All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books New York
ForumsArrowAlaska Real Estate Q&A Discussion ForumArrowRealtor fees when I bring the buyer to the table
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Realtor fees when I bring the buyer to the table

7 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 61
  • Votes 9

Harold Groetsema
Investor from Fairbanks, Alaska

posted 11 months ago

I have a question that I'd like to ask. I as a flipper worked with a realtor that charges me 4% commission when I sell my flips. If I bring the buyer to the table to purchase a property even before I purchase it to flip for said buyer, would I still have to pay 4% commission or split the commission with the realtor? This would be the 3rd deal that we have done together.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 3
  • Votes 2

Mike Taylor
from Anchorage, Alaska

replied 11 months ago

Use FSBO or a real Estate attorney instead. I always sell through who ever brings me the deal, so I don't mind paying extra to sell as I wouldn't have the property without the realtor anyway. That's assuming your realtor brought you the property.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 61
  • Votes 9

Harold Groetsema
Investor from Fairbanks, Alaska

replied 11 months ago

used realtor to buy property under contract now. Have a buyer wanting to purchase the home after renovation for set price already. Since the realtor didn't have to do anything to sell property other than paperwork, should they split the % equally between realtor and contractor.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 5
  • Votes 1

DeeDee Cherubini
Real Estate Broker from Salem, OR

replied 11 months ago

Talk to your Realtor about it.  Your Realtor may be willing to do the paperwork for you and your buyer for a flat fee or smaller commission since he/she doesn't have to market the property.   


Curious, is it 4% total?  Or 4% for the listing agent and they charge a total of 8%?  If it's 4% total, that seems like a pretty good deal. Our area is 6%. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 61
  • Votes 9

Harold Groetsema
Investor from Fairbanks, Alaska

replied 11 months ago

normal is 6%, this was an arrangement made between parties. 

Rotate Log in or sign up to reply
user profile avatar
  • Posts 21K
  • Votes 12K

Wayne Brooks
Real Estate Professional from West Palm Beach, Florida

replied 11 months ago

He can Lower his commission but he can not split it with you (pay you any portion of it).

Rotate Log in or sign up to reply
user profile avatar
  • Posts 61
  • Votes 9

Harold Groetsema
Investor from Fairbanks, Alaska

replied 11 months ago

I understand that Wayne, but he can lower his commission to 2% and do the deal. I've done for sale by owner on other deals, but wanted to keep him on board and not feel like I'm undercutting him. Thank you for all your input everyone, I know what I need to do.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Taxes & Accounting and Team
  • Posts 920
  • Votes 627

Mark H. Porter
Investor from Vermont and South Carolina

replied 11 months ago

This depends on what the realtor does to bring value to the deal.  We've found deals but my realtor runs it from there - showings, inspections, code enforcements, the SPIR, tenant notices, necessary docs (lead paint disclosure, fire & safety, energy audit, minimum housing certificates, etc...).  We're at a negotiated 5% now that is split between both sides.  

Rotate Log in or sign up to reply
  • 1
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Allen S.
Allen S.
Anchorage, AK
9.29
Score
Rich Littlefield
Rich Littlefield
Huntington Beach
7.38
Score
Chris S.
Chris S.
Anchorage, AK
6.19
Score
Connor Dunham
Connor Dunham
Anchorage, AK
4.76
Score
Erik Nosich
Erik Nosich
Anchorage, AK
3.1
Score
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.