Asked by John, Boston, MA area • Mon Mar 3, 2008
Hi, I am working with a buyer's broker right now to look for a house in the $500k-$600k range. The way the commission structure works at her realty, the buyer's agent keeps the entire 2.5% of a house's final sales price (the realtor pays a flat fee to the realty monthly, and in exchange does not need to split her commissions with the realty). So, let's say that I see a house for $600k but I want it for $500k. If I get the house for $500k rather than $600k, that's $2500 of lost income to the realtor. To prevent any conflict of interest between her and me (I realize that she works hard and has a family to feed too), can I offer her a bonus (e.g., 4% of the difference between final listing price and final sales price) so that we both would benefit the most if I get the house at a lower price? Or, would she likely be insulted if I proposed such an arrangement?
If you feel it's okay to offer this type of bonus, what's the best way to structure it?
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