Buyers agent fees

[Matt Lord]

Quick question:

Who here agrees to pay a buyers agent fee? I was shown a few properties with an agent this past week. She seems to be a “OK” agent. I have not worked with her prior to this.

I had her start to prepare a cash offer on a property and she disclosed that her/her office charges a $500 buyers agent fee. I understand she needs a salary and has to pay her bills, but she’ll be making 3% on the sale already. But she’s asking do an additional flat fee on top. I haven’t heard of this practice before. This is in PA btw.

Thanks

[Russell Brazil]

If you have been through that many agents you need to hit the pause button. You are doing something wrong in your selection process if you've gone through that many. A good agent is an incredible asset that is worth their weight in gold, but a bad agent can cost you tens of thousands of dollars.