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Agency >Who Pays the Commission
Does it cost the homebuyer more to be represented by a buyer's agent who serves their interests exclusively? No, because the listing agent splits the sales commission, which is customarily paid by the seller of the home, with the buyer's agent. The sales commission split is usually 50-50, but the listing agent and buyer's agent will sometimes make another agreement and split the commission unequally.
There is one very unusual circumstance in which the homebuyer might pay a commission to their buyer's agent. The real estate agent might show the buyer a local "for sale by owner" (FSBO) home which the client decides to purchase. In most cases, the FSBO seller who is presented with a qualified buyer is glad to pay the buyer's agent a reduced fee of about 3 percent, or half of a normal sales commission. But the FSBO seller could stubbornly refuse to pay the buyer's agent any commission whatsoever. In that case, the buyer's agent would legitimately expect the buyer to pay the sales commission, in fair exchange for the agent finding the FSBO home and negotiating a successful transaction.
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What are considered the ideal conditions for a buyer's market?
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In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
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The Executive Home Team
Keller Williams Realty - SW Portland
4035 SW Douglas Way
Lake Oswego, OR 97035
Phone-Steve: 503-680-2065
Phone-Lisa: 503-680-2025
Fax: 503-336-7200
Email: Info@MoveThroughLife.com
Steve and Lisa Thoele of the Executive Home Team are dedicated to the success of their valued clients. Whether you are buying, selling or investing in real estate, you can rely on Steve and Lisa to help you move through life!   
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