Most of us who deal in the buyer end of REO properties have a $2000 minimum commission, and have that because the banks don't always pay, or at least pay what they should.

In Md even though an agent can represent the buyer, the commission still usually comes from the seller.

The seller is paying the commission so why wouldn't you have someone represent you?

He has agreed that since I did the research, found the property, tax values, comps etc, that he will give me half of the commission back.

never used HM)Realtor commission on a sale even at 120K would bring that to 94-95KClosing, taxes, conveyance, fees, attorney, deed prep, overnight docs, imaginary this, imaginary that, and BAM, you're at 97-98K.So for all that money in play, you have a whopping 20-23K profit if you get close to full ask.Just my opinion of course :)

When making a bid I look at no longer 12 month mainly 6 months comps, previous purchase price, rehab and holding cost closing fees associated with the deal and commissions along with tax assessments.

One other question one of the agents I'm working with made the comment to figure on 10 percent on selling the home 6 percent on commissions 3 percent on closing and 1 percent for something at this point I can't remember.

From my understanding, the first two people you bring in to pay the $16,000, 1/2 your commission is split with the person who sold you the $16,000 education.

The buyers agent is working on commission and may not have my best interest 100 percent of the time.

She gets a nice chunk of change even after commission and tax despite her bad financial decisions, and I take on a property that needs repairs in a depreciating market.