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What a reasonable buyers agent commission?
What's a reasonable buyers agent commission? I talked to an agent that said I need to sign a contract and agree to his commission. It seems high, so I'm wondering what's normal.
Asked By Daniel | San Diego, CA | 126 views | Buying | 2 months ago
Answer(2)
Julianne Clark / Your Lowcountry Realtor
Charter One Realty
The real estate industry has gone through some radical changes in the last few months that stemmed from many lawsuits about commission disclosures. What has happened is that the Buyers agent compensation is no longer paid by the Seller of the property that you wish to purchase. There are still ways to ask for your agents fees to be covered (all or partly) by the Seller. If the Seller is unwilling or unable to cover your agents compensation -- you would be responsible for the remaining amount. Your agent should be able to explain this better to you and what their Brokerages fee is for a Buyers agent representation. This amount also can vary from agent to agent and Brokerage to Brokerage and state to state.
- 2 months ago
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Rachel Englehart
Main Street Realty Inc
This is a Great Question! Your Buyer Agent is invaluable on so many levels. Recently NAR changed the laws Nationally. All Realtors must have a signed agreement, in order to chow homes to buyers. It is actually best to discuss this directly with your Agent. Have them explain your contract in detail to you. Several Sellers are still offering a Buyer Agent Commission. Personally, I cannot advise you on a reasonable commission amount, as every client has different needs.
- 2 months ago
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