RockyMtnChic wrote:
torrey wrote:
What happens if it is for sale by owner?It’s totally up to the seller who is FSBO.
They can choose to offer a commission to entice brokers to bring their clients by. They can offer a flat fee or a % of their choosing but they don’t have to. That’s why you’ll often see “Brokers Welcome” on some FSBO advertisering. That’s usually a sign some sort of commission is being offered. But often times a FSBO offers no commissions to brokers. It’s also why brokers won’t take their clients to see this properties. There is absolutely 0 incentive for them to sell that property.
I have approached FSBO's and negotiated my commission with them prior to showing their property. Some are willing to do that, others are not. If I have a Buyer who wants to buy a FSBO who refuses to pay me, then either my Buyer agrees to sign a Buyer's Agency Agreement, or they can purchase on their own. I can't justify working for free, especially with the legal liability that I take on if I write the offer.
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Starting from scratch...