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Smart Commission Options for Buyers

Who really pays the buyer agent’s commission?

Many buyers don’t understand Realtor commissions. They think sellers pay the commission. But in fact, buyers pay by way of the sale price. In other words, if your agent expects a 3% commission the seller must account for that when negotiating a sale price with you. If your agent lowers his/her the commission, the seller will have more flexibility on price. But having a skilled buyer’s agent who represents you does have benefits. They know the market and can help you maneuver through all aspects of the transaction. Ask your self this question: What’s the value of having a buyer’s agent? Smart buyers consider their options carefully before signing a buyer broker agreement.

Option 1

With Broker Credit

The seller pays the commission. Spicer’s portion of the commission is 2% of the sale price. Any commission over 2% is credited back to the buyer at closing. Buyers using this option agree to work exclusively with us.

Option 2

$395 hourly fee

Buyers keep the entire MLS advertised commission (often 3% of the sale price). Spicer is paid $395 per hour for the services provided. Our average hours billed per transaction is about twenty-five. 

Option 3

Classic Commission

The seller pays the commission. This option is well suited for buyer’s with a more casual approach to the home buying process. They are not ready to commit to an extended buyer agency agreement. 

We pledge to provide you with a high level of customer service, negotiation skills and market knowledge.  As your buyer broker Spicer Real Estate will:

  • Listen to you
  • Help define your housing goals
  • Counsel you on financing options
  • Update you on new listings
  • Show you the homes you want to see
  • Provide market analysis
  • Prepare the contract offer
  • Present and negotiate your offer
  • Guide you through the mortgage process
  • Guide you through the inspections
  • Attend settlement and the final walk through with you

Please remember that except for visiting an open house, you should never look at homes with another agent if you have a buyer agreement with us. If you do it may put the commission arrangement in jeopardy. If you have any questions or would like to learn more please contact us anytime.