Selling by owner, realtor wants to help with an open house

[PayrollHRGuy]

If you will tell me what state you are in there might be a search function that I can find you.

 

[quincy]

Hmmmm... I will text her and ask. Is there another way to look it up?

You know what company she works for, correct? Call the company.

 

[quincy]

If you will tell me what state you are in there might be a search function that I can find you.

The state is Virginia.

 

[PayrollHRGuy]

http://www.dpor.virginia.gov/LicenseLookup/

 

[Helpp1z]

I will do. Thank you

 

[adjusterjack]

Yes, I signed electronically to pay her company 2.5% at the closing if she brings a prequalified buyer. I’m in Virginia.

You wasted a lot of time by not saying that at the getgo.

She wants me to sign

is not the same as "I signed."

Now you are stuck with what you signed.

And unless we can read the document, there's not much help we can be.

 

[Zigner]

And unless we can read the document, there's not much help we can be.

Since contract review is beyond the scope of this forum, even if we can read the document, there's not much help we can be

OP needs an attorney.

 

[quincy]

In fairness to Helpp1z, this thread was created on Friday. There probably was no agreement "at the getgo."

The agreement that was signed includes (apparently) a "payment at closing" condition, which helps.

 

[PayrollHRGuy]

I look forward to hearing if the agent is licensed or not. 2.5% is LOW.

 

[quincy]

I look forward to hearing if the agent is licensed or not. 2.5% is LOW.

6% is a typical commission (3% to selling agent, 3% to buyer's agent) but the 6% includes all that goes with listing a property.

Here the realtor is just adding a house to the list of houses she can show to her buyers (and possibly sell to one). She (her broker/company) does not have advertising costs.

 

[Helpp1z]

Guys, you did help.
You provided a definition of a qualified buyer. And you gave useful tips on how to create my own agreement if needed. I, definitely, will use it in a future.
After reading your responses, I had some texts back and forth with the realtor. I decided to proceed with the signing after she added “paid at the closing” to the agreement. It seems safe. I have no complaints about 2.5% commission been paid for a qualified buyer.
The only funny part that she started with the offering to host an open house for me and ended up with the sprained ankle after I signed the agreement. Sneaky.

 

[quincy]

Guys, you did help.
You provided a definition of a qualified buyer. And you gave useful tips on how to create my own agreement if needed. I, definitely, will use it in a future.
After reading your responses, I had some texts back and forth with the realtor. I decided to proceed with the signing after she added “paid at the closing” to the agreement. It seems safe. I have no complaints about 2.5% commission been paid for a qualified buyer.
The only funny part that she started with the offering to host an open house for me and ended up with the sprained ankle after I signed the agreement. Sneaky.

Thanks for the update.

I wish you luck with the sale of your home.

 

[rita bos]

always find a Real Estate Agent who will be trustworthy and having their license.

 

[quincy]

always find a Real Estate Agent who will be trustworthy and having their license.

I am glad you took the time to register on this forum, Rita. It is important to note, however, that Helpp1z is selling her house on her own, without a real estate agent, which is a choice homeowners can make.