Question Details

Kitty Ramos,  in puerto rico

what form do i use to establish that although not a buyers agent, I am bringing a qualified buyer and want to?

Asked by Kitty Ramos, puerto rico Tue Apr 1, 2008

establish procuring cause of sale

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If this is with a FISBO, then we use a buider/seller agreement. It is an agreement between the agent and the owner of the property agreeing ahead of time on commission and length of term.
0 votes Thank Flag Link Thu Apr 3, 2008
In such a case, I would contact the other broker and have some type of written compensation agreement drawn up that includes the nature of my agency relationship with that buyer. But of course, that's in Wyoming, I have no clue about Puerto Rico. Here if I had a simple question, I'd simply call the state Real Estate Commission and ask, so ultimately that would be my advice

Brendan Murphy
Raving Real Estate
Laramie, WY
0 votes Thank Flag Link Wed Apr 2, 2008
In Georgia, If you are the procuring cause of the sale you are intitled to commission regardless of your relationship to the buyer. You could be the buyer's agent with a client relationship, you could be just assisting a buyer who chose not to be represented (a customer relationship), or you could be the listing agent (customer or dual agency). You would prove procuring cause best by the buyer signing a form establishing which relationship you have. If your state does not have those forms, you could contact a real estate attorney to draw one up for you. Include it with the offer for sale.
0 votes Thank Flag Link Wed Apr 2, 2008

I am a little confused by the question (and the laws in Puerto Rico might be different). In my area (Michigan), if I were not a buyers agent and brought somebody to a home to buy, I would be paid nothing. When I contract with a seller to sell their home, the contract clearly states that only Buyers Agents will be compensated for bringing the buyer to the deal.
Web Reference:
0 votes Thank Flag Link Wed Apr 2, 2008
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