April 19, 2006

How We Get Paid

Consumer advocates strongly recommend that buyers hire their own agents. They further argue that a coop-fee has already been built-in to the purchase price, and therefore, there is no need for the buyer or seller to incur additional fees when the cooperating agent represents the buyer.

 
Why would a Buyer Agent want to negotiate a lower price for the Buyers?  Won't that reduce your commission?

 
The way a Multiple Listing Realtor Co-Broke normally works is that on a 5% commission* (*used as an example rate only), 2.5% would go to the Listing Agency and 2.5% to the Buyer Agency on behalf of the Homebuyers. The commission is then split again 50/50 between Buyer Agency and the Buyer Agent.

 
Thus for every $1,000 that we reduce the sales price for you, your Buyer Agent's commission will only be reduced by $12.50. It is our job to make sure that you are an extremely happy, fully educated Real Estate consumer.

 

We exclusively represent buyers of real estate, homes and condominiums in Daytona Beach, Ormond Beach, Port Orange and Surrounding Areas. To begin searching for Daytona Beach real estate, simply click the "Search for Daytona Real Estate" link at the top or bottom of this page.

Like This Article? Please Tell Others About It:

Print
Copyright © 2006-  The Buyer's Agent of East Florida - Karen Wiles - All Rights Reserved