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Find out why I am in the top 50 Re/Max Agents in the United States. I specialize in Short Sales and Foreclosures. Call me 925-242-8971.
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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"I highly recommend Jason to everyone!" Your dedication to following-up with me throughout the entire sale eased my apprehension and made the whole mystery of "selling a home" almost easy! Mara K. Violanti Read Quote > View All Quotes >
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Agency >Who Pays the Commission
Does it cost the homebuyer more to be represented by a buyer's agent who serves their interests exclusively? No, because the listing agent splits the sales commission, which is customarily paid by the seller of the home, with the buyer's agent. The sales commission split is usually 50-50, but the listing agent and buyer's agent will sometimes make another agreement and split the commission unequally.
There is one very unusual circumstance in which the homebuyer might pay a commission to their buyer's agent. The real estate agent might show the buyer a local "for sale by owner" (FSBO) home which the client decides to purchase. In most cases, the FSBO seller who is presented with a qualified buyer is glad to pay the buyer's agent a reduced fee of about 3 percent, or half of a normal sales commission. But the FSBO seller could stubbornly refuse to pay the buyer's agent any commission whatsoever. In that case, the buyer's agent would legitimately expect the buyer to pay the sales commission, in fair exchange for the agent finding the FSBO home and negotiating a successful transaction.
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| Q |
Where is the world's largest dome?
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| A |
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana. |
See More Real Estate Trivia > |
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