I was asked to represent a buyer. She lives in the home that she is buying and has already agreed on a price. Looking for opinions on what to charge?

Asked by Eric J Soderlund, Pleasanton, CA Tue Jun 11, 2013

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Ron Thomas, Agent, Fresno, CA
Tue Jun 11, 2013
Why would anything be different?
What does your Broker say?
0 votes
Some of the difference is perceived and some is real. As in real time. In this market, I can be looking for a home for a buyer for months and hundreds of hours. This will be less than 40 hours. Also, the price and agreement is set, I am simply handling the contract portion of the deal. And as we know, that can be easy or very stressful depending on how the loan, appraisal, inspections and such go. It's a townhouse and is only 6 years old. I haven't been asked this before so I thought I would put it out to my peeps. My broker gets a fixed amount so he doesn't care what I charge. I contacted CAR Legal. I would have the seller sign a Seller Non-Agency Agreement and then make sure I never advised them in any way. Not a great scenario but workable.
Flag Wed Jun 12, 2013
Judi Monday,…, Agent, Green Valley, AZ
Sat Jun 15, 2013
Best bet is to talk with your Broker first.
0 votes
Cory Fitzsim…, Agent, Golden, CO
Wed Jun 12, 2013
Are you a realtor? Do you know the laws? Be careful, define your duties and expectations. I would consult a attorney if you do not have the licensing. Contracts are legal and binding.

There is not a standard for commissions.
0 votes
Sally Grenier, Agent, Boulder, CO
Tue Jun 11, 2013
Is the home listed with an agent? If so, what is the listing agent's co-op fee? If not, then I'd see if the seller is willing to pay a commission for you to act as a transaction broker (if that's allowed in your state).

If seller is not being represented by an agent (and not willing to pay a commission) then I'd explain to the buyer that normally you're paid XX and you expect the same in this situation.
0 votes
Christina Ha…, Mortgage Broker Or Lender, Morristown, TN
Tue Jun 11, 2013
Are you a real estate broker/affiliate? Most states require a license for real estate commissions.

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