Seller Agreement to Pay Buyer's Brokerage Compensation

Dated: June 4 2024

Views: 60

As a buyer's agent, navigating all possible situations is essential, especially when buyers ask sellers to pay the buyer's brokerage compensation. Knowing the form well enough to explain it to your buyers is crucial in today's market.

This week we've been having conversations about the seller agreement to pay the buyer's brokerage compensation. We had a contract come in and the buyer's broker wanted our agent, the listing agent, to fill out the seller agreement to pay the buyer's brokerage compensation. This cannot be done.

As the selling agent, you are the one presenting this to your buyer client if the buyer desires to ask the seller to pay part or all of the buyer's brokerage compensation. When you look at the agreement, you'll notice that only the buyer and the seller sign it. Neither the listing or selling brokerage signs the agreement.

It states in the agreement that the buyers have a buyer broker agreement with the selling agent, and the buyers have agreed to pay the selling brokerage a certain amount. Through this agreement, the buyers are now asking the sellers to pay part or all of the commission to their buyer brokerage. 

Please take the time to read and review this agreement. Become familiar with it. This could make or break the contract to that seller.

Contact Kathy at 708-209-7520 or HERE.

Kathy O'Radnik

Designated Managing Broker/Owner

RE/MAX 1st Service

708-209-7520 Cell

kathyoradnik@msn.com

1stservicehomes.com

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Katherine O'Radnik

Kathy O'Radnik is the Designated Managing Broker/Owner of RE/MAX 1st Service and has a real estate career that spans more than three decades. Kathy's resume state the notable Chicagoland real estate f....

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