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Updated over 7 years ago on . Most recent reply

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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
955
Votes |
1,639
Posts

Question about buyer's agent fee

Chris T.
  • Investor
  • Downers Grove, IL
Posted

Good day BP ! 

I have asked agents in the past if bumping up the buyer's agent fee (2.5% to 3% or higher) would encourage more showings, and I get some mixed responses.

What if a listing agent drops the standard 2.5% buyer's agent fee to 2% ? Will that discourage you from showing the property to your clients? (assuming it's a property that is in high demand and right for your client)

I am not an agent yet, I'm curious what your thoughts are. Anyone is welcome to send me a PM as well, so that it's not posted on a public forum. 

Appreciate your feedback! 

Most Popular Reply

User Stats

95
Posts
76
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Ivy Wang
  • Real Estate Agent
  • Los Angeles, CA
76
Votes |
95
Posts
Ivy Wang
  • Real Estate Agent
  • Los Angeles, CA
Replied

It does not affect me at all, and it shouldn't affect you if you're an ethical agent. If you become a Realtor®, this is in your code of ethics. As a buyer's agent, I represent the buyer's best interest and I send them properties that fit what they're looking for regardless of what my commission will be. If the percentage is lower than what I prefer based on selling price, buyers know that it's possible they will pay the difference out of their pocket.

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