Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28356912
No new orders today 13124334
Stupid MLS comments. 3313023
What do you know about Froy Candelario, top agent in USA 1208671
Stupid QC comments and BPO requirements. 1083370
New HUD Listing Brokers---Any Update? 1043592
Is there religious content in Buffini class? 836598
Let's talk about our cars 682936
Name that Flick. Great movie Lines. 615275
Pay it Forward - BPO/REO Tips & Tricks I & II 604058
Most common items found at an REO 595155
EML 459233
REOTRANS 449497
Main Street 435301
asset val seminar in colorado 415751
assist 2 sell or 1 percent realty? 347339
HOMONYMS - There, Their, and They're 317644
Evalonline 300206
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#448940 - 11/17/15 11:14 AM Commercial Buyer
gwesley Offline
Member

Registered: 09/15/04
Posts: 84
Loc: Houston, TX, USA
I have a commercial buyer who I'm working with. We have gone through a pre development meeting with the city about a particular property he's interested in buying. He's changing the use so the are some variances and conditional use permits that will be needed. The buyer wants me to gather the information and complete the application process for him. Is the buyer's agent usually the person to complete this? Should I ask for compensation for doing this? If so, how much. I will be getting 3% from the sale but this just seems above and beyond being a buyer's agent.
_________________________



Top
Advertisements
#448941 - 11/17/15 12:34 PM Re: Commercial Buyer [Re: gwesley]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7774
Loc: Vermont's North-East Kingdom
Is this a case of him thinking that you're more knowledgeble and qualified to explain the Project than he is ?

Maybe you should feel flattered (I guess) ?

I might sit with him to take notes and fill in the blanks . . . . maybe even type up the Application (if he has no Typist) but I wouldn't create any verbiage on my own. And in the end, he has to be the one to sign and submit the Application, and pay the Application Fee; NOT YOU !

Tell him Commercial is normally a 10% Commission (split 50/50) and you'd only get 3% on this one if this Application is successful so ask for a Retainer Fee of something (maybe $1000 ?) just to make sure he's serious and that you get a little "something" out of it; or get him to sign a Buyer Broker Agreement requiring you to get 4% (1% from him) or ask for both . . . . plus your normal Office Surcharge for Document Preparation (if you didn't have one, you do now).

Sounds good to me !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#448948 - 11/18/15 06:31 AM Re: Commercial Buyer [Re: gwesley]
Bigtoe Online   content
Major Contributor

Registered: 10/14/07
Posts: 2247
Loc: Outer Banks
I have applied for permits for clients. If you leave it up to the buyer then the pemits/variances might not happen and then you get no commission and lose your buyer to an agent who is willing to work for their paycheck.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

Top
#448972 - 11/19/15 08:28 AM Re: Commercial Buyer [Re: gwesley]
gwesley Offline
Member

Registered: 09/15/04
Posts: 84
Loc: Houston, TX, USA
Thanks.
_________________________



Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
cdefgh120303, The Legacy Team, starfish11040, mannycro80, ProSPM123
29911 Registered Users
Who's Online
2 registered (Long Walk, 1 invisible), 27 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 45
Vermont 24
estatereal 21
VABroker 20
Trouble 15
Lucky Leonardo 14
jreal413 9
MissionJoe 7
sualk54 7
The Legacy Team 7
Gamin' Agent 5
Nasser 5
David Hunter 5
Mr. Clean 5
RonnieEmz 4
Featured Member
Registered: 06/27/08
Posts: 205
Facebook

How To Advertise Here


This site presented by RNC Internet Services