commission: Take the co-op & buyer offering commssion away! - 09/29/07 12:02 PM
If we want to truly move our industry ahead we need to address the commission structure and "sharing" thereof.
Presently we use the MLS and, even though the Buyer is "technically" paying us, (read your Buyer Broker agreement - that is what it says!  - however, as a courtesy, and due to tradition, we "take it out of the proceeds from the seller's side on the HUD sheet)
Note: I know "he who pays has nothing to do with who you represent" - it is much a matter of semantics. One could just as easily argue the Buyer is actually paying the Listing … (3 comments)

 
Adam Rich (Associate Broker)

Adam Rich

Charleston, SC

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