How Do Realtors Get Paid – Who Pays Your Buyers Agent
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How Do Realtors Get Paid – Who Pays Your Buyers Agent


Hi everyone. This is your Tampa Bay
realtor Lance Mohr. In this video I want to talk about how to buy your agents get
paid whether you’re buying a pre-owned home or whether you’re buying a brand
new home from a builder I wanted to do this video because I do get this
question every once in a while a lot of times it’s from first-time home buyers
but a lot of times I get it from people that have fought in several homes but
maybe they’re buying a brand new home for the first time and they’re wondering
are am i charging the money or how am I getting paid so I don’t want to speak
for every realtor in the nation and every state in the nation but I’m giving
you pretty much the golden rule how all Realtors get paid and we’ll talk about
pre owned first on a pre owned home what happens is the listing agent and
brokerage they go out there and take the take the listing and it’s pretty
standard whatever a listing fee they get they pay the selling or the buyer’s
agent 50% of that that’s very normal so whatever that Commission is they’ll get
half of it it works pretty much the same way a little bit different on new homes
what happens on new homes is builders are always going to be doing their
budgets and projections in October in November most of them will do it in
October some will do it in November assume in their fiscal year in this
December 31st and so they budget real estate agents commissions in there so
whether you use a real estate agent on a new home or whether you don’t use a real
estate agent on a new home it’s already in there they’re they’re not negotiating
everything you know anything it’s it’s pretty much the way it is so the
builders end up paying the real estate brokerage and then of course like it
works everywhere they pay the brokerage and then the brokerage whatever their
split is with the agents so really shouldn’t cost you any money again I’m
not going to speak for every agent out there I don’t know maybe there’s some
agents that that charge additional money or something
or they make you sign an agreement but I’m just talking how I work and that’s
very standard in the industry if you have any questions whatsoever don’t
hesitate to let me know if you liked this video please give me a
thumbs up and share my videos this is for you I hope you have a great day and
I wish you the best of luck you

4 Comments

  • Jose Torres

    Hey Lance do you know of any realtors that have worked with KB homes in Lake Nona area I’m looking at this new community around Narcoossee rd that has not opened yet. They will have a trailer this weekend and I was hoping to get a good deal.

  • Bann'ed Outdoor Adventures

    So if I buy a house for $500,000 USD and the Builder has agreement to pay my realtor "buyers agent" 3% of the sales price…. Then in a round about way I'm paying the my realtor "buyers agent" $15,000 USD… Which actually comes out of the sales price (at closing).. Therefore me "the buyer" is paying the "buyers agent"…. Indirectly…

  • Allen Medvers

    In my city St Paul mn here Is news clip: 2018
    'Nearly 59,000 construction permits pulled in St. Paul during the past decade have not received a final inspection from the city, leaving it unclear whether work has been done to code, or at all.'

    Note: most realtors are not safeguarding this issue. Causeing low quality homes but get maximum $.
    unsafe wireing, fire hazards, poor energy efficiency. Basement moisture, black mold.
    Old houses should depreciate unless they are gutted out. That means every wall and wireing and dead mice removed. Then inspected per the code just like a new home.

  • Ruben Romero

    If buyer agents are getting paid from the sellers commission, Do buyers agreements usually do or do not include a commission in the agreement? If the total commission is 6% would the buyers agreement be listed at 6% or 3%? Or do buyers agreements have no commission listed?

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