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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bobby is sleepless in seattle who wrote (77954)5/21/2007 7:31:53 PM
From: TradeliteRead Replies (1) of 306849
 
Bobby, one question...do you all routinely enter into buyer-agency agreements specifying that the buyer will pay a certain amount of commission out of his own pocket if the seller has not agreed to pay it, as in the case of the FSBO you mentioned who was only going to pay $1,000?

Those agreements are pretty common around here--stricter and more prevalent than even about five years ago.

Seems to me the buyer in your scenario would have entered into such an agreement in the first place if he's now mad enough to rant against his agent for not being shown a FSBO house. He shouldn't expect his agent to work virtually for free.

That's how I bought my own house from a FSBO. I hired my own broker and paid his fee. This annoyed the seller to no end, because he had to negotiate long and hard with someone who knew what he was doing, but it worked out well, and that was way back in the years when no one had ever heard of buyer agency.
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