Feb
27

If the seller is offering an agent bonus for a quick sale?

By admin
quick sale

Who does the bonus belong to?

Must the buyer be notified that his agent is offered a bonus?

Repossession

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Categories : sell quick

3 Comments

1

The bonus must be public. The procuring agent (buyer agent) gets the bonus. Yes, the agent should tell the buyer that he will be getting the bonus. It is possible that the buyer will ask that it be applied to the selling price.

2

The bonus is disclosed in the listing. In my area, the bonus must be disclosed. I’ve never had a buyer ask that my bonus be applied to the purchase price. Sometimes the agent has to split the bonus with the brokerage.

3

the bonus should be in contract and HUD 1

the agent gets the bonus, which is controversy, did the agent only show you the house for that reason???but if they showed you lots of houses (this was one of many) you might ask that the bonus come off the sale of the house & see what they say

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