RealDealer,
As usual you have missed the target completely!
Where did you get the idea he is only making 3K on the deal????????????
Better reread the original post and try again!
He is getting $3K credited back from the Realtor. $12k would be the Total Commission.

Paul, there's no mention of how much he's making in the first post. But he is obviously upset about the HUGE commission his agent is making. And again in the post I quoted, he's making a big issue about how much his agent is making "Its just so hard to turn down 12000"

My point is that the agent's commission should be almost irrelevant in traditional investing which is what he seems to be doing (buy and hold).

RealDealer,
You were the one that jumped to the conclusion about what the poster was making on the deal. The post was on the portion going to the agent who brought him the deal!

The whole point of this is the rat lawyer(cousin of the agent) who wants to cut out the agent that has always helped this poster in the past and has even rebated part of his commission back to the client. Too many attorneys think because they can do some of the same things as the agent they are qualified to do it which is most often not the case. I recently bought a 12 unit building and the sellers attorney was trying to kill the deal he was telling his client that the building was worth more than I was offering. I looked at the attorney and said ok if you feel this way You buy her building! I got up and walked out of the room. She can running after me while I waited for the elevator. It seems that her attorney would not put his money where his mouth was! I went back in his office and told him to confine his coments to the legality of the transaction or I would withdraw my offer and walk! The agents commission is just a cost of doing business for an investor. Maybe not for you as you dislike agent so much but many of us deal with professional agents who know what they are talking about or we are experienced agents that are also experienced investors that bring their clients good deals.
The point is a Good Investment Specialist is well worth their commission.

Too many attorneys think because they can do some of the same things as the agent they are qualified to do it which is most often not the case. I recently bought a 12 unit building and the sellers attorney was trying to kill the deal he was telling his client that the building was worth more than I was offering. I looked at the attorney and said ok if you feel this way You buy her building! I got up and walked out of the room. She can running after me while I waited for the elevator. It seems that her attorney would not put his money where his mouth was! I went back in his office and told him to confine his coments to the legality of the transaction or I would withdraw my offer and walk!


I will have to use that one sometime,good one!

Paul, I think you need to go back and reread my comments but this time without the tainted glasses.

You're arguing with me over the same point. The agent's commission should be only a minor cost of doing business if the agent is bringing the investor great deals. The fact that he's making such a big issue over the commission suggests that the deals are crap.

Me pay commission? You keep telling me buyers don't pay commissions.

Wow, this got out of hand quick. My realtor is the broker himself. No middlemen. The 12k would be MY cut, not a commission. Thats IF I went through the lawyer, opposed to my cut from the realtor, at 3k.

I didnt want to get into detail about properties and what not, I know what im buying and I know Im not getting ripped off because the property will pay off. I stuck with the realtor simply because he knows better, and i'd rather get 3k back at closing, and a huge return once I sell, than to take 12k now and risk not making any money in the future on said property.

No need to get into this legal mumbo jumbo, we're not doing anything wrong, and I understand the legality of realtor/client issues as well as realtor ethics code.

Either way, thanks for all the replies, my question has been answered

Wow, this is interesting. After, reading all the replies (including all the side issues) and now the original posters clarification, I absolutely know less about the question now than I did when it started. And you know what, I don't care. I'm moving on. I'm not beating dead horses that I don't know for sure are horses let alone dead.