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Updated over 1 year ago on . Most recent reply
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Buyers Agent Commissions (Investors)
Is it typical that the buyer pays the buyer's agent commission? I can see where it may make the offer more competitive.
If so, what are you seeing for commission? I always thought 3% was standard but I'm seeing $3500 on a $40,000 purchase. Is that normal?
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Most agents will have a minimum dollar commission that they accept. $40,000 at 3% would equate to $1200. After fixed costs, most agents would actually lose money servicing properties at that dollar amount. Thus why you are running into a higher commission.
- Russell Brazil
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District Invest Group
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