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Reply to "Agents Paid Hourly Rates"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a buyer is there a way to see the commission offered at all, or is it something that we’d have to write into our offer? [b]Our agent, whom we like and trust, sent us a buyers agreement proposing 3% plus a $795 fee[/b]. That seems unusually high- we value her time and expertise but 30K for a straightforward transaction seems like a lot, especially when she will get close to that on the sale of our house too. [/quote] Can you explain? The buyer's agent - who is not your listing agent - requires 3% + $795? [/quote] Yes. the agent is part of one of the big brokerages listed above. In order to show us a home she sent a buyers agreement for us to sign. I plan to counter, but it's hard without a good sense of what's normal. Redfin is obviously much less, but like I said, I do value her expertise. But 1.5%? 2? Before the settlement it seemed like 2.5% was pretty common in our area, and it's what we paid to a buyer broker when we sold our last house, but the whole point of the settlement is to reduce costs to consumers. [/quote]
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