if i hired a broker, but find a buyer myself do i have to pay full commission

In Selling Property - Asked by Brenda G. - Jun 16, 2015
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Answer(s)

Glen W.
Lender/Mortgage Broker
Atlanta, GA

I assume you have a contract with the broker. Unless they buyer was explicitly excluded from the listing agreement they are typically due their commision

Jun 16, 2015
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Chris R.
Broker/Agent
Denton, TX

Typically yes. Review the terms of your brokerage agreement. Discuss with your agent. He / she may be willing to discount it but will depend on the language of the agreement you signed.

Jun 16, 2015
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Brad F.
Broker/Agent
Redlands, CA

Typically the Listing Agreement provides for the fee to be split between the Listing Broker and the Selling Broker (Buyer's Broker). If you clearly found the Buyer, then it stands to good reason that you would only have to pay the Listing Side Fee. So if you signed a 6% deal, and your Listing Broker agreed to share that 50/50 with the cooperating broker, then you would need to pay out at least 3%, but maybe no more than that. Of course you (or your attorney) need to refer to the actual language of the listing agreement you signed.
The main complication you may have is determining who is the Procuring Cause of the Buyer. Depending on your State, it may say that whoever wrote the offer is the Procuring Cause. So if your Listing Broker also wrote the Purchase Contract for the Buyer, then the Listing Broker is likely to be entitled to the Full Fee.

Jun 16, 2015
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Rich N.
Broker/Agent
Houston, TX

Yes

Jun 16, 2015
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Francisco D.
Property/Asset Manager
Dodgeville, MI

No. You don't have to pay anything to the Broker. You found the buyer with your effort, you did the showing, you did all the paperwork. Why would you pay for someone to just put your property on an MLS or other website and not do any work? the MLS or the "other website" did not provided any results. However if you did not have your Lawyer review the Real Estate Agreement you sign with your broker/agent or did not read it yourself carefully and agreed to pay someone to do not do any work; then you can call your Lawyer and let him/her know that they should have disclosed that fact to you when you signed the agreement and still don't pay any FEES.

Jun 16, 2015
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Tenee S.
Broker/Agent
Albuquerque, NM

Typically your listing agreement states that you pay for the sale or lease regardless of who procured the client. Our NM agreements are wrote up that all negotiations are to be done thru the broke. I have typically offered my clients a discount if they find the tenant or buyer.

Jun 16, 2015
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Carlos R.
Listing Administrator
Miami, FL

Yes

Jun 17, 2015
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Tina T.
Appraiser
Maryville, TN

Yes but most of the time the listing agreements have a tiered commission schedule. If you did not get that negotiated on the front end, you may have to pay the full commission. (unless the broker is nice and wants your repeat or referral business).

Jun 17, 2015
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Anthony W.
Broker/Agent
Guatay, CA

That depends on the type of Listing Agreement you signed. There are several types of listing agreements. Read your listing agreement carefully. Here is a link that you may find Helpful.

Jun 17, 2015
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Jamil D.
Broker/Agent
Los Angeles, CA

Yes, Assuming you signed a contract.

Jun 17, 2015
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Paul S.
Property/Asset Manager
Philadelphia, PA

Most typically yes. But depending on the language on the listing agreement you may be able to pursue for a negotiated broker fee.

Jun 23, 2015
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Ruth T.
Broker/Agent
Middleboro, MA

Depends on the contract you signed,

Jun 26, 2015
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Mary Jo B.
Broker/Agent
Greeley, CO

It depends upon how your listing agreement is written.

Jul 10, 2015
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Lou M.
Broker/Agent
Chico, CA

How did you find the Buyer?

Jul 13, 2015
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