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Updated over 7 years ago on . Most recent reply
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Flat Rate Realtor in Chicago
I've lurked this community for a while and hoping that someone can help me out -
I am putting an offer down on a property in Oak Park, IL and have viewed many homes without a realtor, as well as written up a contract. I have lined up my attorney, inspection company, and mortgage - but I do not have a buyer side agent yet. I am hoping people on this forum could recommend me an agent who will take a flat rate and rebate the rest of the commission to me at closing. Alternatively, I would accept an hourly agent who would refund the full commission.
I plan on doing all of the work with moving the process forward, but need a licensed realtor to actually receive the commission per the seller listing agreement.
Let me know if anyone has any recommendations -
Thanks!
Most Popular Reply
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Have the list agent agree to change the total commission to whatever they would have received via the split + 0.25% and drop the contract price by the difference minus 0.25%. List agent gets more, seller gets more, you pay less - everybody's happy. Unless its a low dollar deal where its not worth the effort to do so.
If you've already submitted the offer, a buyer's agent will likely have no claim to the commission.