Originally posted by Lost in Maine:
Deepsea - that's why a buyer's agent should be "Fee paid" - by the BUYER. (Are you saying it's hard to find an UN-ethical agent???)
In everyone else's sceanario, the buyer's agent gets paid by the seller, yet nobody can see any conflict of interest??
They'd better stay away from this town. They'd lose their bloomers in a heartbeat.
so then....why didn't you offer to pay your buyer's agent an up front fee for their services? There's nothing stopping you from doing that...
I know if I had a buyer come up to me and say "I'd like to buy a house for $200,000 and I'd like to pay you $6,000 (3%) up front to help me find it (by the way, that's non-refundable, and not contingent upon your purchase of a home)"
I'd be pretty excited about the proposition.
That seems to be what you're saying you'd like to do...right?
Personally when I work as a Buyer's Agent, I have a Buyer Broker Agreement that says the buyer is to pay me X% that has been earned when a contract for Purchase & Sale has been written within the terms of the agreement. Any co-broke commission paid by the selling office shall be rebated to the buyer at closing...but flat fees paid up front wouldn't be bad, either...