I found a buyer for my home and my realtor did not. How can I get the commission he recieved or a portion?

Answer 1

First, it is illegal for you to earn a percentage from the sale of any home unless you are a licensed real estate in the state the home is located. You can, however be paid a finders fee. There is no reason for the listing agent to pay you a finders fee if he/she is already in contact w/your buyer. Read your listing contract. There is verb age in there to cover them in just this case. If the home sells while listed w/them or to a buyer that first approached you/them while the contract is active, they receive their commission.

If your potential buy is unknown by the listing agent, you could approach a different Realtor to represent your buyer as a buyer agent and request a finders fee from them.

Consider this a lost cause and be glad you have sold your home. There is a good chance the buyer came from either the Agents advertising or the sign in your yard anyway.

Answer 2

Even if you allow the contact to expire thery typically have a clause that states if the buyer is found while the realtor was under contract that they get the commision.

Now if you have just found the buyer and can show the realtor that the buyer did not come from the relator's work then you may be able to negotiate to recieve part of the buyer's agent's commision.

Answer 3

You normally can't. The reason is the contact you signed with the realtor which will typically spell out in no uncertain terms that you owe a commission even if you are the one to find the buyer. Trying to make the contract with the realtor expire so you can get out of the commission is illegal.

Answer 4

If he already recieved the commission, then you can't do a thing about it. But if he didn't then sometimes your contract with them will have a clause of if you find the buyer not the realtor.

Answer 5

While I do not accept as true with your dealer's angle, I could say they're proper, particularly considering that the lender already gave them reductions to house for the additonal charges. If viable, get a written assertion from the financial institution that indicates how a lot the financial institution could have charged and what sort of the reduction was once. If it is nonetheless lower than the $six hundred the purchaser needed to pay, then provide an explanation for that they must take this up with the financial institution that was once overdue. Gently remind them that this was once no longer whatever that you just had any manage over, and as a result you do not think it is reasonable that they're asking you to make up for the mistake at the side of the financial institution. If the forms from the financial institution does exhibit they they discounted the volume no less than $six hundred, then this will have to appease the purchaser. If no longer, you then have got to simply chalk this purchaser up as one that is by no means going to be blissful till they get it THEIR means, whether or not it is reasonable or no longer.

Answer 6

If you signed an Exclusive Agency listing, you can sell it yourself without paying a commission, but if you signed an Exclusive right to sell listing, you will have to pay the commission. Most agreements are of the latter type.

As a practical matter, you should have brought this up before the fact. and maybe even retained a real estate attorney. It would have been money well spent.

Answer 7

You would have to be able to prove, beyond any doubt, that NOTHING the realitor did, resulted in this buyer. That could be very difficult if the realitor did ANY type of advertising of your home for sale.

Answer 8

If you have a contract with the realtor, which I'm sure you do, you can't.

Answer 9

If there's an existing contract you can't. You'll need to wait until it expires. It should've been negotiated up front.

Answer 10

tough luck - a contract will take precedence. that's always the risk - look on the bright side though, you've closed the sale.