What's the right way to do this?

By
Real Estate Broker/Owner with Abacus Properties Inc.

Senario: Agent is purchasing home for herself. She intends to give up her part of commission in order to lower the purchase price, thus lowering her property tax obligation. Seller will net the same or more. How should she go about doing this? Would form CBC do the trick? Modifying the compensation to buyer's broker to 0%? Is there another form or another better way?

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Ambassador
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I would think you can just do an addendum which reduces or eliminates the commission and write the offer for less money. Is that too simple?

Sep 19, 2009 05:10 PM #1
Rainmaker
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Lorrie Semler, REALTORĀ® in the Dallas area. Call/text 972-416-3417
Keller Williams Dallas Premier - Addison, TX
Real Service. Real Results. Real Estate

Do you have a Special Provisions paragraph in the offer where you can spell this out?

Sep 19, 2009 05:13 PM #2
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Rainer
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Abacus Properties, Inc. DBA Apple Dream Homes

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