I had a conversation with the agent and the commission was set back to the original agreement. May have been a case of kindness remorse (signing a really low % agreement and then not wanting to live up to it after the offer was on the table).

I hear, you Sam. The difficult thing is they were really good friends. I have invited them both for a conversation to clear any misunderstandings. Rest assured, I do know where to find the proper authorities on this and make their life hell if they choose to stand by their choice. Thanks...

Thanks Thomas.

Yes, I agree with you but that is all fine and above board as long as it is defined in the agreement ahead of time. In my situation, I had two offers on the table and that's when I was asked to revise the commission %.

So the selling realtors get paid from the lawyers trust account, then, right? So, in order for the lawyer to do that, they would need to have a copy of the Listing Agreement which specifies the commissions - or is there some other way they figure out how much to send to the realtor? This...

Hi When lawyers process paperwork for a house closing, do they pay out the %commission based on the Listing Agreement? Just curious how the logistics of payment work, how the bank gets paid from a sale and how funds are distributed to bank and realtors? I'm trying my best to understand the...

Thanks. Kind of sucks when I thought this was a friend. Seems like a little greed worked its way in when the offer price went up and friend wanted a piece of that pie.

I Think you missed the part about it being a triplex. That would mean monthly rent of $3,300, or annual at $39,600, which puts it close to your 3.5%. A four plex should make it above that.

Just to clarify ... I was asking if the losing bidder would be entitled to any of the commission that was previously agreed to in the contract. I know, either way it would be the same answer, I expect - NO. There would be no additional payment as the commission percentage has already been...

This is a bit of a personal issue so I'm not sure I want to go that route but now I know where loyalties are. If it keeps eating at me I might have to go that route. Cheers.

Thanks Thomas, You have given me some valuable insight. I think I already knew this but just wanted confirmation that I wasn't misunderstanding the intentions of the players involved.

It becomes my concern when my listing agent asks me to revise the commission paid to the listing agent when an offer is already on the table to compensate a losing agent's bid. Any of those types of agreements amongst realtors should come from the original commission agreement, not a request to...

Thanks for the reply, Thomas. I was given this excuse by my realtor when he saw my listing sell for more than listed and I guess he wanted to share in the profits - stated that he had to compensate the other agent from his agency that had presented the losing offer. This is despicable and...

In a situation where a property is presented with multiple offers, is there EVER a situation where an agent presenting an unsuccessful offer would be entitled to any remuneration or commission? Even if the agent presenting that unsuccessful offer happened to be from the same agency as the...

I don't think there was any pressure by the 'losing' agent to expect any commission. I don't think that is the way commissions are generally worked out. Listing agents usually get their set fee as stated in the contract. A portion of that gets paid to the listing office but losing bids never...

Hi, I recently sold my home using a realtor team. I think there was something rotten in the process but I'll let you be the judge - some of this is quite personal, so I am keeping it anonymous. My friends of several years were the listing agents for my home. We agreed on a discounted...