Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply
Agent fee, and commission too?
Just got a contract from an agent I’m looking to work with. He wants 3% from the seller as well as $425 from me. Is that normal?
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,508
- Votes |
- 23,418
- Posts
Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
“Transaction Fees” have become popular/the norm for a few years now. It is a fee charged by the Broker to the agent for the transaction. Some buyers refuse to pay it, make the agent pay it. I used to waive if the deal was over a certain $ value.
Whether you should pay it depends on the price range you are looking, the value you see in This agent and th relationship you want with them.....they decide who they work the hardest, or at all, for.