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Dennis Montai
  • Oak Park, IL
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Flat Rate Realtor in Chicago

Dennis Montai
  • Oak Park, IL
Posted

I've lurked this community for a while and hoping that someone can help me out - 

I am putting an offer down on a property in Oak Park, IL and have viewed many homes without a realtor, as well as written up a contract. I have lined up my attorney, inspection company, and mortgage - but I do not have a buyer side agent yet. I am hoping people on this forum could recommend me an agent who will take a flat rate and rebate the rest of the commission to me at closing. Alternatively, I would accept an hourly agent who would refund the full commission. 

I plan on doing all of the work with moving the process forward, but need a licensed realtor to actually receive the commission per the seller listing agreement. 

Let me know if anyone has any recommendations - 

Thanks!

Most Popular Reply

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Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
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Matthew Olszak
  • Real Estate Broker
  • Chicago, IL
Replied

Have the list agent agree to change the total commission to whatever they would have received via the split + 0.25% and drop the contract price by the difference minus 0.25%. List agent gets more, seller gets more, you pay less - everybody's happy. Unless its a low dollar deal where its not worth the effort to do so.

If you've already submitted the offer, a buyer's agent will likely have no claim to the commission.

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