wed Jun 29, 2016 11:01 am
by reallyreal2
The buyer might be paying the realtor the difference of what they can lowball and the market price.
There is no such thing.It'sillegal.
Is it greed to want to get paid for your work and recover expenses necessary to do your job?
Are you working for free?
LOL - in a realtors case, yes it is. Considering the skill set involved to be a scheister...errr realtor... I would say that the compensation structure is quite amusing. And the best thing is realtors crying when someone suggests they get paid too much. LOL :mrgreen: :mrgreen:

Re: Industry standard for Realtor as a buying agent

Posted: Thu Jun 30, 2016 12:01 pm
by tdma800
realtors are required to be of good reputation, which is more than can be said about the average population

Re: Industry standard for Realtor as a buying agent

Posted: Thu Jun 30, 2016 12:01 pm
by tdma800
realtors are required to be of good reputation, which is more than can be said about the average population