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Updated almost 9 years ago,
BUYER FACILITATOR RELATIONSHIP Form
Hi,
I am working with a real estate agent in New Hampshire. He says the properties I want him to show me have a co-broke fee. He explains it is the portion I (buyer) must pay at closing to him (Buyer RE agent) and it is stipulated up front in the Agent MLS sheet that only the RE agents can see, this is, he is NOT allowed to show it to me which doesn't make sense to me as things must be transparent. This co-broke commission is in the range from 2.00% to 2.5%. I live in NY where all commissions are paid by the seller so I am not familiar with this in NH. Also, he sent me a form called BUYER FACILITATOR RELATIONSHIP IN REAL ESTATE where he placed an additional condition where I agree to pay 3% of the purchase price for his services where "If seller's agent is authorized to disburse a portion of commission to firm, that portion shall be credited against buyers obligation to compensate firm." so if the co broke fee is 2% I end up paying an additional 1% to make the 3% total. Can somebody comment on the above? I want to pass it to my attorney tomorrow but any feedback is very appreciated. Thanks!