Buyer will search for properties, wants rebate from real estate agent who writes offer
There will surely be different positions on whether or not a real estate agent should agree to help this gentleman.
The buyer posted his situation. He is a seasoned buyer (has bought at least three properties in the last few years). He will do his own search on the internet and select the property he wants to buy.
But he needs a realtor to write the offer and handle the disclosures. In turn, he wants a rebate which is legal in California. If the sales commission is 3%, agent gets 1% and buyer gets 2%. His budget, depending on the city, is between $700,000 to $900,000.
Do the extremely simple math:
$700,000 purchase price = $7,000 commission
$900,000 purchase price = $9,000 commission
Will you help this buyer?
Agents who don’t own their brokerage will have to ask the broker for permission to accept this proposed arrangement. If the broker says no, then it's a moot point.
Others will balk because of principle -- we are professionals, and we certainly work hard for our money beyond the searching part.
Yet others may wonder if perhaps they’re cutting off their nose to spite their face by turning this down.
What would you do?
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