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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Question about REA
If you hire one to look to buy a house, do you pay them out of pocket?
Is that included in closing fees? Or do they get paid by the seller?
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Posted 2/2/07 4:20 PM  |
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Prudential Douglas Elliman Real Estate
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ckone
LIF Adult
Member since 8/06 3014 total posts
Name:
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Re: Question about REA
A check is issued from the closing costs of the seller at closing. You have plenty of yourt own costs to worry about.
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| Posted 2/2/07 4:26 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Question about REA
Posted by ckone
A check is issued from the closing costs of the seller at closing. You have plenty of yourt own costs to worry about.
that is right - unless if you hire a buyers broker - then you pay them.
but if you are getting a regular REA - the selelrs pay them - but it also means they act in the best interest of the sellers, not you.
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| Posted 2/2/07 4:29 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Question about REA
Posted by Meaghan729
Posted by ckone
A check is issued from the closing costs of the seller at closing. You have plenty of yourt own costs to worry about.
that is right - unless if you hire a buyers broker - then you pay them.
but if you are getting a regular REA - the selelrs pay them - but it also means they act in the best interest of the sellers, not you.
Yep, you can hire a REA as a buyer's agent, meaning he/she will work for you, look out for you, negotiate for you, give you advice in your best interest. If you do this, you will pay a comission to the REA as part of closing costs.
If you go the way most people do, you can ask a REA to help you with your search. He/she will research homes for you, make appointments, and show you homes. But since they will technically be working for the seller they cannot give you any advice, negotiate for you, etc. The seller will pay this REA - the comission with be split with the listing agent.
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| Posted 2/2/07 4:33 PM |
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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Re: Question about REA
Thanks!
I have an Aunt who is a REA- that's a good hook up, right?
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| Posted 2/2/07 4:34 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: Question about REA
Posted by MrsNaunie
Thanks!
I have an Aunt who is a REA- that's a good hook up, right?
YES!!! It is great to have someone to really be able to look out for you!!!
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| Posted 2/2/07 5:04 PM |
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