Home Selling in Cedar Rapids>Question Details

R Millburn, Home Buyer in

do realtors receive commision if their company provides a buy out option?

Asked by R Millburn, Fri Aug 1, 2008

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2
R
You are probably referring to an ad that says if I cannot sell your home, I'll buy it?

You are hiring a Realtor to sell your home. So if you pre=agrree on a price that if it does not sell, they'll buy it, they are still conducting a transaction. So in most cases you will pay a commission. This is a business, not a charity. We would still have to do the work. BTW this does not occur very often.,
1 vote Thank Flag Link Fri Aug 1, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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What the actual sales agent gets paid is based on an agreement with the brokerage. What you owe to the brokerage is based on your contract/listing agreement with them. What does your listing agreement/contract say? I am positive it addresses commission.
0 votes Thank Flag Link Sat Aug 2, 2008
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