Realtor- Seller, Buyer or no realtor? Buying land.

[Henry Clark]

Going to make an offer on some land this week, for a future Self Storage location in Texas.  

We found the land by driving by and called the Realtor.  We're not working with a realtor when we found this property.  We do have a different realtor who helped us look at several other properties.

On the offer contract, it notes the Realtor is acting for the Seller.  I did not note a Buyer Realtor.

Will have both my attorney and Banker look over the documents, although this is a straight forward purchase with a little Earnest money, and very little due diligence.

Should I let the Realtor have the full commission?  $350,000 asking price.  Or bring in the other Realtor.  Will probably not work with this Seller realtor in the future, but will probably work with the other realtor.  Only benefits of bringing them is they review the transaction, which is on a Texas State form; and they should be more than useful in the future since they got a commission without doing any work.

Please give input.  Thanks.

[Joe Norman]

Its not a matter of you "letting the Realtor have the full commission" - the commission rate is between the seller and the listing agent, you have no say over it. If there is a buyer's agent involved then the split between agents is as specified in the listing, and if the buyer is unrepresented then the listing agent keeps the full commission.

So since there is no cost to you to have buyer representation, and the commission doesn't change either way, why not bring your buyer agent on board from the beginning? This way you'll have someone in your corner, and also strengthen your relationship for future deals.