

5,429,514
In NC with a buyer agency agreement, it states what the buyer is responsbile for in commission to their agent if we can't collect from the listing agent. When I list, I certainly try to understand the numbers in advance and review them with my prospective sellers.... why would you take on a listing in advance where you know you won't/can't get paid and can't offer a co-broker commission honestly?
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John Crosby
Marblehead, MA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Joan Cox
Denver, CO
3,075,066
I posed two "hypothetical" questions yesterday - this one plus "Is the total commission truly paid by the Seller, or is it paid by the Buyer because it's built into the sales price with the expectation that the Seller will pay the commission from the proceeds?" It was interesting to see how for this question it was almost unanimous that the Seller pays the commission, while for the other question it was almost many responses indicated that the Buyer pays the commission. Which is it?!
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John Crosby
Marblehead, MA
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Tony and Suzanne Marri...
Scottsdale, AZ
3,227,282
As a listing broker I've taken payment for commission over s few months. Legal documents were signed.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
6,807,683
That is when the seller brings a check along to the closing table, something that happened many times in the past decade.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
2,234,971
That should be addressed in the listing agreement, and in my market, it's traditional for the seller to pay the listing office and the listing office pays a co operating commission to the office that brings in the buyer.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
3,986,529
I make sure I am not in that position from then start
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
74,557
That should be addressed in the listing agreement or the buyers rep agreement.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
4,815,617
What has been "promised" in the multiple listing service remarks?
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
279,404
I agree with Marc Swartz, refer to the contracts, listing, MLS, P&S and if you are the listing agent you had better hope you covered that possibility in the contracts.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
2,379,695
If there is a listing agreement, stipulating the amount of commission to be paid, the seller must pay the commission from some other source of funds. You say the mortgage AND other items will be paid but no money for commission? Why is the commission considered "left overs". It is part of the contract with the seller.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
6,077,514
We saw this in the slow years - seller must bring money to closing.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
150,466
The commissions are handled just like any outstanding balance from the deal, and the sellers have to write a check to get the deal to close.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
1,762,598
This sounds like a short sale to me. If I sell a home, custom is the seller pays the commissions due. If the amount is not enough to cover the mortgage and cost of selling, then the seller needs to have a long chat with their mortgage company and their attorney.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,466,257
Tony and Suzanne Marriott, Associate Brokers This is addressed in the BBA with the Buyer.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,513,143
Here it would be in the listing agreement that the seller would be taking care of the commission. A short sale sometimes will come up short and hopefully one has a buyers contract.
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Tony and Suzanne Marri...
Scottsdale, AZ
699,327
The seller must bring proceeeds to the table or it does not close. All arranged up front. No surprises.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,759,862
Good Sunday morning Tony and Suzanne. That's a good question I don't think that I've heard of this one before.
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Tony and Suzanne Marri...
Scottsdale, AZ
3,988,144
I look to get my commission from the coop side of the transaction. It is not my problem if there is a negative and I wouldn't be privy to that information until I see the closing papers. The seller and listing agent must figure that out.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,683,918
That should have been determined when the title company prepared the closing papers.The Seller usually takes care of it.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,443,346
23,871
The seller...I really hope this works out for you. When you did the "Sellers Net Sheet" and saw there would be nothing left to cover your commission did you have a discussion with the seller about how you would get paid? You may have to go to court and I would weigh it to see if it's worth the time and money you will spend in court expenses.
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Tony and Suzanne Marri...
Scottsdale, AZ
4,443,818
Tony and Suzanne Marriott, Associate Brokers Generally, seller should pay the commission.
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Tony and Suzanne Marri...
Scottsdale, AZ
94,155
Isn't that called a "short sale"?
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Tony and Suzanne Marri...
Scottsdale, AZ
8,280,826
The home seller may have to make a contribution to cover the commission.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,273,109
One should check out the mortgage balance. If you stipute a commission to be paid no matter what, you send demand for commission if not collection agency or small claim court. One way or other the borkerageS need to get paid.
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Tony and Suzanne Marri...
Scottsdale, AZ
231,279
that looks like a deal that shouldnt have been a deal :) . but it happens. as marc said, see the contract. is it a short sale?
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Tony and Suzanne Marri...
Scottsdale, AZ
1,157,847
As a starting point, you would need to refer to the relevant agreement(s) in order to determine the answer.
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Tony and Suzanne Marri...
Scottsdale, AZ