Charging a Buyer Agent's Commission for an Open House Walk-In?

[MikeyKid]

Originally Posted by Avondale15

OK, let me ask another question then. Forget about the dual agency for now.



Let's say I have a regular Exclusive Right to Sell, and my listing broker holds an open house. Can she claim to become a buyer's agent for a walk-in -- and want the buyer's agent commission in addition to her seller's agent commission?

Do you read what you sign?

You signed a 4% listing agreement with a potential 1% savings in a dual agency scenario... had you not done the dual agency, you would have signed a more standard listing agreement and paid 4% total in all scenarios. ALL SCENARIOS... you would have agreed to pay 4%, which BTW is a discounted rate.

I recommend that you stop digging because you sound more and more like the biggest cheapskate in history... that's the only reason people sign dual agency, which is a bad idea in almost any scenario... you wanted to cheap out and pay 3%... that's 1 thing, but to then try to cheap out another 1% like this is embarrassing.

These professionals need to get paid for their time and expertise... if you don't want to use them then go FSBO... otherwise, pay what you signed and agreed to pay.

[jackmichigan]

Originally Posted by MikeyKid

Do you read what you sign?

You signed a 4% listing agreement with a potential 1% savings in a dual agency scenario... had you not done the dual agency, you would have signed a more standard listing agreement and paid 4% total in all scenarios. ALL SCENARIOS... you would have agreed to pay 4%, which BTW is a discounted rate.
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4% is not a "discounted" rate. It may be lower than many, but it's more than others. No one has read the listing agreement except the OP, but it sounds very likely that he misunderstood what he signed.