Welcome to the official Blog of BuyOwner.com

BuyOwner.com buy sell trade rent

  • Home
  • About BuyOwner.com
  • Popular Posts

Posts tagged listing agent

Understanding Real Estate Commission

Aug31
2009
Leave a Comment Written by Carrie

couplequestion

With Buy Owner, you pay NO commissions. Period. But if you wonder what this means exactly, we’re here to help. Understanding real estate commission can be a bit confusing and may warrant a lot of questions. When do you pay? Who do you pay? Who pays: the seller or the buyer? While commission rates vary, depending upon how many real estate agents are involved, the sale price of the house and other negotiations, here is a general explanation as to how commission works.

When do you have to pay a commission?

If you sell your home using the help of a real estate listing agent, you may have to pay commission. The agent works for a brokerage that has the exclusive right to market your home, thereby attracting buyers and requiring a commission for all of his/her hard work.

If you use a real estate selling agent to help you buy a home, you will most likely pay commission. Why? The agent is doing the legwork for you, finding potential homes for you, bringing you to them and showing you the ins and outs of each of them. Also, the commission is almost always worked into the sale price of the house.
With Buy Owner, whether you are buying or selling, there is no commission, ever!

Who pays: the seller or the buyer?

Sellers will only pay the commission if they sign an agreement with the brokerage and the selling agent, stating they will do so. Sellers tend to do this as part of an incentive to sell the house quickly. However, the buyer usually pays the commission, as it is typically represented as part of the sales price.
By buying/selling Buy Owner, you won’t have to pay commission, ever!

Who do you pay?

Remember, there are two different agents at work here: the listing agent (for the seller) and the selling agent (for the buyer). However, you don’t pay the agents directly, since they work for a broker. All fees go through the broker to be split between the two agents. While the split may be equal at times, the market also plays a factor in the amount of commission each agent receives. For example, in a buyer’s market, the selling agent will receive a bigger commission than the listing agent. However, this is not under your control. You just pay the brokerage and enjoy your new house.
With Buy Owner, you don’t have to pay a broker commission at all, ever!

Posted in Selling Tips, Tips and Ideas - Tagged broker, brokerage, buyer, real estate commission, seller, selling agent
SHARE THIS Twitter Facebook Delicious StumbleUpon E-mail

About the BuyOwner.com Blog

Welcome to the BuyOwner.com Blog, your source for regularly updated market information!

Founded in 1984, BuyOwner.comĀ® is the leading provider of real estate marketing services. We pioneered the "For Sale by Owner" (FSBO) market, which today represents over 20 percent of all residential real estate transactions.

You can read more about BuyOwner.com here.

Article Archives

Buy Owner Links

  • BuyOwner.com on Facebook
  • BuyOwner.com Testimonials
  • BuyOwner.com Website
  • Twitter: Buy Owner

Blog Roll

Real Estate Top Blogs Real Estate Blogs - BlogCatalog Blog Directory Add to Technorati Favorites Find the best blogs at Blogs.com. Blog Directory Home Improvement Blog Directory

Subscribe

Enter your email address:

Delivered by FeedBurner

Tags

31 reasons to sell with buy owner adding value to your home buying a home buying a house buy owner Buy Owner experience curb appeal decorating eco-friendly eco-friendly tips environment florida fsbo Green Living holiday home decorating Home Improvement home improvements home ownership home selling how to sell your home interior decorating interior design kitchen Market News moving real estate real estate market real estate selling real estate tips Regional Info selling selling a home selling a house selling Buy Owner selling by owner selling for sale by owner selling fsbo Selling Tips selling with buy owner selling your home spring staging using buy owner winter

EvoLve theme by Blogatize  •  Powered by WordPress BuyOwner.com Blog
Tips and info for people selling & buying their homes "Buy Owner"