Typically the buyer's agent gets paid by the listing agent. The listing agent charges the seller a certain % to market the home. Part of that % is shared with the agent that has the buyer. Occassionally, the listing agent sells it themselves - but more often, an agent that is working with a buyer will show the house and, if the buyer likes it, will help the buyer write the contract which can lead to selling the listing. If you are working with a buyers agent and you find a for sale by owner, everyone may need to negotiate so the agent gets paid but most homes are in the Multiple Listing Service and offer the buyer's agent pay right in the listing.
The fee that is paid to the listing agent can range is is always negotiated between the seller and listing agent. If you have any more quesitons, feel free to contact me! Lori
I have never seen a realtor imitate a mad bull and just charge...
The realtors commission (yes they get one) comes out of the sellers pockets.
The buyer gets the help for nothing out of their pocket. (A big help when you already spent so much for closing)
If you use a realtor on a for sale by owner property you could end up paying the commission yourself.
No one works for free but normally, (as the other agents mentioned), the seller is the one who pays the listing agent and buyer's agent at closing. Although not all for sale by owners will cooperate with a buyer's agent, in THIS market, I have not met one yet that will not pay a normal buyer brokerage fee at closing if it is a reasonable offer. Sellers are thankful for a sold sign, as it is still largely a buyer's market, so they will make concessions to get an offer that they would not normally make in a different economic climate. It is to your benefit to have a professional guide you through the process and help you find the perfect home that will match your needs. You will save time and energy and as it is probably one of the biggest investments you will make it is best to do it wisely and not risk making an uneducated purchase. Let me know what areas you are interested in and I would be glad to help you get started!
Prudential Towne Realty