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Updated about 8 years ago,

User Stats

374
Posts
120
Votes
Stone Teran
  • Investor
  • Cincinnati, OH
120
Votes |
374
Posts

What kind of commission is due?

Stone Teran
  • Investor
  • Cincinnati, OH
Posted

A real estate agent I know was the listing agent for a building sold a year ago.  I was neither the buyer nor seller.  He called me for a different matter and I asked him for contact info of the current owner of that building.  He called the current owner and came back with a confidentiality and non-circumvention agreement for me to sign.  He's going to take a cut of this transaction which I guess will be priced into the sales price.  Did I make a stupid move by essentially adding a middleman?  Is it customary for him to take a lesser than normal commission since he hasn't done anything? 

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