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Updated over 3 years ago on . Most recent reply

User Stats

6
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4
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S Ng
  • New to Real Estate
4
Votes |
6
Posts

Question about Real estate agent commission

S Ng
  • New to Real Estate
Posted

Looking to purchase properties in Ohio, I'm currently working with an agent but she requested that I pay additional commission to her. Is that normal for real estate agents to charge an additional commission over the commission they receive from the Seller? 


Most Popular Reply

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3
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5
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Michael Ugarte
  • Real Estate Agent
  • Weston, FL
5
Votes |
3
Posts
Michael Ugarte
  • Real Estate Agent
  • Weston, FL
Replied

@S Ng

Not every seller pays a commission. For example, It’s common for wholesalers not to pay commissions in our area.

A buyer broker agreement usually states a buyer agrees to pay the buyer broker a commission amount. There is usually a clause that says If a seller pays all or a portion of the commission it is reimbursed to buyer.

You are not paying extra, you are making up the difference from what a seller is offering and what you agreed she will earn by representing you.

This is more common than you think. It’s only fishy if you didn’t have a signed written agreement and it wasn’t disclosed to you when you started working together.

  • Michael Ugarte
  • [email protected]
  • 7863824536
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