Reply to Buyer's agent fees

Forum Index » Real Estate

Reply to "Buyer's agent fees"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Am planning to list either 2025/2026. Will have it in the listing that offers should include their requested buyers fee. So it will play one factor among others in the offers. If someone offers a great price and no buyers fee needed we will look very closely at it. If someone offers the highest price and a 2% for buyers fee but we end up with more, we'll look closely at it. It's all about what we walk away with at the end of the day.

Do agree in principle buyers need to assume some of the costs themselves. Not clear on the role agents play that justifies setting aside 5-4% in commission. Like most people, we found our house, not the agent. The agent was a highly reputable agent but pretty much didn't do much other than fill out some paperwork. Impressive. [/quote]

I am a listing agent within a small brokerage and I don’t see any benefit in sellers to commit paying a fixed buyer broker fee. What a seller usually care about is the net price and terms.

On my last few listings I only got a couple of inquiries from buyer agents asking whether the seller was offering a fixed amount of buyer agent commission upfront. My response is always something like “The seller will be happy to consider an offer with a request for closing cost assistance towards a buyer agent fee. The seller cares about terms and the net price when comparing offers.  We would love to see an offer from your client.”

In my experience most buyers still use (and benefit) from a buyer agent. Most buyer agents just show the home and then the buyer asks for closing costs in their offer (that they may or may not be using towards their agent fees.)

Sellers benefit when encouraging everyone to view and make offers on their home - regardless of whether they have an agent or not. However, up to this point, I haven't found a reason to recommend a seller make an *upfront* offer of compensation to buyer agents.

So, find and pay for a listing agent that will give you the best value. Warmly welcome anyone to view and tour your home. Review the offers for overall best terms and net price, and don’t worry about how much the buyer agent is paid on the “buyer side” of the closing statement.

[/quote]

Glad to see an agent who is actually working in the best interests of their client!  This is exactly the right response, and of course it makes zero sense to close off offers which may have better net terms.  In the long run, agents who do this will succeed, but it will still take some effort, time and I assume further legal action at some point.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics