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Reply to "What are you paying buyers agents?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nothing. I'm calling the listing agents to see any houses I'm interested in.[/quote] That's what will happen. Listing agents can now get an extra percent or two from the seller if the buyer is unrepresented. Not having to deal with another agent is worth it to the seller and to the listing agent. [/quote] Listing agents have always been able to pocket more commission if the buyer is unrepresented. That isn’t new. It’s generally a bad idea for buyers to do this, however. [/quote] Yes but the listing agreement now let’s a seller elect to pay additional commission to a listing agent rather than a buyer agent. [/quote] That is effectively how it has always worked. Again, literally nothing new here. [/quote] I do not understand. When we bought a house, the seller’s agent gave us a credit for the buyer agent commission. Why didn’t she keep it? [/quote] The whole thing? Probably because she kept some of it, duh. [/quote] If it was a new house, we did the same thing. The agent gave us a 2% credit, and her company had to send a letter to our lender confirming the credit. It was shown on the statement at closing as a credit. Her commission was shown at 2%. We just asked her if she would give us the buyer agent commission if we didn't have an agent. [/quote]
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