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Originally Posted by speeder
I'm not an expert on the particulars of RE commissions but it seems like Craig should not have to pay that agent anything since he did't hire him. He's working for the buyer's fee, right?(
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Although everything is negotiable the buyer's fee is typically (as in well over 90% of the time) paid by the seller. That said, if these people really want your home they should be willing to at least participate in that Buyer's Agent fee (of probably some 2.5-3%). Then again, if you can ultimately net the number you want, paying the agent for bringing a qualified buyer to the table isn't all bad.
As for renting the home back from the new owner: could be problematic unless it's a cash deal, as lenders have rules against occupancy agreements of longer than about 60 days, post closing. Break the lender's rule and face possible charges of loan fraud, and FBI level offense.
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