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Buying or Selling a Home/Foreclosure homes and Realtor Fees
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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?
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.
Dick Dennis
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Dick Dennis
Expertise
With more than 41 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, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
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
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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