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Purchasing Home in NYC - Real Estate, Buyer/Seller Disclosure Form and Commission Rebate.

Hi,

I'm currently in the process of purchasing a home in NYC. My agent is a family friend that is recommended to me. I did most of the negotiation myself and but he did arrange for us for viewings/drive around with us. I'm primarily using him as he will kick back 50% of the commission back to us.

The home I'm in contract for is 1.26M and the buyer agent fee is 1.5% ($18,900). He said he'll just give me 7.6k (approx 40% of the upfront price as he will need to pay his brokerage firm 10% and taxes as well) - is this fair? When is this decided, should I get this legally added in (the contract is already executed).

I was reading that this is completely legal and some people use the kickback as a credit instead to avoid upfront taxes/fees. Is this something I should ask for instead? Perhaps get 9k in credits and I cut him a check for $9900 at closing.

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Also he is asking for me to sign this form: https://imgur.com/a/VxKaEpH

It's checked that he is the acting as the "Seller's Agent" but I'm the buyer.. I'm confused.

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Full Form

NY Disclosure Form: https://dos.ny.gov/system/files/documents/2023/09/dos-1736-f-disclosure-form-for-buyer-and-seller_09.2021.pdf

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submitted by /u/encapsulated1
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source https://www.reddit.com/r/RealEstate/comments/17ixb8v/purchasing_home_in_nyc_real_estate_buyerseller/
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