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Foreclosure - 4 UNIT IN TRINIDAD

$209,900

Address: 1106 Queen Street NE	City/ST: Washington, DC	Zip Code: 20002
Property Type: Multi Family Home	New or Resale: Resale	Square Footage: 2496
Bedrooms: 4	Bathrooms: 4	MLS# DC6932266

***BANK OWNED***This 4 unit building has (4) 1BR units, and it needs repairs, and upgrades that include: Replacing the kitchens, baths, roof, paint, carpet, and windows to achieve its true market value.

Last Updated: 10/9/2009 2:06:10 AM

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Agency >Who Pays the Commission

Does it cost the homebuyer more to be represented by a buyer's agent who serves their interests exclusively? No, because the listing agent splits the sales commission, which is customarily paid by the seller of the home, with the buyer's agent. The sales commission split is usually 50-50, but the listing agent and buyer's agent will sometimes make another agreement and split the commission unequally.

There is one very unusual circumstance in which the homebuyer might pay a commission to their buyer's agent. The real estate agent might show the buyer a local "for sale by owner" (FSBO) home which the client decides to purchase. In most cases, the FSBO seller who is presented with a qualified buyer is glad to pay the buyer's agent a reduced fee of about 3 percent, or half of a normal sales commission. But the FSBO seller could stubbornly refuse to pay the buyer's agent any commission whatsoever. In that case, the buyer's agent would legitimately expect the buyer to pay the sales commission, in fair exchange for the agent finding the FSBO home and negotiating a successful transaction.

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Q	What do 84% of homebuyers who use the Internet to search for homes have in common?
A	They use a real estate agent to purchase their home.
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Terrence Boykin, REALTOR�, real estate agent and broker for Washington DC, Montgomery County and Fairfax County, Maryland home listings, property and land for sale - NUMBER1EXPERT

Terrence Boykin
RE/MAX 2000 Realtors
11900 Parklawn Dr.
Rockville, MD 20852
202-256-6509
Fax: 202-355-7544
terrenceboykin@NUMBER1EXPERT.com

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