There was no contracts signed. Is is unethical to not give him anything? And if you do pay him, how much?
2006-10-10 15:12:56 · 11 answers · asked by LaLa 78 2 in Business & Finance ➔ Renting & Real Estate
I see you are getting a lot of "not true" answers.
If that agent showed you a house and then you bought a house directly trough a builder you owe the agent nothing.
If that agent showed you the house that you bought through the builder, you still owe them nothing.
The agent is a sellers agent, they are showing you the house but work for the seller. They have both buyer and sellers best interest in mind, I hope. But do work for the seller, unless they are a buyers agent, but still they are paid by the seller.
You should be signing an agency disclosure before you are showed any properties by an agent. Therefore you will know who they are working for.
Hope that helps.
Good Luck !
2006-10-10 15:41:03 · answer #1 · answered by TeQuiLaSuNriSe 1 · 0⤊ 0⤋
If you did not have a Buyer's Representation Agreement, you do not have to pay the agent . Although, you should if he tried his best to find you a home. Usually and most of the time, the builder will pay the agent's commission, without any cost to you. It takes a lot of work finding the home.....for someone....if he spent some weekends showing you some, I believe he deserve something his commission....3% of the home, which is the average builder's payout.
2006-10-10 15:38:50 · answer #2 · answered by mikey 2 · 0⤊ 0⤋
If you didn't have a contract then no, you aren't legally obligated. However, why do you think the agent hasn't earned anything? They spent time to research, schedule and show you those properties. Time is money and morally you should feel an obligation to compensate them for their time. If you don't, that brings into question morals and ethics.
Regarding the response from TeQuiLaSuNriSe. The agent who showed you homes did not necessarily work for the seller. Most states have agency laws and practice designated agency. Sub agency and dual agency is not practiced anymore in most areas. So it will depend on your area as to the status of involved agents.
2006-10-10 23:42:00 · answer #3 · answered by Karen R 3 · 0⤊ 0⤋
Did that person show you this house that you want to buy from the builder? Then yes, if not, no, you only pay a commission on a sale if the person showed you or gave you the connection to that house or property
2006-10-10 15:19:00 · answer #4 · answered by doris_38133 5 · 0⤊ 0⤋
Real estate agents are paid by the sellers of a house. You don't need to pay anything since they get a percentage of whatever price the house is sold at. Don't worry about paying him, just get him to earn his sale by showing you all the houses you are interested in.
2006-10-10 15:15:51 · answer #5 · answered by Just another 2D character online 3 · 1⤊ 0⤋
No, the builder should pay the commision on the sale, or if you sold your old house before buying the new house, that realtor would get the commision.
2006-10-10 15:16:09 · answer #6 · answered by girlonline64 5 · 0⤊ 0⤋
Seller pays the agent....not the other way around. Even the buyers agent is paid by the seller. Sellers agent and buyers agent split the money.
2006-10-10 15:21:31 · answer #7 · answered by B R 4 · 0⤊ 0⤋
No contract - his loss. However, most builders give them $$$ for bringing you to him. Most realtors will ask you to sign a contract saying they represent you to prevent something like that.
2006-10-10 15:37:30 · answer #8 · answered by rab2344 4 · 0⤊ 0⤋
If the agent had nothing to do with you buying this house from the builder, you owe him nothing.
2006-10-10 15:15:25 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No. If that house was not one of the ones shown, then there is no contract between you.
2006-10-10 15:16:02 · answer #10 · answered by phaig93 4 · 0⤊ 0⤋