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<p>That sounds like what Redfin has done for years. It probably
does have to be done as closing costs, if there's a loan, but I'm
hardly an expert on such matters. If I've rebating I'll always
ask the lender what's allowed. <br>
</p>
<p>BTW, the new Form 41C that went into effect in October has a
choice to credit part of the commission to the buyer or to reduce
the commission (effectively benefiting the seller under the new
listing forms). It also covers situations where no compensation
is offered in the listing, and where the compensation is less than
the buyer's agency agreement. And if that's not enough, there's
an "other" section where you can write in whatever you want.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 11/9/2022 3:42 PM, Craig Gourley
wrote:<br>
</div>
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<p class="MsoNormal">Further clarity on my facts. Property is
listed by the “ listing agent” and seller offers whoever
brings a buyer a larger than normal commission. My client is
not the “listing agent” but represents the buyer thus he is
the “ selling agent”. Buyer wants his agent to rebate him
(the buyer) the “ bonus” portion of the selling agents
commission. I suppose this could be considered a fee
sharing. What if the selling agent offered to pay part of his
client’s ( buyer’s) closing costs? Same result as a cash
payment? I agree that the safer way would be to offer the
seller a lower commission in exchange for a lower price but
for some reason they want to do it the hard way. Thoughts?
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b>
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a>
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Wednesday, November 9, 2022 2:15 PM<br>
<b>To:</b> <a class="moz-txt-link-abbreviated" href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> Re: [WSBARP] real estate commissions<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p>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.<o:p></o:p></p>
<p>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.<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>John L. Scott, Inc.<o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
<div>
<p class="MsoNormal">On 11/9/2022 1:55 PM, Craig Gourley
wrote:<o:p></o:p></p>
</div>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<p class="MsoNormal">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
<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt">Gourley
Law Group</span></b><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Snohomish
Escrow</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">The
Exchange Connection </span>
<o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Trustee
Services of Washington, Inc
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">1002 10<sup>th</sup>
St Snohomish, WA 98290</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">PO Box
1091 Snohomish, WA 98291</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">360-568-5065
<a href="mailto:Craig@glgmail.com" moz-do-not-send="true"
class="moz-txt-link-freetext">
Craig@glgmail.com</a></span><o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><br>
<br>
<o:p></o:p></p>
<pre>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<o:p></o:p></pre>
<pre><o:p> </o:p></pre>
<pre>_______________________________________________<o:p></o:p></pre>
<pre>WSBARP mailing list<o:p></o:p></pre>
<pre><a href="mailto:WSBARP@lists.wsbarppt.com" moz-do-not-send="true" class="moz-txt-link-freetext">WSBARP@lists.wsbarppt.com</a><o:p></o:p></pre>
<pre><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fmailman.fsr.com%2Fmailman%2Flistinfo%2Fwsbarp&data=05%7C01%7Ccraig%40glgmail.com%7C5737d140fdc84c5e080308dac29ff81b%7Cebbf337fee3b4dd681791c2ed72652b1%7C0%7C0%7C638036289584442872%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=HX%2BHzp8oINdbWWffiESinJnHpMetuUyEDTPEAEFUnf8%3D&reserved=0" moz-do-not-send="true">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><o:p></o:p></pre>
</blockquote>
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<br>
<fieldset class="moz-mime-attachment-header"></fieldset>
<pre class="moz-quote-pre" wrap="">***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***
_______________________________________________
WSBARP mailing list
<a class="moz-txt-link-abbreviated" href="mailto:WSBARP@lists.wsbarppt.com">WSBARP@lists.wsbarppt.com</a>
<a class="moz-txt-link-freetext" href="http://mailman.fsr.com/mailman/listinfo/wsbarp">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></pre>
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