Friend feels entitled to Fee
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[{"id": "ffcqms0", "text": "Life's short, I would toss him a fee to preserve the relationship. Would you have been able to put the deal together if it weren't for his insight/help? Also, did you just advise on the purchase, or are you actually buying the property?", "replies": [{"id": "ffcw1gp", "text": "Doesnt sound like ops client would have gotten the deal without the info his friend told him. His friend another agent told him the terms they were offering on this property, to help op with the property across the street. Then op came with his client and offered 50k more on the one his friend was trying to get for his client. Because op knew the price his friend was putting up, they just increased theres a notch. \n\nIf this was posted in am I the asshole subreddit I would have to say OP is a big asshole here. Mainly though because this is his supposed 20+ year long friend since childhood he just screwed over.", "replies": [{"id": "ffcy9fc", "text": "Agreed, this is the kind of thing that can screw up your reputation. I'd tell OP to make it right however he can and be more cautious in the future of stepping on toes, particularly when a friend is involved. Not worth damaging your long-term career over one deal.        \n\nI guess it depends on the market, but down here in the South this kind of behavior will make you a very unpopular person around town very quickly. Pretty soon nobody will tell you squat.", "replies": [{"id": "ffcyej8", "text": "Ya it's a pretty shitty thing to do in my opinion. His friend tried to help him and he betrayed that for a paycheck.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ffcvqdg", "text": "You have to setup the circumstance better. Hard to tell at first if you are the buyer, agent or Landowner. \n\nI assume you are both agents. Your clients offer was accepted over his because you used information he gave you when you advised your client. \n\nYou did nothing wrong legally, and did the best thing for your client. You technically owe him nothing. \n\nHe needs to be careful about sharing info like that. He clearly thought he could trust you not to use information like that against him and was trying to help you with your offer across the street. He made a mistake to trust like that. Anyone in this business will use any information against anyone if it will get them a sale. \n\nAbout saving the friendship I am not sure. You kind of screwed him over, using info he told you trying to help you, and snaked a deal from under him. That's not really what 20 year long friends do to each other.", "replies": [{"id": "fffwnp8", "text": "I echo this sentiment.  If it was truly a friend, I'd happily pay a referral fee.  The amount of money you're talking about is nowhere near worth a 20 year long friendship, and unless you're some sort of sociopath, you will deeply regret it later on.\n\nIf you pay him a fee, make sure the title company allocates it for you at closing because you'll get taxed on any check you write him.\n\nEdit:  Just saw that the deal already closed.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ffeyw1x", "text": "Why such the big discrepancy in fee. Was your gross fee much lower? Or are you splitting with a team? Even still, he gave you valuable info, but he also told you to tell your office to blow up the deal (assuming he didnt tell you his client would come back with another offer). This is a tough one, but if you were his best man, you should try anything to preserve a relationship.", "replies": [], "depth": 1}]