As a Buyer’s Agent
First, no matter how I am paid, the buyer’s agent is working on behalf of the buyer, period. Not the seller, no matter who pays. All information the buyer shares with their agent is confidential. You will receive great advice and tons of information by hiring me.
- The seller can offer compensation to the buyer’s realtor.
- The buyer can pay compensation to their realtor.
- The compensation could be paid by the buyer AND the seller, and fee doesn’t have to be split 50/50.
This is explained further in the required Buyer Broker Agreement, and is a separate document that will be reviewed and signed before starting our full services.
As a Seller Agent
First, the seller’s agent is working on behalf of the seller. All information the seller shares with their agent is confidential. The seller/agent contract, called a Listing Agreement, spells out services to the seller and compensation to the agent. You will also receive great service and tons of information.
Compensation works much like before the NAR (National Association of REATORS) Settlement. The seller and seller’s agent come to an agreement about the agent’s compensation and discuss the services that will be provided. This fee is only for the listing side of the transaction. Then the seller and agent will discuss if, and how much, the seller might like to offer a buyer’s realtor. This could be any amount. When an purchase offer is presented to the seller, it will usually include the paperwork for compensation for the buyer’s realtor.
This is explained further in the required Listing Agreement, and is a separate document that will be reviewed and signed before starting our full services.
Note:
The purpose of all the paperwork is to be as transparent to all parties regarding compensation as much as possible.
*All compensation is paid to the Broker’s Real Estate Company, then the broker’s company will pay the agent. It is illegal for an agent to receive any compensation, of any sort, outside of the broker co/agent relationship.