Seller's Agent stated "Buyer will be unrepresented ( no agent)"
Hello BP - I've submitted a LOI on a Multifamily deal. When chatting with the seller's agent, he asked me whether I will be represented by an agent, I responded no.
After hearing back from his seller, the agent sent me a counter. Below is some of the language in the counter:
"- The contract has to have as-is addendum.
- No seller financing
- Confirmation - buyer will be unrepresented ( no agent)
- Closing costs will be split by the buyer and seller."
I am wondering why does the seller care whether or not I have an agent?
Thank you BP
Most Popular Reply
The PSA will have a provision confirming this and you will also agree to indemnify the seller should any other broker claim the right to a commission.
In other words, if some other broker introduced you to this property... that's your problem.
- Tom Gimer
