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Buyer broker agreement amendment

My cousin and his wife are having trouble finding a RE agent for their next move because several agents have claimed that their buyer broker agreements (including a 3% compensation) cannot be revised.

I told him to request a clause or amendment which would basically say something to the degree of “broker agrees that compensation shall be limited to compensation provided by seller / seller’s agent as past of the property’s listing terms. Buyer shall not be responsible for additional compensation beyond what is offered by seller / seller’s agent.”

A few RE agents are not aligned with this change, so my cousin has walked away from signing with them. I have a few questions: 1. Is this type of clause / amendment not common even though it protects buyers from having to pay commission over and above what the seller / seller’s agent has agreed on? 2. Should they just keep looking to an agent that feels comfortable with this, or just try to negotiate a lower rate %?

submitted by /u/Worried-Fisherman234
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ohafpn/buyer_broker_agreement_amendment/
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