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How do Buyers Reps get paid? PDF Print E-mail
From Exit_Realtor   
It is a common misconception in Real Estate among buyers on how buyers reps get paid. Buyers run from REALTORĀ? when trying to buy a home because the think they have to pay them a commission. Eventually after tiring of running round wasting gas searching for their dream home, or spending countless hours searching only looking at old out dated information, they come back to the Real Estate practitioner. Once closed they realize a important fact! The Buyers Rep gets compensated by the SELLERS PROCEEDS!

Yes that's right! The buyers side wages are paid from the seller side.

Those that try to dig into the logic of it all can get confused. Some buyers say since their money purchases the home and all proceeds that go toward wages for the Real Estate practitioners are being paid by them. Actually this is not the case. Because it all boils down to who the money belongs to after the transaction.

Once the transaction occurs, the money moves from the buyer to the seller. Therefore the money now belongs to the seller from the purchase of the home.

Wages for the Reps are then cut out of the proceeds and distributed between the Listing Agent who then get distributed to the Buyers Rep with the percentage that has been determined by the Listing Agent and their Seller .

So before you start looking for your home consider using a REALTORĀ? because they essentially work for you without a wage until a closing transaction takes place. The expertise and resources of a REALTORĀ? can save you lots of time and money.

Ask a REALTORĀ?



Real Estate FAQs Real Estate Mobile Alabama Alabama Gulf Coast, Mobile Alabama Real Estate
User Comments
Realtor Insight from the Public
Did your Agent add as much information as possible in your listing?
I have seen so many listings in the MLS that are hurried and incomplete. Having as much information as possible in the listing information is very important. Does it not make sense to have as much information as possible for potetential buyers and buyers reps that view the listing?

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