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Old 10-26-2012
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Re: buyer's broker payment questions

Based on what you just stated, he is not acting as your Buyer Broker, he is acting as sub-agent (maybe the wrong term, SN lawyer members could clarify) of the Seller. If he knows your confidential info there is a very good chance he is revealing that info to the Seller Broker 'to put a deal together'. I was a yacht broker, I'm now a REALTOR and saw/see this action regularly - Agents forgetting who they owe confidence, confidentiality and fuduciary duty to, all just for another buck. No wonder my wife calls them pimps and whores.
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