Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply presented by

User Stats

9
Posts
7
Votes
Inna Mitelman
  • Valley Stream, NY
7
Votes |
9
Posts

BUYER FACILITATOR RELATIONSHIP Form

Inna Mitelman
  • Valley Stream, NY
Posted

Hi, 

I am working with a real estate agent in New Hampshire. He says the properties I want him to show me have a co-broke fee. He explains it is the portion I (buyer) must pay at closing to him (Buyer RE agent) and it is stipulated up front in the Agent MLS sheet that only the RE agents can see, this is, he is NOT allowed to show it to me which doesn't make sense to me as things must be transparent. This co-broke commission is in the range from 2.00% to 2.5%. I live in NY where all commissions are paid by the seller so I am not familiar with this in NH. Also, he sent me a form called BUYER FACILITATOR RELATIONSHIP IN REAL ESTATE where he placed an additional condition where I agree to pay 3% of the purchase price for his services where "If seller's agent is authorized to disburse a portion of commission to firm, that portion shall be credited against buyers obligation to compensate firm." so if the co broke fee is 2% I end up paying an additional 1% to make the 3% total. Can somebody comment on the above? I want to pass it to my attorney tomorrow but any feedback is very appreciated. Thanks!

Loading replies...