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Seattle Realty Group
"Broker/Owner/Certified Real Estate Instructor"
- 1 Helpful Answer
- 5 Answers
- 2 Blog posts
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Experience:
Broker/Owner for Seattle Realty Group
October 2007—present
At Seattle Realty Group, we are so proud of our great city and equally as proud of our…
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At Seattle Realty Group, we are so proud of our great city and equally as proud of our…
Specialties:
I specialize in the education, training, coaching and consulting of today's real estate professionals. As a Certified Real Estate Instructor for the David
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Certifications
& Awards:
& Awards:
Certified Real Estate Instructor for the State of Washington
Certified Keller Williams University Market Center Instructor ... show more
Certified Keller Williams University Market Center Instructor ... show more
About:
About Patrick M. Flynn, Broker/Certified Real Estate Instructor.
I have been a licensed RE agent since 1998 and a licensed Broker since 2003. My passion ... show more
I have been a licensed RE agent since 1998 and a licensed Broker since 2003. My passion ... show more
Testimonials:
"Pat and his team at Seattle Realty Group made our buying process absolutely painless. And if that weren't enough, he furnished our Living room with a
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Seattle Realty Group answered:
Great question. Quick answer...since you have no listing agreement conveying a commission to a Lisitng Broker if they find a Buyer under your terms, then no. However, if you receive an offer to purchase and in that offer is an acknowledgement you are or will pay the buyers agent a commission, then yes.
The NWMLS has forms for this very thing when writing an offer on a FSBO. It is Form 41C. If it is attached to the offer and you acknowledge (sign) it, you will have agreed to pay a selling office commission (Buyers Agent).
For future reference, the easiest way to do a cost break down when selling is this...if you are paying 6% commission plus Escrow, Title, Excise Tax (1.78%) and a few ancillary fees charged by the County (Document Preparation Fee and Reconveying your Title)...you can estimate that to be about 8.15% of the sales price. This of course does not include any liens you may need to pay off.
The NWMLS has forms for this very thing when writing an offer on a FSBO. It is Form 41C. If it is attached to the offer and you acknowledge (sign) it, you will have agreed to pay a selling office commission (Buyers Agent).
For future reference, the easiest way to do a cost break down when selling is this...if you are paying 6% commission plus Escrow, Title, Excise Tax (1.78%) and a few ancillary fees charged by the County (Document Preparation Fee and Reconveying your Title)...you can estimate that to be about 8.15% of the sales price. This of course does not include any liens you may need to pay off.
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