Realtors provide a service to their clients.They can assist the seller as the seller's agent, or they can assist the buyer as the buyer's agent.The commission is set between the seller and the seller's agent.it can be 0% or more.When the seller puts the home on the market, they then list on the MLS what percentage they will give the buyer's agent for bringing a buyer to the closing table.This can be 0% or more.But typically, just like any other profession, no one really likes to work for free.On average, 6% is often the amount the seller charges for the marketing the listing.They then divide that in half and offer the buyer’s agent 3% for bringing a buyer.If the buyer doesn't have an agent, they the agent can keep the full commission amount, or they can give all or part back to the seller.Asking for 3% of the commission that was negotiated between the seller and seller's agent is like asking a waiter for a percentage of his tips because you got your drinks at the bar and he didn't have to serve you drinks or food.It's not negotiable money for you. It seems that this profession is the one most picked on when it comes to commissions.The only time an agent gets paid is if they sell a house. The median annual Real Estate Sales Agent salary in Houston, TX is $39,549, as of May 31, 2016, with a range usually between $38,636-$50,306 (http://www1.salary.com/TX/Houston/real-estate-agent-salary.html). The Realtors you see on TV shows making millions of dollars a year represent 1% of the Realtors in real life.Most Realtors are lucky if they get one closing a month averaging about $3000 per transaction.The reality is that they are a lot of people out there who sign up to be a realtor because they think it is easy.They do a few transaction and then realize it is not as easy as they thought.So they quit.So there are a lot of new agents out there at all times.This also creates a lot of competition to find buyers and sellers.Agents usually have to pay big bucks to advertise to get their name out there.So no, Realtors are not all making millions of dollars that they can just throw out on every transaction. What is negotiable is the price of the home, the buyer doesn’t pay their agent any commission.Negotiate the price of the home.Honestly you would be better off getting a good agent, who can help you do that.Unless you negotiate for a living, I assure you a good Realtor will do a better job than you, regardless of how bad you think they are...
Buyer's Commission For Attorneys
in Houston Real Estate
Posted
Realtors provide a service to their clients. They can assist the seller as the seller's agent, or they can assist the buyer as the buyer's agent. The commission is set between the seller and the seller's agent. it can be 0% or more. When the seller puts the home on the market, they then list on the MLS what percentage they will give the buyer's agent for bringing a buyer to the closing table. This can be 0% or more. But typically, just like any other profession, no one really likes to work for free. On average, 6% is often the amount the seller charges for the marketing the listing. They then divide that in half and offer the buyer’s agent 3% for bringing a buyer. If the buyer doesn't have an agent, they the agent can keep the full commission amount, or they can give all or part back to the seller. Asking for 3% of the commission that was negotiated between the seller and seller's agent is like asking a waiter for a percentage of his tips because you got your drinks at the bar and he didn't have to serve you drinks or food. It's not negotiable money for you. It seems that this profession is the one most picked on when it comes to commissions. The only time an agent gets paid is if they sell a house. The median annual Real Estate Sales Agent salary in Houston, TX is $39,549, as of May 31, 2016, with a range usually between $38,636-$50,306 (http://www1.salary.com/TX/Houston/real-estate-agent-salary.html). The Realtors you see on TV shows making millions of dollars a year represent 1% of the Realtors in real life. Most Realtors are lucky if they get one closing a month averaging about $3000 per transaction. The reality is that they are a lot of people out there who sign up to be a realtor because they think it is easy. They do a few transaction and then realize it is not as easy as they thought. So they quit. So there are a lot of new agents out there at all times. This also creates a lot of competition to find buyers and sellers. Agents usually have to pay big bucks to advertise to get their name out there. So no, Realtors are not all making millions of dollars that they can just throw out on every transaction. What is negotiable is the price of the home, the buyer doesn’t pay their agent any commission. Negotiate the price of the home. Honestly you would be better off getting a good agent, who can help you do that. Unless you negotiate for a living, I assure you a good Realtor will do a better job than you, regardless of how bad you think they are...