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Old 2014-07-02, 02:31 PM
WellThatsLovely WellThatsLovely is offline
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Join Date: Jan 2014
Location: Oakville
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Default If an agent comes to you with a buyer, how much comission are they entitled to?

We live on a street where houses very rarely go for sale and when they do, there are multiple offers and the houses sell the same day.
There is an agent who's been in the area for a long time, knows everyone on the street and (understandably) likes to keep tabs on who's leaving and when.
He's caught wind that we're likely the next ones to go, and has already expressed to us that he has a buyer lined up. In this case, would the agent be entitled to the full 5% asking? Would a flat fee be more reasonable?
I get that agents offer a lot of value to sales but in this case, the amount seems a little excessive for an afternoon of work.
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