Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
REO listing agent is paying the buyer's agent for $1...
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!