AboutDick Dennis Expertise With more than 37 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter.
Experience Problem solving since 1980
Organizations National Association of Realtors
Publications Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Expert: Dick Dennis Date: 7/22/2008 Subject: Foreclosure homes and Realtor Fees
Question Hi I was wondering if the banks pay fees for buyers with agents? If you sign the buyer agency agreement and the bank doesn't pay any realtor fees, it falls on the buyer, is that correct?
Answer Not necessarily, but that is the way it should be in my eyes. If the buyer does pay his Realtor fees, then the buyer can be rested and assured that he will be represented exclusively by that Realtor. The Realtor would then negotiate a price that should compensate for the buyer having paid the Realtor fees. Unfortunately, not too many Realtors are that experienced or knowledgeable how to handle that kind of situation. If the buyer is smart, he/she will pay his Realtor's fee. I wish you well.
