The Ultimate Guide to Commission Rebates for Buyers
Buying a home can be time-consuming, emotional, expensive, and stressful, especially if it's your first time! Between the closing costs, realtor costs , and moving costs it's no wonder why most people fear the process of selling or buying a home. Believe it or not, some of the most common questions people ask are around real estate agent commission rates both for the home seller and buyer. For example, many people ask- are commission charges negotiable, who pays the buyer agent commission, and is a home buyer rebate legal? Unfortunately, there's a lot of misinformation on these matters, but we're here to clear the air. What Is The Buyer Agent Commission? The buyer agent commission is the fee the agent charges who helps their client (the buyer) buy a home. Generally, the buyer agent commission is typically 3%. However, considering how the internet has allowed the homebuyers to do much of the house searching themselves, the 3% commission seems drastically inflated, correc...