Monday, April 23, 2018
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Randi F. Rainmaker
CLHMS, GRI, ABR, CCIM, ePro, EcoBroker
Gooder Group
2724 Dorr Ave, Ste 103
Fairfax, Virginia 22031

Office: 703-698-7750
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Who pays the fee of a buyer's agent?

Thumbs Up The offer looks good. You're ready to accept it, but the buyer is using a buyer's agent (also called a buyer's broker) and wants you to pay the agent's fee.
  • What does a "buyer's agent" do?

  • A "buyer's agent" is retained by a buyer to look out for the buyer's interests and to negotiate the best price from their point of view. As the agent who lists your house owes you complete loyalty, the "buyer's agent" owes the buyer the same degree of loyalty.
  • What should you, the seller, do?

  • Generally you can indicate on the listing agreement whether you are willing to pay the buyer's agent. Most sellers choose to work with a broker who splits the commission with a buyer's agent even though that agent does not represent the seller's interests. This, of course, maximizes the number of potential buyers for your home. Because the listing broker already is prepared to share the commission with a seller’s agent who produces a buyer, most sellers don't mind when their broker instead shares the commission with a buyer's agent.
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HOME SELLER How To Put Your Sales On The Fast Track
PRICING Beat Your Competition To The Contract
SHOWCASING Set The Stage For A Quick Sale
THE DEAL Proven Tips To Turn An Offer Into A Solid Contract Fast
TAKE ONE How To Package Your Home To Sell
SOLD How To Attract More Buyers With Seller Financing
INCENTIVES 12 Contract Options That Entice Today's Buyers
SELL OR REMODEL How To Get The Most For Your Money
UPSCALE RESALE Seven High-Cost Mistakes To Avoid
CONTRACT Who’s Offering What, When And How For Your Home
SINGLE AGAIN How Divorce And Death Affect Home-Sale Taxes
TAX MOVES Seven Smart Strategies For Today’s Tax Game
TWO MINUTE DRILL Timely Tips For Short-Notice Home Showings
 
       
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