How do you get paid?
Buyer's Advisors gets paid the same way traditional real estate agents get paid.
When you purchase a property with our help, the real estate commission:
is paid at the closing on your new home,
is always included in the asking price for a listed property,
the total real estate commission averages between 5% and 6%. For example, when a
Buyer purchases a condo for $400,000, 5% (or $20,000) of the purchase price is the real estate commission
and is shared between the Agent for the Seller and the Agent for the Buyer,
is paid at closing
(typically 50% to the real estate office that lists the property and works for the Seller, and 50% to the real estate office that brings and represents the
is paid from the
proceeds of the transaction by the Buyers' Attorney. Basically, the
Buyer brings the total purchase price to the closing table made up of their
down payment plus their mortgage. Among other things done at
Closing, the Buyers' Attorney writes out (and deducts) the real estate
commission checks from the total purchase price before turning the remainder of the proceeds over to the Seller.
is a negotiable percentage
determined between the Seller and their Listing Agent at the time of Listing. That is why it averages between 5% - 6%. It can be more or less.
is only 3% for a property we help you buy which is a "For Sale By Owner" property (a property which is not listed by any real estate agency and is sold directly by the Seller or Builder to you).
You pay the same total real estate commission using an agent who does not work for you as you pay if we help you purchase the same property. However, the big difference is that, as your
Buyer’s Agent, we work only for your best interests. We never work for the Seller or a Builder against our client.
If we are able to negotiate the best price, terms and conditions for you, as well as help you find the favorable financing rates, terms, and closing fees, you may actually pay less working with us.
Frequently Asked Questions: