Selling Broker Commission $1

Do you hate when...

a client lies about their income, pre-approval, motivation to buy

every been used and burned by a client or other party who held back some cards...

Honest....and a belief in karma is the positive way to live...

I will bet most reasonable people would be willing to work a solution

Can someone really only offer a dollar? I'm new and I always thought you got a percentage. A dollar would not go far anywhere, even worse if you have to split with your broker :)

thanks

Ray 

Call the listing agent and check to see if it's a mistake.  If it's not a mistake, make sure you have the buyer's agreement signed that guarantees payment and then calmly let your buyer know that this particular home is not compensating you and that they will need to be prepared to pay your fee at closing, maybe in the form of rolling it into their mortgage so they're not out of pocket the amount.

We had the same thing happening here in our area with Home Discovery.  The commission they had in the MLS was $202 minus $200.  So we would get $2.

I called them and asked them if it was a mistake and they said no, that if we want anymore commission other than the $2 that we had to add it to the sales price of the home!

That outraged a lot of people.  They eventually changed it and they now offer a percentage....but come to think of it, I haven't ran across one of their listings or saw one of their signs in a really long time.

Maybe another one bites the dust?  LOL....

Wow- that's a new twist.  One dollar?  The listing agent has no business advertising the property that way.  Bring the buyer to the house, and if they decide that they want it, submit an offer that includes a clause that pays you the normal commission.   If that doesn't work, Donna's suggestion is also good, but I'd show the house and demonstrate your integrity to the buyers without getting into the money part FIRST- maybe they won't even like the house.  If they do, and you continue to work with them, they might be inclined to feel that you're worth every penny...

A BAA will solve this issue up front.

I guess that is why most agent are not in this to get rich! If my buyer wanted the property I would have to work for my buyer. I would have to ask the agent about the commission and hope it was a mistake. That house may be on the market for awhile. Is the listing agent being fair and giviing good repsentation to the selller? 

I have never seen only a dollar offered as the commission, and I hope that I never do.  What an injustice to the sellers because no agent will show that home.  As wrong as it may be, we all know it's the truth.  I'm sure that the sellers are the ones stipulating the ridiculous commission, but they can't possibly understand what they're actually saying.  It's like going FSBO, but being fully represented at the same time.

Hi Marlene,

What a dilemma.  It does seem like the agent wants to earn both sides of the transaction.  I think you did the right thing, show it to them in good faith, and consider the options above.  I am going to share this scenario with a few people I know as it is highly instructive in ethical decision making in business.  Thanks for sharing!

I agree, a BAA will protect you on your commission.

I agree with Donna Harris on this - just be upfront with the buyer and have you BA signed!