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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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What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
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Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
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Dee Shoals, ABR, GRI Prudential CT Realty 101 Old Ridgfield Rd Wilton, CT 06897 Cell: 203-984-0605 Fax: 203-762-5073 deeshoalsrealestate@NUMBER1EXPERT.com
I have 17 plus years of experience working with Sellers and Buyers in Southern Fairfield County. My listings and sales include the towns of WILTON, WESTON, REDDING, RIDGEFIELD, NORWALK AND NEW CANAAN. My accreditation includes : Fine Home Specialist - Prudential Division of Fine Homes International and Unique Homes; Antique and Vintage Property Specialist; Prudential President's Circle, Leading Edge and Honor Society Awards - This represents the top 9% of all nationwide Prudential Realtors; Relocation certified with Prudential Connecticut Realty; dba Staging by Design; Licensed Interior Designer; Kitchen and Bath Designer.
Sellers please do not hesitate to contact me for a FREE price opinion and comparative market analysis of your home, for FREE advice on preparing your home for Real Estate Marketing, for FREE literature about the Real Estate Market in your town. BUYERS do not hesitate to contact me for assistance in finding a home in this area or for a referral to another experienced Prudential agent in other towns, for information regarding my listings as well as any other listings on the Multiple Listing System, for FREE literature about any of the listed towns-as well as maps and information about the Real Estate purchase process in Fairfield County. Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc. 


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