Working with a “Buyers Agent”
Q: I heard that buyer's agents are free. Is that true?
A: Working with a buyer's agent is usually free to the buyer but that does not mean that the agent is working for free. Agents work on commission and that commission is normally paid by the seller of the home. Sellers negotiate commission with the agent they have chosen to sell their home. That listing agent then advertises that they will offer a portion of that commission to the agent who brings in the buyer (buyer's agent). In other words, the two agents have agreed to share the commission paid by the seller. This is a good arrangement for everyone involved. The seller and the seller's agent get a quicker sale. The buyer doesn't have to pay the buyer's agent. And the buyer's agent gets to earn a living helping people find their dream home.
Did you know that only 2% of all agents have earned the Accredited Buyer’s Representative (ABR) designation? Look for an agent with an ABR designation to help you find your next home. We are agents that are trained to represent you In the buying process.
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