Posted by chris on January 24, 2000 at 04:04:55:
You may want to put this one over on the main newsgroup.
The realtor’s commission would depend on the landlord’s agreement with the realtor. If there is a loophole in there that the commission only must be paid for buyers that the realtor finds that would be one way to avoid it. The landlord would have entered into a written contract with the realtor which would provide the answers.
One way to get the price lowered if the landlord cannot escape the commission is to pass along to the realtor that you may use a buyer’s agent. This should place into the listing broker’s mind a split commission. The realtor getting full commission on a low priced sale can make out with more $$$ than on a somewhat higher sale with a commission split.
$50,000 sale price with one broker receiving a 6% commission would result in broker receiving $3,000.
$100,000 sale price, but now you have a buyer’s broker splitting the commission results in 3% commission for each broker. The listing agent still only makes out with $3,000.
-Hope this helps, Chris