If a Buyer Agent is working on a commission basis, why would that buyer agent try to get me the best (lowest) price?
For every $1,000.00 of purchase price, a typical buyer agent might receive a commission of $20-$40. For every $1,000.00 that an agent saves the buyer, the agent “loses” $20-$40. Logically, if an agent saves a buyer thousands of dollars on the price of a home (and “loses” one or two hundred in commission), the buyer would be very happy and would be glad to recommend that agent to their friends and relatives. True Buyer Agents have created a niche market in real estate. They are offering professional service to the buyer. It would make no sense to do a less than exemplary job if the agent wants to have a long lasting relationship with the buyer for repeat and referral business.
Related Questions
- What if the Seller agrees to pay the Buyer Agent commission, but needs to increase the price to reflect the commission, and the Buyer knew about the lower price selling private?
- Why would a Buyer Broker work for a better price for the buyer if the agent is working on commission?
- Why would a Buyer Agent work for a better price for the buyer if the agent is working on commission?
