Q: What is the fee of a homebuyer’s real estate agent? –Vicki
A: This question comes up only a fraction of the times it ought to, but is a very smart question. The answer is not so simple; it depends on the particular facts of your situation and your transaction.
In the vast majority of cases, the fee paid to the buyer’s broker or buyer’s agent is whatever share of commission the listing office is offering. When a seller and listing agent negotiate a listing agreement, they negotiate two payment terms.
First, they agree on the total percentage of the purchase price that will be paid to the listing broker as the commission. Then, they include what portion of that commission will be shared with a cooperating, or buyer’s, broker.