Skip to main content

Real Estate Agent not getting commission??

We are the homebuyer and we are concerned that our real estate agent isn’t getting commission on the sale. Nothing is signed, so there’s time to make changes.

Apparently the seller wants to move out ASAP due to having a sick parent. It’s been on the market for 16 days, ok- so, barely any time. So they’ve freaked out and lowered the price already and to make up for it, they’re taking the commission from the listing agent and our agent.

My husband and I are super uncomfortable with this. Our agent has worked hard. I text him at all hours of the day and he’s been super kind. He’s semi retired and he showed us this house knowing before hand, that he wouldn’t get commission. (We obviously had no clue).

We love this house and we want to put the commission, at least for our agent, back into the contract.

Can we do that? Can we do that with closing cost?

We’re doing a special no down payment loan for “modest income” families. We qualify for a second mortgage that we don’t have to pay back as long as we live in the house for 15 years. It could cover half of this commission...

Is there anything we can do to help our agent?

We’re upset because we work hard at our jobs and we think it’s only right that he gets paid for his hard work.

Anything at all that we can do?

Edit: interesting to note that they took out a mortgage and six months later, refinanced and their mortgage went up $5k. What the heck? They seem irresponsible with money or what’s going on?

submitted by /u/Ihavesomethingtosay9
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dbmbeb/real_estate_agent_not_getting_commission/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...