Listing Agent asking for an additional 1.5% if non-represented buyer purchases home. Says they need it because it will be more work for them.
Talked to a listing agent and they have their "standard" listing fee and they were asked what would happen if a non-represented buyer made an offer on the home. They indicated that they would charge an additional 1.5% because having an non-resented buyer meant more work for them. That would be written into the listing agreement.
My question is: what exactly would the extra work be that justifies that 1.5% ? 650k home sale so that's $9,750 more.. Just trying to understand their thinking and if it is truly justified.
All insight appreciated.