New to downtown life? Have questions? Urban living expert, come share your thoughts.
- New York Life
- Posts: 465
- Joined: Wed Dec 13, 2006 9:46 pm
- Location: Somewhere Over the Rainbow
Beermo wrote:don't know if it's common or not, but i didn't pay the one i used anything. he split the commish with the broker. i have heard that is the norm, but don't actually know if it's true.
I thought that was how it's always been done too. Anytime i've bought a house, i've gone the buyer's agent route, and my experience was the same as yours- I didn't have to pay anything either; they split the commission.
- Strip mall
- Posts: 273
- Joined: Sat Aug 25, 2007 3:15 pm
- Location: Downtown
Most brokerage firms charge their agents a transaction fee (in addition to many other fees). In my experience, this is usually in the mid $300s. Some agents pass this along to their clients, whether by their own choice or because it's required to be passed along by their brokerage.
Everyone wants their income and the brokerage is no different. If you ask your agent to waive this fee, your agent is the one that will have to pay it instead. And for some agents who have to give a big chunk of their commission to their brokerage already, this can be a big dent in their paycheck. Talk to your agent about it if it concerns you. I usually don't make my buyers pay the fee, but I had a client once offer to pay half of it for me. I thought that was pretty cool.
- Parking Garage
- Posts: 3
- Joined: Sat Jun 07, 2008 12:32 pm
I would be more than happy to talk to anyone one on one with any of your real estate questions. I have been in the business for 7 years and 3 of them just doing urban condos and lofts.
jessicawalker.cbkc.com Urban Living Center