Seller Requests Copy of Buyer Brokerage Services Agreement: Legal Hotline: Summer 2024

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This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, addresses a question frequently asked by our members via the Legal Hotline. In this episode, Annie discusses whether or not Listing Brokers should be asking for copies of Buyer Agency Agreements and if Buyer Brokers should provide them to Listing Brokers.
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Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)
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Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer - The Legal Hotline is a Washington REALTOR®Member-only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database.
Copyright © 2023 Washington REALTORS®.
Please contact Washington REALTORS® (1-800-562-6024)
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Опубликовано:

27 окт 2024

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Комментарии : 17

@robbennett3506 3 месяца назад

On the other hand. Would the buyer be able to see a copy of the seller's contract with the Listing company. Seems it should go both ways for both parties.

@LunazulBaraka 3 месяца назад

My question as well! I have never seen a buyer even dare to ask for that since it is an agreement between an LA and a seller

@LunazulBaraka 3 месяца назад

And it would make more sense and it would be more of their business because it's coming from the purchase price that the buyer is paying for

@ZydecoBreakfast 3 месяца назад

@@LunazulBarakaSo what? I’ve always thought that the LB listing contract should be made available. I want verification that LA isn’t holding Commissions that the Seller believes will be made shared with Buy side.

@LunazulBaraka 3 месяца назад

@@ZydecoBreakfast so what what? Read the room! Op and I are curious as well. We are not opposing anything 🙄🙄 why so rude!!??

@WashingtonREALTORS 3 месяца назад

Hi Rob! If you are a Washington REALTORS member, please direct your questions to Annie at our Legal Hotline here: www.warealtor.org/membership/for-members/legal-hotline. Thank you!

@2008MrsKim 2 месяца назад

I believe that the LB should put up the listing agreement compensation so that the buyer broker can see it because I have worked for a home and received the 2% compensation, but when the closing came in, the listing broker was compensated 4% of 6% total. Whether the seller knew or not, I do not know. As a buyer broker, I want to see exactly what the seller is offering on a signed contract that the seller knows exactly what the split will be.

@tinainnca 3 месяца назад

There is no reason that the seller/listing agent should not obtain the buyer broker agreement IF That amount is being requested in their offer. There has to be a validation if it’s not being requested, then no

@ZydecoBreakfast 2 месяца назад

@@tinainnca Just curious: Why does there have to be Validation. Seems to me the Seller will either agree or he won’t. Is Validation a State Requirement? Curious. As stated earlier, Seller Agent should also share their compensation agreement with Buyer.

@homesbymarleen 3 месяца назад

Great words of wisdom - thx Annie ❤

@glenthomasrealtor6223 3 месяца назад

Hi, what if the buyers agent agrees to work for 2% and the seller agrees to pay 2.5%. Why should the buyer agent get extra money if they agreed to work for 2%?

@WashingtonREALTORS 3 месяца назад

Hi Glen! If you are a Washington REALTORS member, please direct your questions to Annie at our Legal Hotline here: www.warealtor.org/membership/for-members/legal-hotline. Thank you!

@ZydecoBreakfast 2 месяца назад

@@glenthomasrealtor6223 Perhaps write: ‘Buyer Agent Compensation shall be equal to Seller Agent’s Compensation.’

@glenthomasrealtor6223 3 месяца назад

Why would you not want to know who is paying what, how much they are paying? That should be presented to the seller when the offer is submitted.

@ZydecoBreakfast 2 месяца назад

@@glenthomasrealtor6223 And Disclosure of Seller Agent’s Compensation should be shared as well.