Comments on: Buyer Agent Commissions - Nothing Worth Getting is Free http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/ Central Connecticut Real estate news, advice and opinion combined with pet friendly resources and help for homeless pets by REMAX agent Jessica Beganski. Fri, 12 Mar 2010 06:09:34 +0000 http://wordpress.org/?v=2.3 By: berealct http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-134 berealct Fri, 09 Mar 2007 15:21:38 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-134 I know what you make - I'm an exclusive buyer's agent. I know how hard agents work but the comment was only for those people who have located a property and want an agent to write up the offer and help them go to closing. On a $250,000 house, the median in CT, a 3% commission would be $7500. The time has come for agents to be flexible with their commissions because other business models are out there succeeding and competing. I can't justify charging a client $7500 when they looked at one property and charging a client $7500 who looked at 50 houses. I know what you make - I’m an exclusive buyer’s agent.

I know how hard agents work but the comment was only for those people who have located a property and want an agent to write up the offer and help them go to closing. On a $250,000 house, the median in CT, a 3% commission would be $7500.

The time has come for agents to be flexible with their commissions because other business models are out there succeeding and competing.

I can’t justify charging a client $7500 when they looked at one property and charging a client $7500 who looked at 50 houses.

]]> By: Carolyn http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-133 Carolyn Fri, 09 Mar 2007 14:25:12 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-133 Regarding negotiating a commission with the buyers agent if they have only looked at one house is very narrow compared to what a buyers agent really does. I work on the internet all day long (dinner & nites & weekends) with clients reviewing properties with their criteria etc, most of the time what a client is looking for isn't what they buy. Once a home is chosen then the work begins. If it makes it to the closing table the percentage is paid to the company, then divided by the company & buyers agent. (really It is the company that would negotiate the commission) Being an independant contractor I am responsible for my taxes, insurance, GAS etc. How much do you think we really make? Regarding negotiating a commission with the buyers agent if they have only looked at one house is very narrow compared to what a buyers agent really does. I work on the internet all day long (dinner & nites & weekends) with clients reviewing properties with their criteria etc, most of the time what a client is looking for isn’t what they buy. Once a home is chosen then the work begins. If it makes it to the closing table the percentage is paid to the company, then divided by the company & buyers agent. (really It is the company that would negotiate the commission) Being an independant contractor I am responsible for my taxes, insurance, GAS etc. How much do you think we really make?

]]> By: berealct http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-137 berealct Tue, 20 Feb 2007 19:09:17 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-137 That's a great question. I think that looking at 100 homes is just a risk I take. If I haven't properly prepared or pre-screened the buyers, then having a client look at that many homes is partially my responsibility. That’s a great question. I think that looking at 100 homes is just a risk I take. If I haven’t properly prepared or pre-screened the buyers, then having a client look at that many homes is partially my responsibility.

]]> By: Athol Kay http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-135 Athol Kay Tue, 20 Feb 2007 02:55:22 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-135 Does the negotiation of commissions swing both ways? I.e. if you're happy with discounting them a 1% if you only show them one house, would you think it fair to charge them an extra 1% if you had to show them 50 houses? Or 100? Does the negotiation of commissions swing both ways? I.e. if you’re happy with discounting them a 1% if you only show them one house, would you think it fair to charge them an extra 1% if you had to show them 50 houses? Or 100?

]]> By: berealct http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-136 berealct Sat, 17 Feb 2007 22:25:24 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-136 Thanks - I look forward to hearing from my most prolific commenter! Everyone is an agent these days. I think the latest figure I heard was 1.2 million licensed agents in the U.S. - double what it was 10 years ago. Scary... Thanks - I look forward to hearing from my most prolific commenter!

Everyone is an agent these days. I think the latest figure I heard was 1.2 million licensed agents in the U.S. - double what it was 10 years ago. Scary…

]]> By: Susan http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-132 Susan Thu, 15 Feb 2007 15:01:02 +0000 http://ctrealestateunleashed.com/2007/02/15/buyer-agent-commissions-nothing-worth-getting-is-free/#comment-132 I can not believe how few people know or understand these obvious facts. Neighbors keep suggesting relatives and friends as agents and we keep explaining we prefer to the true advocacy of a buyers agent. (We plan to phone you as soon as the weather warms up a bit). I can not believe how few people know or understand these obvious facts. Neighbors keep suggesting relatives and friends as agents and we keep explaining we prefer to the true advocacy of a buyers agent. (We plan to phone you as soon as the weather warms up a bit).

]]>