Abide by whatever is in your Buyers Agency Agreement - these are not negotiated after-the-fact!  No how, no way!

No, and agents who need to pay to do deals don't tend to stay in this business long.

Hell No!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

No. Period.  This is no way to build respect in the business.  Would you ask your doctor or CPA to reduce your bill if you already agreed to a number? No of course not. They'd laugh us off!

NEVER!  Oh hell no!

Not before, not during and not after....for any reason.

Eve

PS:  who cares if a buyer who does not "value" you, is not happy?? they are in it strictly for the money and could care less if you are good or not.

In the past 20 years, I have had only one buyer ever ask...and the answer was a simple "no".  Quality clients just don't ask.

Eve

 My work, brain and skill has a value and that doesn't come for free. I would ask the buyer why this is a charity? In your market, like mine it is difficult to get a seller to accept your offer and to get to the keys. This buyer will ask for more at closing

Kris,

In California, commission are paid to licensed real estate brokers who then distribute it to their agents, based on their agreement.  I would not have taken that lead,   A

This is why Buyer Representation Agreements are a good idea: the commission is "written in stone."

This should have been clarified in the buyers agreement before you looked at the first home with them.

It is illegal in Oregon to "kick back" commission to anyone.  Only licensed agents can receive commissions or referrals. Plus - you have earned your commission.  Why would you ever consider sharing this with someone else?

I very rarely pay for a lead from anyone for any reason and I certainly would never give up more than 10% of my commission. I'm a busy guy because people know they can count on me to do a good job for them. Give me the lead and you know your client/friend/relative will get great service. If that's not enough go ahead and sell your client/friend/relative to a lesser agent.

What Debe Maxwell, CRS said. -Kasey

No way! 

29% is hefty enough! No way!

I'd tell the buyer, "50% is possible if you refer me 3 clients that want to buy or sell before we close escrow". Otherwise, a deal is a deal. I'd also say no if they are really that transactional, as I see no future in them beyond this commission...then Debe Maxwell, CRS has your best answer.

I say ditto to Kathleen Daniels delicate words....

As Ron and Alexandra Seigel wrote . Your time is worth more than that deal.

    In Florida, I as a Broker can rebate commission directly to a Buyer (or Seller).  I can charge or not charge whatever percentage or dollar amount we negotiate.

    But that is agreed to up front, in writing.  I won't renegotiate that after the fact.

I will go by what was originally agreed upon.

No.  You have a contract, stick to it.

The buyers are trying to make you their b!tch.  Just say NO. 

I really don't like buyers like your buyer, they are takers, tell them no.

I do not do rebates. In your case if in the contract, you honor it, if not in the contract, you have them read said contract. Worst case ask for half their pay for the next 3 months

Nope, not happening.

It is unlawful in TN to pay a fee or commission to anyone without a real estate license so the answer is no.

No.

Kris Swierz I wouldn't have taken the lead in the first place.

Commission are negotiated up front.  If they know they are getting a rebate for 29% and you agreed to that, that is what stays. 

You are welcome to say no to further negotiation.  Just like, they could say know if you decided to renegotiate the 29%.

Hell no. Would I work with buyers that want to keep their hand firmly in my pocket? No.

I would not. 

Kris Swierz what will be your $/hr rate at the end of all this?

I would explain to the buyer that you have a buyer agency contract and also that you do not re-negotiate "after the fact".  I would use the analogy of employment.  If you get hired at $20/hour and you accept the job for that pay you don't come back to the boss "after the fact" and ask that they pay you $25/hour.  Just doesn't work that way.

Totally agree with Anna Banana Kruchten, CRS 

I wouldn't work with them in the first place.

After the fact there'll be no further negotiating. 29% is as happy as you're gonna get!

That is why agents work with for Redfins find after 50 home closing they are still poor.

NO!

Debe Maxwell, CRS nailed this one!

I wouldn't.

What a joke. Tell the effin buyer to eat manure and die.

"Would you pay the difference to make your buyers happy?" Are you happy giving out rebates?

No way

This is a huge problem in our profession.  Why is it assumed or in some instances expected, that we will give up a portion of our pay to a buyer or seller?  I've never seen other licensed professions, i.e. doctors, lawyers, accountants practice this "madness".  My time and expertise is too vaulable.  I don't give rebates or commission cuts to clients.  Know your worth and stick to it.

Cheers!

I agree with Debe, if you have a buyer agency and an amount has already been agreed upon, that is the answer.

What does the agreement say?

Rebating is illegal in Maryland, if you did it here your putting your license in jeopardy

First of all, why do any rebate let alone 29%?  The king of buying buyers, redfin, only does 1%.  Just answer them with "do you give your boss half your paycheck for the pleasure of working there?  Neither will I."

They can ask; you don't have to agree. They knew what they were getting into and you made your decision based on those numbers. At the end of the day, you have to decide if it's worth it for you.

Nope. 

Just say " Thank you for asking, but the contract says29%, so that is what it is."

no

Let the buyers be happy about their new home & not that they got a person to work for less than their true worth. 

I'm with everyone else. There's no negotiation of commission once the agreement is signed and certainly not after the home is under contract!

I would respond. "Please write down your request and sign it."

Then,

I would remind the buyer they were presented that option at the very beginning with the understanding more would be required of them. 

I would remind them they turned that opportunity down.

After you eat the meal is not when you negotiate the cost. Of course that was the Presidents prime negotiating practice.

By the way, you are getting a good deal and there is a back up in place.

Shall we move forward?

Yes, I will let the deal fail for the 'difference' involved. And no, I will not defer that cost to the sellers side.

Now, what will I do with that submitted demand?