Wednesday, October 23, 2024

How Does a Buyer’s Agent Get Paid? Here’s What You Need to Know!

 



I wanted to take a moment to explain how compensation works when you have a buyer’s agent representing you in your home search. Knowing these details can make the process smoother and more transparent!

Before a REALTOR® can show you any homes, you and the agent will need to sign a buyer’s agreement. This agreement outlines the services that will be provided, and it also confirms how much compensation the REALTOR® will receive once the deal is done. The amount paid to the buyer’s agent is negotiable, and it can come from several different sources:

  1. The Seller
  2. The Listing Broker
  3. The Buyer
  4. Or a combination of these parties


When I act as your buyer’s agent, I always do my best to ensure my commission comes from the seller or listing broker. On the rare occasion that you, as the buyer, may be responsible for any portion of my commission, I will make sure you know the exact amount before you sign the home purchase contract. No surprises! 😊

If you have any questions or need more clarification, I’m here to help!

Let’s make your home search easy, transparent, and stress-free. Ready to start? Let’s chat!


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