Keyword: buyer agreements

Minimum commission policies: good or bad business?

Minimum commission policies: good or bad business?

With so many bargain basement deals available to buyers, some brokers are implementing a “minimum commission policy”.  They ask buyers to sign an agreement guaranteeing a commission of $X, anything less than that, the buyer makes up the difference at closing. Many property prices have slipped so low that their position is that they need to net $X per closed ...

Janie Coffey | 2010/09/01  | 42 Comments Real Estate

Minimum commission policies: good or bad business?

Minimum commission policies: good or bad business?

With so many bargain basement deals available to buyers, some brokers are implementing a “minimum commission policy”.  They ask buyers to sign an agreement guaranteeing a commission of $X, anything less than that, the buyer makes up the difference at closing. Many property prices have slipped so low that their position is that they need to net $X per closed ...

Janie Coffey | 2010/09/01  | 42 Comments Real Estate