Profile picture for user371374

What does the question "will you work with a buyer's agent mean"? Pay the 3% comm?

Does the question imply that as the seller I agree to pay the buyer's agent the customery 3% commission if I answer yes?
  • September 15 2012 - US
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Answers (14)

Best Answer

Profile picture for DJR109
You are correct, if you are selling by owner you agree to pay a 3% commission of the sales price to an agent's brokerage if he or she procures the buyer. They will represent the buyer and you will represent yourself in the transaction.
  • September 15 2012
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Profile picture for Dunes ..
Yikes!

The OP said they were the Seller

Dunes
exitwithGood Neighbor Policy@No spam or self-promotion!
  • September 18 2012
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Working with a Buyers Agent means that the Agent will be representing you and not the Sellers. It can be for Sale by Owner or with a Listing Agent. A Buyers Agent is an agent who is engaged by a buyer to represent the Buyers interests, not the Sellers. The buyers agent will negotiate on your behalf and will provide loyalty at all times, confidentiality, and full disclosure, obedience and deal honestly. This is the person you want on your side at all time.

Millie Valentin
Certified Buyer Representative
Exit Realty Search
[Contact information removed by Zillow moderator. Please see our Good Neighbor Policy.]
  • September 18 2012
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The benefit of marking yes, is that if an agent has a buyer who might be interested, they will call and discuss the issue with you. The drawback to saying no is many agents will believe you won't work with them, and will keep their buyers away.

The problem with adding a commission on to what you are already asking is the question of will the house appraise for enough. Do nearby comparable sales support your price plus an additional amount to pay an agent?
  • September 18 2012
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You are agreeing to pay the buyers agent a commission. That percentage is up to you, but by paying a buyers agent you will gain more exposure to your listing without having to pay a listing agent.
  • September 18 2012
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An agents commission is always negotiable. Most of the time the buyer has signed a buyers agency agreement, which is to see that the agent gets paid for educating the buyer.  In most cases, the seller is willing to pay the fee for the buyer agent to help bring a good buyer to the table.  If a seller has not sold their home, maybe the seller should consider paying the fee.
  
  • September 17 2012
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Profile picture for Gabilan Properties
How can the wrong answer be the best answer? Dan has it half right, but only that you are willing to discuss the possibility of a selling agent commission.

All commissions are negotiable, always have been, always will be.

The seller has the right to not agree to work with agents and effectively limiting his buyers pool by doing so.
  • September 17 2012
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Profile picture for user371374
Thanks for the answer - I will be selecting "No" as the answer to the question in the application. If the buyer wishes to pay the commission to the agent that amount can be included in their bid.
  • September 17 2012
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Profile picture for Dunes ..
It means just what it says..Will work with (Talk to)

Doesn't mean you'll pay X%.....means you'll talk to them and will negotiate a Fee or % YOU agree to pay if things work out
You're not obligated to pay any specific commission or fee
  • September 15 2012
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Thanks for posting your question on Zillow.com!

Nope, that does not mean that.  Depending on what price range your home is in is what will determine the suggested BAC.  Get it in writing & executed by ALL parties.

Good luck, hope we were able to help!
  • September 15 2012
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An agents commission is always negotiable between the agent and the client/customer. Most of the time the buyer signs a buyers agency agreement with an agent that has the negotiated commission. In the case of the seller or sellers agent not compensating the full negotiated commission between the buyer and agent then the buyer is responsible for the remainder of negotiated commission.
  • September 15 2012
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Profile picture for DJR109
SoCal_Engr is correct, 3% is customary but you it can be negotiated to whatever you feel is appropriate based upon your circumstances and the price of the sale.
  • September 15 2012
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Profile picture for wetdawgs
There is no set commission rate.  Agents who believe otherwise need to do some research.

It does tend to be useful if the seller who agrees to work with buyers agents puts down what their expectations are.    Be realistic.  If you are expecting the buyer's agent to write all the contracts etc, then 3% may be reasonable.   If you have your lawyer working on contracts and you are not asking the buyer's agent to do the seller's work also, then a lower percentage may be reasonable.

  • September 15 2012
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Profile picture for SoCal Engr

"No"...and "yes". It means that you are willing to offer a buyer's REA a commission. The amount is up to you, it is not a set percentage (no matter what anyone says).

  • September 15 2012
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