REO listing agent is paying the buyer's agent for $1...

[Haiyang A.]

Hi, I am looking at a bank REO, with the help of a buyer's agent (following some of the advice here on BP on the importance of not using dual agency). Now our buyer's agent is saying that the listing agent promise to pay our buyer's agent for $1. I'm not sure what to do in this situation. Should I pay my buyer's agent from out of our own pocket then? If so, what's the typical amount? If not, how can my buyer's agent get paid for his work?

Any comments would be appreciated!

[Wayne Brooks]

Something is  a miss.  Banks wouldn't allow their listing agents to do this.  Do you mean 1%?  Home search auctions do that.