Broker payment ...how much?

Started by Evgrieve

over 10 years ago

Posts: 8

Member since: Mar 2014

Discussion about

We had a broker send us an unsolicited letter informing us he had a buyer he represented who wanted to purchase our apartment. Our apt is not for sale but quite simply im open if there is an offer i cant refuse. They have not seen the place but there has been several units in the same line which sold recently. Is the broker likely to make me sign something before she brings buyer by to look. Can i have them over, refuse to sign anything, and just structure the contract thereafter. If i find a 3pct commision too high can i just tell them ahead of time..im only willing to give you a 2pct comission on this transaction?

Response by NWT

over 10 years ago

Posts: 6643

Member since: Sep 2008

The broker isn't going to produce the buyer until you agree on a commission. How much that'll be is up to you two to negotiate.

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Response by jms8

over 10 years ago

Posts: 110

Member since: Apr 2011

I'd bet dollars to donuts that broker is just phishing, there's no real buyer at the other end, he or she will try to get you to sign an exclusive and then market your place once the "buyer" disappears. BTDT

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Response by flarf

over 10 years ago

Posts: 515

Member since: Jan 2011

Unless there is something incredibly differentiated about your place -- which from having several units in the same line sounds like is not the case -- then why would a potential buyer pick your apartment as a "must have" from among the hundreds of thousands that are not on the market and put his broker on the case?

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Response by feelhong

over 10 years ago

Posts: 62

Member since: Nov 2009

Could the buyer be your neighbor (looking for a combination)? Doesn't hurt to ask and potentially bypass the broker

Broker payment ...how much?

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