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Updated over 10 years ago on . Most recent reply

User Stats

107
Posts
25
Votes
Will Johnston
  • Investor
  • Washington, DC
25
Votes |
107
Posts

Relationships with Realtors

Will Johnston
  • Investor
  • Washington, DC
Posted

Would some of you be willing to share how you structure your agreements with the Realtor(s) you work with?

I've been working with a friend who is a Realtor, and I've signed the standard buyer agency agreement form, which states that I can't buy any property without paying them a commission, even if it's something off-MLS from a wholesaler or a private seller working without a Realtor.

My friend is pretty new at this (as am I).  I don't want to take advantage of a friend, and she has been doing a good job.  But it also doesn't seem to make a ton of sense to be locked in to paying a commission on properties that I didn't really need or use a Realtor's services to purchase.

Any thoughts?

Most Popular Reply

User Stats

71
Posts
32
Votes
Joseph Cox
  • REALTOR®
  • Altamonte Springs, FL
32
Votes |
71
Posts
Joseph Cox
  • REALTOR®
  • Altamonte Springs, FL
Replied

@Account Closed I'm sorry you had such a bad experience. There are too many agents who give Realtors a bad name. We get paid because we do all the running around, and finding out the facts. Maybe to her her job is just a little extra pocket money? She's certainly not business minded in my opinion. Thinking about it, she probably wants the agreement signed because she's given such poor service before that her "customers" usually dump her!

She was lazy. I admire you for your decency in working with her as she showed you the home. You did the right thing. she did not.

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