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Buyers Agent Fees: Don’t Forget to Clarify Payment Obligations During Negotiations

During negotiations, be sure to explain to your buyer how much, if any, of the buyer’s agent’s fee the buyer will owe based on the documents currently being negotiated.  Especially in the case of a seller’s counteroffer modifying the amount of the seller’s contribution to the buyer’s agent’s fee, it’s important to ensure your buyer is aware of their financial responsibility.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.