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Updated about 6 years ago on . Most recent reply

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Nikki O.
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7
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Dual Agent , fiduciary duty and commission

Nikki O.
Posted

I am about to put together a competitive offer for a multifamily around $400k in college town with over 9% cap rate, however so far I do not have a buyer's agent at this point. 

The agent admitted that she gets 6 for representing both sides. That's $24000, as opposed to $12000 at 3%, a significant difference in most people's mind.

She has other offers coming from parties she also dual represents, so if I come in with my own agent my offer will mean her commission will be reduced to half. Even if my offer might come in higher than other offers I am worried that she is going to present more favorably offers that give her 6% over mine that will give her 3%, not only that I would be better informed.

Thanks and Merry Xmas. 

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