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Updated almost 10 years ago on . Most recent reply
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RE Licensed Investor - Give up Buying Agent Commission?
I'm looking for some input on whether it makes sense to the ACTIVE Agent/Investors out there to forego their buy side commission on all purchase offers made on their own behalf?? (Especially on MLS deals) I've had other selling agents tell me in the past that they would favor my offer and sell it to their client when all else is comparable, for the ability to offer their client 1/2 of the originally budgeted commission. I think it makes sense but I'm looking at contrary points of view. Thoughts?
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Originally posted by @Rick Bevilacqua:
I think to simplify the equation, I'm wondering if it would just make sense to have the listing agent also represent me as the buyer therefore the other agent having the option to offer 1/2 of the commission to their seller or keep both sides, without me acting as a Realtor in the transaction?
As far as giving your commission to the sellers, there is no difference between that and raising your offering price. In my experience it makes more sense to raise the offer price because it is easier for the seller to understand than removing your commission.
You may get an advantage if you let the other agent represent you instead. I would mention this to agents in your area that tend to get a lot of deals. Maybe they will give you first shot if they know they get two commissions.