Confused about how money changes hands during real estate transactions? This post breaks it down for you and explains how agents get paid.
Here’s the story:
A Seller hires a Broker to sell their property. The Seller pays a commission to their selling Broker, typically a percentage of the purchase price. Agents (Like me) work with these Brokers and get paid from the brokerage.
From that commission, the selling Broker pays (Typically 1/2 of the full commission) to the Buyer’s Agency for their servicing of the buyer’s interest.
The result, happy buyers & sellers and agents that can get paid when they are good at servicing their client’s best interest.
- As a Seller, you’ll pay us fairly to sell your home, and we will net you more money than selling by yourself. However, we’ll do the work and bring the knowledge and expertise. Also know that approximately 1⁄2 of your commission will be used to pay Buyer’s Broker & Agents to bring their best & strongest buyers to purchase your home. Ultimately getting you the most money for your home while saving you all the headaches!
- As a Buyer, that means you can hire me at NO cost to fully and legally work in your best interest! You get all aspects of expertise, knowledge, time, effort, resources etc. working for you. This is the best deal ever!
Have more specific financial questions regarding real estate? Please reach out — I am happy to help!
