Belt Auction

Do we have to pay the 3% commission to our buyer's agent if we bought our home at a sheriff's auction?

We signed a buyer's agreement with an agent. He showed us houses on three occasions. We went to a sheriff's auction and bought a house. I remember him talking about at least $150.00, but I don't remember what the contract says and he didn't give me a copy. Do we have to pay him 3% or can we bargain down that price? Here's what the contract states: "I agree to pay Real Living HER a fee equal to three percent of the sale price if I, or any other person acting on my behalf, purchase property during the term hereof (and any extensions) where Real Living HER is unable to cooperate with other agents/brokers to receive an/or negotiate a fee to be paid by the Selloer or the Seller's sales associate. I agree to pay one hundred forty nine dollars compensation to Real Living HER at the closing in consideration of administrative services provided by Real Living HER."

Public Comments

1. You need a copy of that agreement and ascertain your obligations. Do you owe a commission (just) on homes the agent shows you or do you owe a commission if you buy a home, period? realtor.sailor
2. Normally you would only pay the 3% commission if the property you bought was one that the agent showed you, if you located the property and bought the home with out his assistance than the answer is No, you do not pay the 3% if he was not the procuring cause of the purchase. But you do need a copy of the documents you signed.