I am going to use a buyer's agent to buy a house, and I understand that I have to sign a contract with her before seeing the first one (or each one), and that contract must specify how much and how my agent will be paid. I don't want to end up paying her out-of-pocket, for example in the case where the seller offers the buyer's agent 1.5% while I guaranteed her at least 2%.
Can my contract with my agent say that her "fee will be equal to whatever the seller is offering buyers' agents" (written in proper legalese, of course) and that this fee will be paid by the seller at closing?
(Note: Although I am skeptical about how much benefit a buyer's agent can offer me, I have decided to use one for various reasons that I won't detail here. So please don't advise me to simply not use an agent -- I have already crossed that bridge.)
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source https://www.reddit.com/r/RealEstate/comments/1f2d0yn/can_i_guarantee_my_buyers_agent_whatever_the/
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