Do I pay a real estate agent, if I’m the buyer? The great news is No you don’t have to pay the real estate agent when you are buying a home. You can receive representation without it costing you a dollar.
How does a buyer’s agent get paid? A buyer’s agent is paid by the listing agent’s broker. The listing agreement establishes the total compensation to be paid by the sellers to the listing agent’s broker. The listing agreement also states the percentage of the sales price, the listing broker is going to pay the other broker. The other broker being the broker of the buyer’s agent. The sellers pay for their own real estate agent and the buyers real estate agent. The real estate agents and their brokers get paid after the property is sold, closed, and funded.
How much does a buyer’s agent get paid? The industry average commission for a buyers agent broker to get paid is 2% to 3% of the sales price. How much of the 2% to 3% will your real estate agent receive. It depends upon the commission structure agreed to between your agent and your agent’s broker. The compensation to be paid to the buyer’s agent’s broker is stated in our Houston multiple listing service (MLS).
Free representation is great for buyers. Now as you can imagine, the sellers aren’t excited about paying for their real estate agent AND your real estate agent. But this is how a buyers agent gets paid.
I would love to have the opportunity to represent you on the purchase of your next home. As a master certified negotiation expert, I’ve acquired the negotiating skills to secure the best terms and price for you. Text or call me @ 281.804.8626.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less