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Updated over 8 years ago, 03/07/2016
My Agent will be paid almost nothing...thoughts?
I'm finally settling on my first investment property next Thursday (though I've said that before with this property). It is an REO that I believe am getting a significant discount on.
When reviewing the paperwork with my agent, she told me that the seller (bank) is only paying her $300! She told me that her broker was upset, but she told the broker I'm a repeat client (bought my primary with her). I'm not supposed to "tell" anyone about it.
Not that I would anyway, but I'm guessing it's because of one of two reasons.
1). So that other buyers won't expect the same thing.
2). Politely indicating to me that I could increase the commission on my end.
Given a situation like this, is it common for buyers to increase the commission paid to the buyer's agent? Honestly, it is something I would like to do, as she helped me get the property for about $7,500 less than I was willing to pay, and $7,500 less than my lender thought I'd be able to get it for. Could I call the title company and tack some extra money on to my closing costs?