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Matt
 
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Default Seeking help on terms with real estate agent

On Sun, 01 Feb 2004 09:22:06 -0500, Andrew White
wrote:

Too many details, I quit reading 1/3 of the way through.


Hence why I broke it up into a summary and successive add-on detailed
sections so folks like yourself didn't have to read it all if they
chose not to.

Here's my
take: if the agent has shown you ANY properties and if the agent is
HELPING you with this purchase, such as writing/reviewing contracts,
helping arrange inspections, providing advice, being present at
inspections, closings, etc., then this agent is entitled to a FULL
commission that is customary in your area. It makes ZERO difference
whether you found the property or not.


Ok. For what it's worth, the agent did help show me 10-12 properties,
and provided minimal advice on the property I'm buying. Other then
that, I am doing the rest of the work, including contracts,
inspection, closing, etc. This may or may not make any difference in
your analysis, but I thought I would mention it.

Do I hear correct that if the agent spent 1 minute or more of effort
related to my purchase he should receive 2.5% of the sale? If so, I'm
having trouble with that argument.


If you didn't make a different arrangement, and if he's willing to
reduce the commission in half, you're a very lucky person. But you're
obviously a very greedy and dishonest person, because you're trying to
cheat your agent out of his hard-earned money.


Ouch. That cuts pretty deep. But if I want to be fair, I must take a
hard look at this perspective nonetheless. Probably more so, if I
truly am being so decrepit and immoral, particularly if I'm deceiving
myself.

-Matt
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