[ne_semantic_video video_id=”dtDDUQ6YZMg” title=”‘Who Pays The Buyer’s Agent Their Fee/Commission? (Ep292)” upload_time=”2015-07-06T05:32:03.000Z” description=”Buyer’s agents generally make 1-3% of the purchase price of a property, but who pays the buyer’s agent their fee or commissions? Who pays the buyer’s”]
“Who Pays The Buyer’s Agent Their Fee/Commission? (Ep292),
Buyer’s agents generally make 1-3% of the purchase price of a property, but who pays the buyer’s agent their fee or commissions?
Who pays the buyer’s agent their fees or commission? The short answer is that the buyer pays the buyer’s agent their fees or commission. These fees are generally around 1% to 3% of the purchase price of the property and they are payable when the contract goes unconditional. Some buyer’s agents may charge a small fee upfront or they may charge 50% of the fee upfront. But most buyer’s agents would charge a small fee upfront and then the bulk of the payment will happen when your contract goes unconditional.
There are also buyer’s agents who charge fixed fees of around ,000 to ,000 and it really just depends on the buyer’s agent that you go with. But at the end of the day you are going to be paying the buyer’s agent if you are the buyer because the buyer’s agent is working for you in order to help you find, research and purchase a successful property that may be your home or maybe an investment property. So they are working for you, they are generally not getting a commission on the sale of the property and so therefore they are just getting paid by you so they are working for your interest therefore they need to be paid and generally they are going to be paid by you.
————————-
http://onproperty.com.au/292 – View the full transcription and audio version of this episode.
http://onproperty.com.au/free – See real positive cash flow property listings