Seller Realtor Commission
3 Replies
Kathy Judd from Boise, Idaho
posted over 2 years agoHi everyone,
I working on writing up an offer using Idaho RE-21 Purchase and Sale Agreement. I got the 2nd to take $5k for their loan, $2k going to the lender and $3k going to the listing agent.
Do I need to include $3k commission in the Purchase and Sale Agreement? Or at what point do I have to specify that I'll be paying for the listing agent's commission?
http://www.ascentboise.com/docs/purchase%20&%20sale%20agreement%20(re-21).pdf
Lisa Kohl REI Pro from Boise, Idaho
replied over 2 years ago@Kathy Judd So I'm clear I'm assuming this is for a short sale property? And you are purchasing and acting as buyers agent?
Jonna Weber (Moderator) - Real Estate Agent from Boise, Idaho
replied over 2 years agoHi @Kathy Judd - Commission should never be addressed in the RE-21 Purchase and Sale Agreement. It can be addressed directly on a buyer comp agreement with the agent if you are the buyer. I wasn't clear if you are an agent...or if the listing agent drew up the Purchase and Sale Agreement on your behalf.
Hope to meet you at the next BP meet up if you are right here in Boise!
Kathy Judd from Boise, Idaho
replied over 2 years agoOriginally posted by @Jonna Weber :
Hi @Kathy Judd - Commission should never be addressed in the RE-21 Purchase and Sale Agreement. It can be addressed directly on a buyer comp agreement with the agent if you are the buyer. I wasn't clear if you are an agent...or if the listing agent drew up the Purchase and Sale Agreement on your behalf.
Hope to meet you at the next BP meet up if you are right here in Boise!
Perfect. Thank you.
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