agent commissions

[Chris B.]

I have a friend that is a buyers agent. His original commission agreement was for 2.5%. He had a 30 day escrow and it has taken longer than thag. A time extention addendum was sent to the sellers agent due to title issues/qualifying for the loan and the transaction took longer than the contracted date on the addendum and they are now 4 days out of contract and will be closing in a week for an acumalative week and a half passing the end of the contract date. The sellers agent never signed and returned the addendum but she has been in contact with him till this date asking for updates and regards to closing the transaction.

She has now sent an email to my friend asking for the borrow to get into contact with her loan officers to prequalify, when the borrower is days away from getting loan docs and signing , and sent a new commissions agreement asking my friend to take .5 less in commission. So my questions are

1. Have any of you ever heard of a sellers agent docking someone's commission after they are already this far in the transaction? Can the sellers agent even do that? What happens if my friend doesn't sign and continues to close the transaction.

2. Have any of you ever heard of a sellers agent asking for thebuyer to contact her loan officers to prequalify especially when they are this far into the transaction?

I tried to help my friend with answers but every other colleague I've talked to has slightly different answers.

Thanks in advance!

[Brandon Battle]

Have your friend threaten to remove his buyer from the transaction and she'll change her toon in a hurry.She has no right morally at least to dock his commission one penny.She may be trying to claim that she is doing all the work if she gets your friend's client a loan she arranged.