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Updated over 8 years ago on . Most recent reply

User Stats

90
Posts
11
Votes
Christopher Vargas
  • Orlando, FL
11
Votes |
90
Posts

I need a Florida Realtor

Christopher Vargas
  • Orlando, FL
Posted

Can a FL realtor answer this for me?

I am selling a flip house without representation from a realtor. I have a full price offer and everything sounds good. The buyer's realtor has submitted the offer today along with a commission agreement. The buyer's realtor and I have agreed that he will get 2.5% commission on the sale.

My question is the lingo on this form. To me, it says that this agent will get 2.5% if I sell the house in 180 days of signing whether it is his buyer or not.

The other thing is that it mentions that if I default, I will owe him 2.5%.

All I need is an answer, please be helpful and stay on topic. I only have today to accept the offer.

Thanks in advance!

Most Popular Reply

User Stats

23,418
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13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Indre White This is an agreement just between two principles.  Christopher, as a principle, is free to make any changes, cross outs, deletions, etc. as he sees fit.  If initialed and signed by both parties, all is good.  You are referring to agents, representing buyers and sellers, who may be concerned with "acting as an attorney" when they initiate changes is an purchase agreement.

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