Who pays buyer's agent commission for new construction?

Asked by Amy Sherman, Brooklyn, NY Thu Mar 28, 2013

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John Jourden’s answer
John Jourden, Agent, New York, NY
Fri Mar 29, 2013
Hello Amy

The Developer has their own internal Sales Force and are contracted to pay a commission (let's say 6%) for the sale of any of their units. The Sales Force will then entice a Buyer's Agent to bring Clients to the table and split the commission (3%/3%). However, they may even sweeten the pot and provide a higher commission (4%) for a Buyer's Agent to entice us to really sell their product.

Rarely, if ever, will a Developer NOT pay the Buyer's Agent commission.

Please do not hesitate to contact me as I work almost exclusively as a Buyer's Agent if you're still interviewing Agents for your home search.

John Jourden
REBNY Member
Licensed RE Salesperson
The Spire Group
0 votes
Dmitriy Pagul, Agent, Brooklyn, NY
Fri Mar 29, 2013
Could be developer or buyer, or both.

Dmitriy Pagul REALTOR®
Golden Apple Realty Inc
Golden Real Estate Staging & Services
Brooklyn, NY 11235
0 votes
Luke Constan…, Agent, Brooklyn, NY
Thu Mar 28, 2013
Hello Amy,

Usually the developer.

Luke Constantino
Keller Williams
(212) 300-3919
0 votes
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