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Buyer Broker Real Estate Services: Commissions
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| We are compensated as any other Realtor and paid through the proceeds of the sale. Customarily, fees for real estate brokerage have been “built in” to the purchase price of the property. |
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| The question is this: do you want to pay to have someone work FOR you or AGAINST you? |
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| When a home sells, half of the commission is paid to the real estate company that brings in the Buyer and the other half is kept by the real estate company listing the property for sale, representing the Seller. |
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| But when the real estate company who lists the property also brings in the Buyer, that real estate company keeps both the sides of the commission. As Exclusive Buyer’s Agents, we see this as a conflict of interest. With one real estate company is managing both sides of the transactions, how can both sides be fairly represented? Further more, they are being paid twice for one in-house transaction. |
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| When representing you in a For Sale by Owner purchase, the owner of the home is told that our 3% commission will be included in the Offer price. |
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| Now, you may be thinking the higher the price you pay for the home, the higher our commission will be, so how does this work? We have a fiduciary responsibility to get the home at the best price for you, not the highest commission for ourselves. |
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