In Silicon Valley, we have a form that can accompany an offer to purchase that lists the compensation for the buyer's agent. However, you don't have to do anything. You are the "boss." Traditionally, should a buyer's agent bring a ready, willing and able buyer to a For-Sale-By-Owner, he or she is usually compensated by the seller. Regardless of who pays whom; you still need someone to look over the transaction on your behalf.
In California, over 90% of residential real estate claims are files against the big bad sellers by buyers with "real or imagined" problems. So, make sure the buyers and agent(s) involved feel you treated everyone with the utmost honestly and respect. Otherwise, months or years later, a brokerage fee will look and feel like 'chump change."
Award Winning Real Estate Agent Pat Kapowich
A Trusted Name in Silicon Valley since 1960.
A Respected Name in Real Estate since 1988.