Buyers advocate fees ? Inside or outside?
Reply: 1.1.1.2
From: Ross Sondergeld
Hi,
Subject: Buyers advocate fees Tax deduction.
Hmmm...
But you also need to remember that a "Buyer Agent" can charge a few
different ways.
In simple terms, the payment of commission is a matter of contract law, not
agency law. Therefore.... buyer agents can be paid directly by the buyer or
by teh seller. It all depends what the "buyer agency agreement" says...
How do I charge... Even i don't know...
Sometimes i get duded by everyone... (i.e. open buyer agency agreements)
Sometimes a get a flat fee... (i.e. $5,000)
Sometimes i get a 50% fee split from the listing agent (with a buyer agent
clause inserted into the sale contract.)
Sometimes i get paid directly by the buyer... (i.e. 7 of prchase price)
Sometimes i get paid 100% of teh max fee in QLD from teh seller. Based on
teh special conditions within the sale contract.
Basically, it all depends what the compensation clause within the buyer
agency agreement says...
But don't forget i'm in Queensland...
P.S. Please don't argue with me about how and whom pays the buyer agent...
(i've spent years in US forums debating the issue...)
Ross Sondergeld ~ Buyer Agent
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
" Imagine buying real estate the easy way...
...with a Buyer Agent on your side!!! "
Buyerside Real Estate Mobile 0412 289 464
Office 9b, 34 Glenferrie Drive Office (07) 5562 1555
East Quay Corporate Park Fax (07) 5562 1248
Robina QLD 4226, Gold Coast
[email protected]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
_________________________________________________________________
Send and receive Hotmail on your mobile device:
http://mobile.msn.com