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In my area there are good agents who will do it for 2-3%. I used such an agent as a buyer for a 2% rebate. He knows the area well because he does a lot of vol
by amalag 14y ago
In my area there are good agents who will do it for 2-3%. I used such an agent as a buyer for a 2% rebate. He knows the area well because he does a lot of volume as you can imagine. Some states do not allow the broker rebates though.
- quesera 14y agoAnd fwiw, the percentage is at the seller's discretion, and the selling agent decides how to share it with the buyers agent (generally with agreement from the seller). Both agents split the commission with their agency, so by the time it all percolates out, the agents get between 1 and 1.5% of the sale price. With that income, they pay for their local association membership, marketing, etc. On some transactions, they do well for their time and money invested. On others, they do not. Picky buyers will starve any agent. Seems like it'd be a smart move to only represent sellers.