Seller Financing and two agents

[Kyle Koehn]

I am new at investing and have not worked with an agent much so not sure what is considered normal practice. 

Mistake #1 I wanted information on the listing that I saw on Zillow and so I just submitted a question rather than contacting the listing agent directly. 

Another agent has contacted me and has chased down a few answers to a few questions that I had and now is eager to take me to go see the property. 

I have gotten the information that this is an older seller that is down sizing her portfolio. In my mind, the prime individual to have a mutually beneficial seller financing agreement with. (I have access to conventional financing but would like to pursue this first)

If she would be open to a minimal down payment, how do we slice the pie into enough pieces to go around? Do I have any obligation to the agent that has helped me already? Should I just be open with him and tell him the situation and tell him I will go directly to the sellers agent at this time? Ask his permission? Any way for everyone to get a good deal? I guess I'm not even sure with an average commission rate is. I just don't want to lead "my" agent on if it is in neither his nor my best interest to continue the relationship. 

[Wayne Brooks]

The seller is paying the commission, probably 6%, whether there are two agents involved or just one, as per their listing agreement with the listing agent.

Aside from that, mls listings are not the best candidates for seller financing.....their cost of sale with closing, etc will be about 10%.