Dan Kennedy on
Who pays the buyer's agent's commission?
If you're buying a home and working with The Kennedy Group as your Realtors 99 times out of 100 you will NOT end up paying the buyer agent fee. It comes out of the proceeds of the seller of the house. This is a common misconception held by many buyers, especially first-timers.
The real estate agent's commission is an agreement between the seller and the listing brokerage, which is then shared with the buyer's agent who brings a buyer to the table. When the sellers and their agent are negotiating terms of listing, they are also discussing the total compensation the sellers will be paying both the buying and selling agents. A buyer going straight to the listing agent or home builder is not a guarantee to…
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