Alta,
I was giving him information specific for Illinois as we are both in Illinois. It matters not if he belongs to the association as long as he makes an agreement with the listing brokerage which is not a big deal as it common with non association agents. So that would be Yes as he is not in your area
Originally posted by altarealtor:
Yes and no, at least in my area. The listing contract depicts the commissions and their split. The listing brokerage can do what they want with their portion, but they must disperse according to the listing contract. If however a sitaution arises where the buyers agent is not liscensed by a recognized association, then our laws prohibit us from dispersing towards them. Those funds will then be held in trust until a judgement is made regarding dispersal. A written agreement between a non recognized board will NOT overrule, as the brokerage is liable within our bylaws, should a dispute arise.
If you are not a memeber of the local board, you will not likely be recieving any comm split.
The easiest way would be to negotiate for the seller to amend the listing agreement, then agree on a reduced price, but I just can't see where the motivation would be for the seller/representing agent to work at stuffing your pockets, unless your bringing something really good to the table. Until your registered, your just another buyer.
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