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how much is the real state percent from buying a home ?

i buy a home at 550,000 how much my realstate will get as percent ?
  • September 17 2012 - Orange
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Answers (5)

Commissions are negotiable and the average range is 2-3% of the purchase price (for a buyer agent).
  • September 17 2012
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You've heard the addage...'you get what you pay for'.  You are paying for experience, negotiating skills.   A 'set' fee is a violation of RESPA.  Brokers elect to accept a certain fee based on the price range, the ratio accuracy of the listing price to the market value, etc.  If the broker cannot negotiate the fee that he/she has elected to accept, how effective would he/she be in negotiating your purchase or sale price?  Brokers who drop below their standards, may not be brokers who are in demand for their services.  Best that you dont try to go by a 'rule of thumb', but interview brokers. If you are quoted a fee, sight unseen...are you now seeing possible questions?

  • September 17 2012
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As a buyer, you will oftentimes not pay a commission to the agent that represents you. The seller negotiates with his/her agent to list the home at a certain percentage. The listing agent then agrees to split this commission with the agent that brings the buyer. Unless you decide on a house being sold by a For Sale By Owner who refuses to pay the commission to the agent that represents the buyer, you shouldn't have to pay a commission.
  • September 17 2012
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Yes, the buyer typically does not pay the commission - the seller will pay the buyer's agent commission. 
  • September 17 2012
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I can only speak for my office, we don't charge for buyers, our fees are paid by the seller or landlord.
  • May 19 2013
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