[WSBARP] real estate commissions
Kary Krismer
Krismer at comcast.net
Wed Nov 9 14:15:13 PST 2022
It would help if you would define "selling agent." Traditionally that
is not the "listing agent" unless there is no separate buyer's agent.
The term "selling agent" was used because the agent might or might not
be the buyer's agent. I suspect though you mean listing agent because
Redfin has been rather famous for rebating part of their commission when
representing the buyer.
I'm pretty sure there's no NWMLS rule against what you are asking,
assuming you meant listing agent. Whether that's allowed by RESPA or a
buyer's lender would be another matter. It is okay for a buyer's agent
to rebate part of their commission, but the lender might have limits on
that.
Kary L. Krismer
John L. Scott, Inc.
206 723-2148
On 11/9/2022 1:55 PM, Craig Gourley wrote:
>
> Listmates. I am not familiar with all of the rules governing real
> estate agents so hopefully those of you who work that arena can
> educate me. Client wants to know if a selling agent can give/rebate
> the buyer part of the selling agents commission. On its face I don’t
> see an issue unless there is some sort of prohibition on fee sharing
> like with attorneys or it violates some MLS rule. Thanks in advance!
> Craig
>
> *Gourley Law Group*
>
> Snohomish Escrow
>
> The Exchange Connection
>
> Trustee Services of Washington, Inc
>
> 1002 10^th St Snohomish, WA 98290
>
> PO Box 1091 Snohomish, WA 98291
>
> 360-568-5065 Craig at glgmail.com
>
>
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