Hey guys. I would love some guidance on this, as this is the first time I have encountered this situation.
A seller's broker (I have purchased a 16 unit apartment from this broker before) is trying to get me to sign a CSA that has me paying out 5-6% of the sale price. I am the buyer. The CSA only pertains to this property.
I don't know much about this deal, other than it is in a market I like, and it is a 16 unit apartment complex. They won't release it to me without me signing a CA and a CSA. He says he has another buyer on it already that is interested.
Have any of you encountered this situation? Should I sign the CSA?
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
6y
Just factor it into your cost. Sounds like the seller is not willing to pay. Maybe add a clause limiting the Total commission paid by both seller and buyer, in the event the agent is just trying to collect a double commission of that size.