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Updated almost 4 years ago on . Most recent reply

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Akayla Rustin
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Maryland buyers agent commission savings

Akayla Rustin
Posted

If I sourced an off market deal from my landlord and am not using a realtor - can I negotiate 3% (buyers agent commission) off the sale price or does 6% get paid to the sellers agent?

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Ruth Lyons
  • Investor
  • Colorado Springs
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Ruth Lyons
  • Investor
  • Colorado Springs
Replied

@Akayla Rustin In real estate transactions, everything is negotiable as they say. If they've stipulated the agent they want to represent them, then they are paying that agent/broker whatever was agreed to in their listing arrangement. I doubt it's 6% if that agent/broker is representing their interests. You need buyer representation that's not the same agent as the one representing the seller. How do you really know how much to pay? How will you ensure that you are signing all the right docs that represent your interests if you're allowing the seller agent to represent you and the seller? There's a big conflict of interest. You could tell the seller that you understand they want to use their agent to represent them and as is common practice, you would like the seller to pay the commission of the agent you hire to represent you as the buyer. 

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