Who pays the Buyer’s Agent?
Both seller’s agent fees and buyer agent’s fees are part of a normal real estate transaction and are included in the final negotiated purchase price of the property. There should be no additional fees to the buyer for a buyer’s agent above and beyond the negotiated purchase price of a home unless agreed upon between the buyer and agent before an offer is made.
In most cases, the seller’s agent pays the buyer’s agent for bringing the buyer, negotiating the purchase price and terms, writing a legally correct offer, coordinating inspections, responses, and financing plus handling numerous additional details on the buyer’s side of the transaction.
Buyers should avoid contacting seller’s agents and sellers directly unless they are comfortable negotiating and representing themselves. That is why it is important for buyers to choose their agents BEFORE they begin looking at homes or as soon as possible if they have begun looking.
To preserve the ability for a buyer’s agent to be paid by the seller’s agent or the seller, it is important for a buyer to work through the buyer’s agent to coordinate their home search, make appointments and research properties.
To learn more about the pros and cons of various types of buyer agents, or to get a list of experienced local buyer’s agents to interview without obligation, click the button below.
Selecting the Right Homebuyer's agent
Unlike most other real estate agents, a MABA home buyer's broker never represents both a buyer and seller in the same transaction so you never have to worry whether a MABA agent is really looking out for your best financial interests. A MABA buyer's agent acts as your advocate, real estate educator, advisor and negotiator, always loyal to you and dedicated to getting you the best home at the best price.
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