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how much does a buyers agent get paid

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August 11 2012 - Lincoln
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It varies, but generally 1/2 of commission agreed to when seller listed.  (Other half going to listing agent) There can always be extenuating circumstances, though.
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April 24 2013
Normally in Maryland an agent gets between 2.5 and 3% of the selling price.   Depending on the broker the agent works for, they usually have to pay a fee as well.  
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April 24 2013
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Bla Bla Bla.......

Agents make a HEALTHY percentage. They, on average, make more than anyone else in the transaction. There was a time Lender smade as much, but compliance has rightflly put a stop to that. They have not done the saem for Agents yet. On top of that, many charge a "Transaction Fee", "Admin Fee", and/or pass along the fee they pay per transaction to their managing broker.
Based on how many hours an agent puts into a tranaction, they make an hourly wage comparable to a DR.'s. 

They are wayyyy overpaid IMO.
 

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April 19 2013
It depends upon how active the Buyer Agent is. We are paid a "percentage" of the amount the owner of the house agreed to pay their listing agent. It's usually half but sometimes it's far less.
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April 19 2013
In Rhode Island and Massachusetts most listing companies credit a percentage towards a buyer agent fee, The percentage offered does not have to be an equal split. It's what ever the seller and listing company agrees to offer. The seller could agree to pay the listing company more then what they are offering to a buyer agent.
Most of the time this credit offered  will cover my fee that my buyer and I have agreed upon.  If it is a for sale by owner we ask the seller to pay your buyer's agent fee in the offer. Since they are saving on paying a listing agent fee I find they are more then willing to pay this, but this is negotiable too and each sale is different.

What a buyer agent charges that's negotiable between the buyer and his agent agree upon. I'm a true believer to have a written agreement with your buyer's agent explaining what they will do for you and spell out how they get compensated and how much his fee will be.

You should also discuss with your buyer's agent, what happens if their bonus for selling an in house listing or the buyer agent credit is more credit then you agreed upon. These should be explained to you in the agreement.

I agree with Marilyn Milian from the People's Court she always says, "Get it in writing. I don't care if you have to use a crayon, get it in writing. ..."

"Only representing buyers in RI & Southern MA 100% of the Time!"
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April 18 2013
Profile picture for Dunes ..
Don't think saying or implying properties won't be shown by you or most/many Realtors unless X amount (What you charge) is offered is wise either..

Suggesting those Realtors who belong to the same organization, pay the same dues and have the same Code of Ethics but do Discounts/Rebates/Fla Fee ect. are not good Realtors, not as professional is Bush League BS imo
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August 11 2012
Profile picture for Dunes ..
I think "Standard" is a very poor choice of words nor do I think posting specific numbers 3%..6% as normal or usual is wise and if anyone wishes to check NARs list of words not to use..dangerous to use when mentioning, talking or writing about Commissions you'll find "Standard"




QUIZ: ANTITRUST..RealtorMag/Realtor.org

"Avoiding Antitrust Risk: 6 Prevention Tips"..Realtor.org

#2 Tip...Never use the word "standard" or "prevailing" to describe your fees and services.

NAR
"A little competition is a good thing, right?
Learn why awareness of antitrust issues is important for real estate professionals, along with information on avoiding antitrust problems. This field guide provides guidance for brokers and associations, articles and books about this essential legal issue and updates on the Department of Justice case against NAR."..NAR Library/Realtor.org

Just sayin...wouldn't think Realtors would want someone to report a suspected antitrust trend violation by a significant number of "REALTORS" on RE sites...

Members of NAR..what would the DOJ see if they did look closely at Blogs/Forums ect.?.

DOJ..contact us
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August 11 2012
Like all aspects of a sale, the commission is negotiable. An agent that cannot negotiate his/her worth in good payment, is not going to be able to negotiate for the client either. Do not forget that out of each sale there are a number of fees and transcation expenses that vary from at least 50% of the split of the commission depending on the brokerage. Plus taxes and all other expenses of running a business. One more thing, agents are one of the few that can work a lot , hard, efficiently and end up with 0 for payment. If you pay a low commission, do not expect your agent to expend a lot of money on promoting your property. Selling a property is much more than taking photos, planting a sign an list on the MLS. To do just these functions, there are licenses, mls fees and many other expenses. Is not as great as some think,but we do make a living of the commission just like loan officer, financial investors and many more. I have yet too find too many persons that given the same circunstances will choose the lower paying job. Well agents are the same. If you buy a product from ebay you will save money but take a risk on what you get. If you go to a quality reputable business, you are going to pay for it.
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August 11 2012
The amount that a buyer agent a paid varies from transaction to transaction. To answer your question the standard amount is 3% of the sales price in North Carolina which is paid by the seller. After the 3% has been deducted then an agent maybe required to paid transaction fees to their brokerage out of the 3%.  
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August 11 2012
The answer that no one wants to talk about is buyer rebates. A change in New Jersey Real Estate law now allows buyer rebates under certain conditions. If you would like to find out how to get a buyer rebate please contact me. This week I am due to close on a sale where the buyer is getting a $12,000 rebate. Each rebate has different criteria.
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August 11 2012
This fee varies by the type of property and also by the broker. For example the commission percentage on a 1 million dollar listing may be smaller than that of a building lot. This is really determined by the brokerage and also can be negotiated by the seller. Keep in mind that a buyer's agent is taking a percentage (in my area usually half) of the total sales commission.

In general is it up to the seller to negotiate the commission on the sale and the buyer's agent then splits that with the seller's agent.
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August 11 2012
Ok, the agents on here have not actually told you the whole story. Either they do not understand the buyers agency agreement or just choose to ignore the parts that are not advantageous to the buyer.

Let me begin be saying I'm a big fan of the buyer agency agreement in that it changes the legal standard by which all real estate agents in effect work for the seller of a property. With a buyer agency agreement your agent works for "You". Now for the rest of the story, in a buyers agency agreement you the buyer are stating how much you agree to pay the agent for finding you a home in which to purchase. This should be crossed out and instead the working your buyers Agent will be compensated by whatever the MLS listing agreement states. 
Now as for other agency fees, these may be called admin fees or some other name, This is a fee that the individual agency charges to the agent upon a sale. The commission is split between the agent and his/her brokerage firm the split could be anywhere from 10%/90% to 50/50 every agent and real estate company works differently. If you do not agree to pay it then it comes out of the agents commission.

This is really a judgement call on your part, suppose you buy a home for $150,000 and the gross commission is $4,500 with 50% going to the agent $2,250.  remember now agents are indepdent business people so they only must pay  double into the social security pool and alos have other expenses. In this scenario If I were a buyer and there was an agency fee of say $350 it would be justified to pay. Now on the othe rhand if the sales price of the home were $450,000 then that 3% commission would be $$13,500 and  I would not agree to pay it. Just my thoughts
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August 11 2012
Profile picture for Dunes ..
The Seller pays the Listing and Buyers Agent from the money you pay them...you decide who's getting what for Free
IMO Free for the buyer is nothing but a BS Sales pitch

Administration Fee...Don't believe most Agencies charge one ..some do but not most and imo consumers should avoid the ones that do

You should read the Information on the Department Of Justice
Anti-Trust Division Web Site about all the options Consumers actually have

For example.....Rhode Island
1. Allows choice of brokerage services
2. Allows brokers to offer rebates to consumers
What are the laws in your state?

Competing models of real estate brokerage

Consumers can save thousands of dollars in commissions
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August 11 2012
As a general rule it costs nothing to work with a buyers agent.  The buyers agent is paid by the seller but they still watch out for your best interest.

The only thing it might cost you is an administration fee.  Almost all of the Brokers have this cost.  The beauty is.....you can ask the seller to pay that fee also!!!
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August 11 2012
There is no fixed rate, please read <The Sherman Anti Trust Act>
Generally speaking the buyer's agent is paid by the seller and the seller has worked out how much they would like to offer the buyer. That amount is generally printed on the Multiple Listing page. Hope that helps
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August 11 2012
The buyers agent will get paid by the seller of the home you are purchasing.  The amount varies depending upon the commission rate negotiated between the seller and the listing agent. 
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August 11 2012
 
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