Return to the Buying and Selling Homes Forum | Post a Follow-Up

 o
Question about FSBO commission sales~

Posted by phoggie (My Page) on
Fri, Mar 9, 12 at 17:55

For about 15 months we had this house listed with realtor X...when her contract ran out, we took it off of the market and said For Sale, contact any realtor. I did this because now my DH has passed and I did not want strangers to just come in while I was alone.

Now, it is about 5 months later...realtor X brought a client to see the house, they have made a low-ball offer, but my question....since she has no advertising costs involved, what is the customery amount of commission that I should pay her?.....it is FSBO, but client brought by a realtor......some say 1/2 of her regular commission....which would be 3%. Is that fair, or do I owe her the regular 6% which she would charge if it was listed with her on the MLS?


Follow-Up Postings:

 o
RE: Question about FSBO commission sales~

Normally the agent would discuss this with you before bringing her client.

If usually commission is 6% in your area, yes, I would offer 3%.
It is just odd to me to bring a client, then discuss, it may work both ways, she may want you to know she really has a buyer and you'll be willing to pay 6%. If this doesn't work, when an agent calls to make the appointment, quickly, casually tell them your terms, make sure they are reasonable.
In my area 5% is usual, I haven't heard of 6%.


 o
RE: Question about FSBO commission sales~

Some here charge 7%!...that is why they drive the big cars~


 o
RE: Question about FSBO commission sales~

She will expect half of the normal rate. But this should be agreed upon even before the buyer is taken through the home.


 o
RE: Question about FSBO commission sales~

Our house was never listed. A realtor friend/acquaintance brought some buyers through and they decided to make an offer. She tried to ask for the standard 5% in our area, don't fault her for trying! I countered at 2-1/2 and we settled on 3%. I was glad not to have to list and show the house.


 o
RE: Question about FSBO commission sales~

We sold a home FSBO about 12 years ago. A realtor was showing other homes in the neighborhood, and prior to bringing the couple to our home she asked if we would pay her commission of 3%. We agreed and sold the house for 98+% of asking prince in 10 days.. boy those were the good old days!


 o
RE: Question about FSBO commission sales~

SO, now that you have a contract, what did you and the agent agree upon for the commission? You Should have signed a Commission Agreement Form of some kind.


 o
RE: Question about FSBO commission sales~

Absolutely only offer her 2-2.5. You are the one doing the legwork now and she never sold it to begin with! It's a low ball offer also. It's money in her pocket regardless. What's she going to do, walk away. DO NOT give her anything more than 3%!


 o
RE: Question about FSBO commission sales~

Bringing a ready, willing and able buyer to contract is indeed worth quite a bit... just ask any seller these days. Agents spend thousands of dollars to attract good buyers and to hook them up with good sellers.


 o
RE: Question about FSBO commission sales~

If you did not agree to pay the agent a commission prior to them showing your house and the buyer writing the offer - you owe them nothing. This is a case where the buyer should pay the agent directly.

Please research the language in a typical buyers agent agreement which specifies the buyer's agent will try to get commission from the seller, but that the buyer will pay the agent if the seller does not.

See Section 3 in the linked example.

Here is a link that might be useful: Buyers Agent Agreement


 o
RE: Question about FSBO commission sales~

The realtor who brought me this buyer was actually the same lady who had it listed for 16 of the 19 months it was for sale....she had it listed on the MLS...took all the pictures, did the advertising, etc....and her normal commission was 7%, so she did it for 5%...and I agreed because she did have the expense of "getting it out there" in the first place......and strangely enough, this was the first couple she ever showed it to 19 months ago. The wife wanted it all the time, but it was the husband who was dragging his feet, until she told him that this is one decision she was making and they WERE going to split the differnce...and I took it.


 o
RE: Question about FSBO commission sales~

Your last post contradicts your first, where you said the realtor had not invested any time/money. Based on your last post it seems you worked out a fair deal for everyone involved. Good luck with the sale and your next stage in life.


 o
RE: Question about FSBO commission sales~

I would look at the original listing contract. Usually there is a "carry over" period of 90 days to 6 months, in which you still owe a commission to the listing agent if you FSBO. I'd say in this case, since this agent originally had the listing AND the offer was made by buyers that she brought to you during the listing period you MAY owe her the full commission, and I believe that she has a strong case for that.


 o
RE: Question about FSBO commission sales~

Here in NC, the same holds true, BUT, in order for the LA to enforce the issue, he/she, upon termination of the contract, has to supply the names and dates of the clients that she brought through the home to the homeowner when the listing expires. She probably did not do this, so 5% is fair.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Buying and Selling Homes Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here