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Updated over 7 years ago,
A question about broker commission (Colorado)
Hello everyone. I've got an interesting situation.
I'm looking to potentially buy a large property with a residence and owner ran business on it. The sellers have changed listing brokers since I originally responded to the 1st agent's advertisemt. He had a hold over clause and he and the new brokerage have that issue all figured out.
Here's where I come in. I have just recently passed my associate brokers test for colorado, but have not yet signed on with an employing broker. I have also not signed any brokerage agreement forms with any other brokers involved in this transaction.
When i went to visit the property, the current listing broker tried to get me to sign an agreement listing her as a transaction broker - i did not sign it. In an email to the original listing broker, the current broker - who I have told that I have passed my test while viewing the property - asked the old listing agent what his and my relationship is and also said that, "Even though Kent is now a real estate broker, he would not be entitled to any commission on this purchase."
Now, I have not responded to this email, but I wholly disagree that I" am not entitled to a commission" should I find a employing broker and choose to submit an offer. I think the current listing agent is trying to double end the deal and thinks that since I'm new, she can pull the wool over my eyes.
So long as I disclose that i represent myself and get an employing broker before submitting an offer, I should be entitled to whatever split is agreed to for a buyer's broker in the listing agreement, correct?
Thanks in advance!