real estate commissions: When I Offer Owner Financing, Should I Pay my Agent a Full Commission?
- 03/03/11 05:51 AM
Whether or not real estate professionals should be paid their full commission at the close of a transaction where the seller extended terms (seller financing) to the buyer, is often a topic of some confusion. While there is always room for negotiation for almost everything related to real estate transactions, it’s good to be clear about the fact that regardless of who provides the financing, (a bank, a hard money lender or the seller) a sale is a sale is a sale, and the agent/broker has indeed earned their commission according to the terms of the listing agreement. Here is a … (6 comments)
real estate commissions: Does Owner Financing Mean I Don't Get Paid My Commission?
- 12/21/10 07:42 AM
I thought this was a great email addressing concerns that real estate professionals sometimes have when dealing with owner financing situations: “Hi, I was just on your page “Dispelling the 5 myths of owner financing“. I am an agent in Chicago currently working on a owner finance deal for the first time. I get the process, but I am not sure about one thing. When do the agents get paid their commission??? We have asked the seller to hold the note for 12 months. Do we (realtors) get paid when the seller and the buyer have agreed on terms and transaction … (6 comments)
Note Queen Capital buys seller financed notes across the country, showing sellers how to get cash even when they carry. Owner Financing gets sellers top dollar for their property. We make sure they get top dollar for their paper.
Whether or not real estate professionals should be paid their full commission at the close of a transaction where the seller extended terms (seller financing) to the buyer, is often a topic of some confusion. While there is always room for negotiation for almost everything related to real estate transactions, it’s good to be clear about the fact that regardless of who provides the financing, (a bank, a hard money lender or the seller) a sale is a sale is a sale, and the agent/broker has indeed earned their commission according to the terms of the listing agreement.
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