Directly related to work put in: Pay per show + Per inspection + Fixed per offer + Fixed for closing
Fixed dollar amount
Percentage based on home price.
$0: Best to go unrepresented.
Remember, if you choose to go unrepresented to save on buyer’s agent commission under the new rule, the listing agent may be collecting a higher-than-normal commission for working with an unrepresented buyer. You can and should ask the listing agent how much commission they are receiving and whether there is any variable commission. You may encounter some resistance. If they don’t provide this information, ask their broker in writing, and report their refusal to disclose or lack of response to your local chapter of the National Association of Realtors (NAR).
Variable commissions are a material fact that will influence the seller’s decision. If they exist, agents should disclose them to unrepresented buyers, who can then decide whether to remain unrepresented or seek representation—potentially even under more favorable terms than the variable commission offered to the listing agent. You may be able to find a buyer’s agent after seeing the home, who will write the offer for you for a fixed price.
Additionally, if commission rebates are legal in your state, you can still make offers with 2.5% or 3%—whatever is the typical commission for a buyer’s agent in your area—and in your representation agreement with them, ask them to rebate it to you.
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Two days ago you were asking about high design homes and how to sell them. I practiced how to explain this in between feeding my baby bottles.
Today you want to know what’s fair to pay the lowest bidding agent.
You’ll get what you pay for in this logic, and either have to fight for the agent’s attention, or get the kind of quality service that isn’t in demand.
You’re not paying me for what I do, you’re paying me to do it around your schedule, your expectations, and your standard of quality service (which based on your previous posts, is much higher than you think it is). You’re paying me to not sign on too many clients. More clients I have, the less flexible and attentive I can be.
Good luck.
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Your response to that question was very helpful. I am not in favor of paying the lowest amount. Infact I have paid an agent who found me a fixer upper on the buy side 5% . It was on MLS but in a rea I generally do not look and was listed as if no work was needed. He negotiated hard for me and gave me a lots of value and made 5% commission instead of 2.5% which seller paid and I paid additional 2.5% at closing. I am favor of paying for max value add.
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I have my agent license and would be ecstatic to see a pay as you go method. Pay me upfront for every showing, contract offer, and closing.
I’m fine without a commission and would prefer the upfront money. If you as a buyer tank a deal, that’s on you. Same for the seller.
Less likely to be on BS when you have cash already paid in the game
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Yes I think its better for buyer agents too. Pay per showing has to come in. And buyers will then try to go to open houses, so less work and tire kickers for buyers agents. Less work will mean less commissions and finally list agents will then have to do open houses. Many now take a listing and practically thier work ends there they dump the paperwork and most transactional responsibilities on the buyer agent knowing well that they get paid now, who ever buys.
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It depends on Whatever both parties negotiate