flat fee if realtor finds FSBO
Has anyone written a contract where a realtor gets a flat fee for finding land that ends in closing a deal? Often, sellers don't want to work with (share profits with) an agent when they first put out that FSBO sign and agents would not make these properties known to potential buyers.
If I (as a buyer) was willing to contract with a realtor for a flat fee for any land (FSBO or not) brought to my attention that ended with a sale, I would have access to more of the market.
Has anyone had success with this approach or suggestions for contract wording? I understand that I would have to find a realtor that would accept such a contract. I am thinking the flat fee would be half-way between 3% of the lowest amount I hope to pay for desired land and 3% of the most I am willing to pay for land.
This post was edited by Ral_D on Tue, Sep 17, 13 at 9:26