Reply to How common is it for buyers to get part of the commission?

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[quote=Anonymous]Not OP, but 2023 re-bumper here.

Let’s run some numbers?

I’m looking to buy a $2.5 million house. Standard 2.5% commission would be $62,500 going to the buyers agent/firm.

I’m an experienced homeowner and know exactly where I want to be and what I want. I don’t need to walk through open houses with an agent. I don’t need real estate listings emailed to me. I don’t need to know about coming soon properties. I don’t need your comp information, I’ve lived in this area 10+ years and follow my local real estate inside out like many homeowners because it is a major investment.

I do need an experienced and trustworthy real estate agent once I find the house I want, to walk through it with them once, to interface with the sellers agent and negotiate if needed, to navigate the standard paperwork, and to help with any unusual issues.

How many hours of work can this possibly be? 20? 50? 100?

Let’s grossly overestimate and say 100. That’s a juicy $625/hr for buyers commission.

My guess is 25 is more realistic. That’s $2500/hr.

Yes I know some inexperienced first time buyers are buying at 400k and dragging agents to 20-30 properties. Not as good a yield there but that’s not me.

I am only asking to pay a reasonable amount for the services of a good real estate agent. The traditional real estate commission system does not work for me. I’ve found those working with the big brokers unable to work out better terms and thus I’ll be looking elsewhere.

If someone else would like to post good leads on experienced and reliable agents who rebate some of the buyers commission please contribute to this thread. Thanks.[/quote]

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