seeking discount agent - I did all the work, all you have to do is sign some papers!!

Moneymaker29383
Moneymaker29383
Home Buyer
New York

Hi I found a place that I am about to buy. I was wondering if there was any discount agent out there that want to get in on this transaction?

The unit cost $400k. We will split the 3% buyer agent commission.

Let me know....leave you contact info.

Thanks!

Answers (12)
First to answer: Myke
Chris Freeman
Chris Freeman
Real Estate Pro
Grand Rapids

Moneymaker,

Your name probably says it all. The tighter you grab, the more that slips through your fingers.

You did a small portion of the work.(By the way, if you used an MLS to find this house, you already used a Realtor's help to find the home) Now you want a Realtor to sign some papers (making them legally responsible for whatever you may have done or not done right) and then you believe that a check magically makes it to their hands and yours?

You can't see the forest for the trees, and have a complete disrespect for Realtors.

Good luck on this. I wouldn't touch it with a 10 foot pole.

Web Reference: http://www.OwnGR.com
Fri Jun 6 2008, 17:45
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Options Realty -…
Options Realty -…
Real Estate Pro
11971

Buyer rebates are legal in New York, and it appears that that's what you're seeking. Look for a company in your area that offers them, and ask- there is nothing illegal about a transaction done this way as long as it appears on the HUD1 and is disclosed to all parties (seller, lender). Just make certain that you're dealing with a REBATE, and not a kickback. If it's not documented, it's not legal- your lender can provide details- and your lawyer must be consulted before you proceed.

Web Reference: http://optionsrealty.com
Fri Jun 6 2008, 16:37
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J R
J R
Real Estate Pro
New York

We'll split the fees. who wants a free 1.5%?????
~~~~~~~~~~~~~
Who wants to lose their license. It's again the law in NYS.

Fri Jun 6 2008, 15:48
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Sharon Kozinn
Sharon Kozinn
Real Estate Pro
Bergen

Hiring a qualified real estate attorney is your best option.
Sharon Kozinn

Fri Jun 6 2008, 14:56
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Jean Doyle
Jean Doyle
Real Estate Pro
Morris

Why would someone work for you when you have no respect for them? It is not legal to "split" a commission with a buyer or seller. That is a kick back. Good luck in your search for an agent that will take you up on this.

Fri Jun 6 2008, 12:22
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Margaret T Hatc…
Margaret T Hatc…
Real Estate Pro
Montgomery

I just want to know who bit. Who put their lic. on the line. I dont sign unless I know what went on.

Fri Jun 6 2008, 11:23
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ELV!S
ELV!S
Real Estate Pro
Illinois

If all that's left is the paperwork, I'd recommend hiring a good real estate attorney. They'll cost you far less than the 1.5% you're offering, and will surely be able to handle the paperwork.

Fri Jun 6 2008, 11:00
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Gary Sullivan
Gary Sullivan
Real Estate Pro
Elizabeth

Diane was right on the mark. There is alot more to a real estate transaction than most people think. You get what you pay for. A Realtor who is doing a great job for you is worth every penny.

Fri Jun 6 2008, 10:51
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Diane Glander,…
Diane Glander,…
Real Estate Pro
Spring Lake

So you think that once the paperwork (do you mean the contract for sale?) is signed, a Realtor's job is done? What about inspections, attorney review, renegotiating inspection issues? Are you getting a mortgage, then your agent will assist in making sure your commitment comes through and on time. Your agent's job is just beginning once "the paperwork" is signed. Finding the property is the easy part. Getting the deal to close is the hard part.
And, looking for an agent this way will not necessarily bring you the best representation. Get some referrals from friends and family and find an experienced agent.

Fri Jun 6 2008, 10:44
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Myke
Myke
Home Buyer
89449

okay, that makes more sense

Fri Jun 6 2008, 10:21
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Moneymaker29383
Moneymaker29383
Home Buyer
New York

ok i didn't do alll the work. 90% of the work is done. Easy $6k to be made.

Fri Jun 6 2008, 10:12
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Myke
Myke
Home Buyer
89449
FIRST ANSWER

If you've already done all the work, and it's just signing the papers - why do you need an agent in the first place?

Fri Jun 6 2008, 10:09
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