You do understand that seller pays all commissions and that is built into the asking price, right?

The OP doesn't have an agent, the sellers agent would be entitled to 6%. A 1% discount would be 5%.
6-1=5...... You don't understand how real estate commissions work.

What do you get paid for an appraisal? $5-700? If someone called you and said they had 2 properties they needed appraised but only wanted to pay you for one, would you do it?
Same thing. Twice the work, half the pay.

You are thinking correctly.

If you've done all the legwork, honestly, there isn't a lot for a buyers agent to do outside of writing up the contract and presenting it/negotiation. The title company and lender will walk you through closing.

Do you know anyone who is a realtor?

Wait....your a real estate appraiser.


Can you represent yourself and charge a commission?

Not that I know of.

exactly

When I work, I feel entitled to compensation.

Well, its really not your 3%. the 3% comes out of the sellers funds regardless of if you have a buyers agent or not.


I am going to assume this is a residential type transaction. Not all deals are created equal but for me, I do a lot of work after contract is signed, meeting with buyers/sellers, coordinating moves, hiring trades, meeting with contractors, water well guys, inspectors, plumbers, appraisal districts, biologists, etc. I've hauled blinds, feeders, tractors, horses, etc. off. Coordinated deer catches, livestock sales, commissioners meetings, you name it. I do a specialized type of real estate however.

My wife does residential sales and she does a lot of the legwork after contract signing as well. Again, a lot of the same type of stuff as listed above just applicable to residential units.


If this is a lot or some type of open space transaction, then its probably pretty straight forward. In that case go ahead and do the deal without representation and do it yourself and don't worry about the other agents commission. if your unsure of how to handle to contract and are untrusting, then get a agent. its pretty simple. If you have only done one real estate deal in your life, and don't have a good handle on the contracts, I would consider you inexperienced and would def. recommend you getting an agent.

Damn, sorry to hear this prayers up.

Leonardo is correct. 3% of the 6% can go to the realtor that represents you or the whole 6% can go to the sellers realtor if you want to represent yourself for nothing. Get yourself a realtor that specializes in land sales and purchases.

I don't see you realizing the 3% you think you are saving by representing yourself. The sellers contract is signed to pay the realtor 6% and they don't have to negotiate if they don't want to. Its a cost already incurred. What I can say from experience is you won't need a real estate agent until its too late. Once you have gotten in over your pay grade you might think that 3% you weren't paying is awfully cheap.

The 25 acres, is gonna be either a farm and ranch or inimproved property contract.

Have you researched any mineral reservation conveyances, air rights, any leases the property may be under or you will inherit, scope of the electrical easement, zoning and subdivision restrictions of the county, etc,

A real estate agent isn't going to do any of that. The title company/bank only requires a survey, which will only show easements, electrical lines, etc...

Leonardo is correct. 3% of the 6% can go to the realtor that represents you or the whole 6% can go to the sellers realtor if you want to represent yourself for nothing. Get yourself a realtor that specializes in land sales and purchases.

I sure would like to know how much of that 6% goes to Ebby Halliday etal

Yep. A real estate agent isn't researching mineral reservations....gimme a break.