A buyer's agent represents the purchaser in a real estate transaction, helping them find properties, evaluate them, negotiate, and navigate the close, in exchange for a commission.
Log in to followFirst rental coming and I've been reading everything, which means I've read about forty articles saying the NAR settlement was going to end the 6% commission. Then I looked at wha…
Reading the buyer agreement my agent sent before I've toured anything. Two things I can't parse. First, there's a paragraph titled protection period. It says if the agreement expi…
I proposed this in March expecting to be laughed at. The agent I liked was pricing at 2.5 flat, and about half of what I was looking at was coming out of my own scraping of assess…
Still working out where I fit in this industry, and I keep landing back on buyer representation because the work sounds like something I'd be decent at. Then I read the outlook he…
A few deals in and I've always just let the commission happen without looking at it. Now that it's a negotiated number in my agreement I want to understand what I'm actually payin…
Two written proposals in front of me for the same search. Agent A: 2.4% of purchase price. On my target range that's about 11,040. Full service, she's been doing this eleven years…
Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
I've now been through two brokerages' buyer representation forms, line by line, and there's language in both that deserves a plain reading. Three things I want stated plainly rath…
2.4% on a 700k purchase is 16,800. I don't think anyone does 16,800 worth of work for me on a resale house, and I say that with no disrespect to the job. So I went looking and fou…
Closed a 265k three bedroom rental in a boring inner suburb. Nothing clever about the property. The compensation part is the only interesting piece. I'd been watching this submark…
Building a shortlist of agents to call and I've noticed that phrase on about nine profiles out of ten. Investor friendly. Works with investors. Investor focused. I can't tell if t…
My whole job is underwriting, and yet I've never bought a house. My spreadsheet skills do nothing for me on the parts I've never done, so I'm asking this as a beginner because tha…
Numbers first. 250k purchase, 25% down at 62,500, closing costs and reserves roughly 9k. Buyer agreement in front of me says 2.5%, so 6,250. Listing side is indicating 2% willing,…
Eleven months, 31 houses, one purchase at 348,000. The thing I'd tell anyone who plans slowly is that a single long agreement gives you nothing to talk about, and a short one that…
Still building my list, haven't bought anything. An agent sent me the representation agreement to sign before she'd take me out, which I understood was the new rule. What I didn't…
I've been reading up on this for six months and this part still won't sit straight in my head. My buyer representation agreement, the one I have to sign before touring anything no…
Got a buyer representation agreement by email Friday night. She won't show me anything Saturday until it comes back signed, which I gather is now the rule everywhere. The terms as…
I'm reading everything twice and this is the part I keep circling. When my parents bought, the agent had the listings and you didn't. That was the product. Now I can see every hou…
240k house, cosmetic work plus a garage I wanted. My thinking was simple. I know construction, I can read a house better than most agents, so why pay 2.5% for someone to open a do…
I'm slow about this stuff so please bear with me. I went to an open house and the agent there asked if I had representation, and when I said no she said she couldn't take me to se…