February 9, 2007

How We Get Paid

How We Get Paid 

 

Consumer advocates strongly recommend that buyers hire their own agents. They further argue that a coop-fee has already been built-in to the purchase price, and therefore, there is no need for the buyer or seller to incur additional fees when the cooperating agent represents the buyer.

 

Why would a Buyer Agent want to negotiate a lower price for the Buyers?  Won’t that reduce your commission?
The way a Multiple Listing Realtor Co-Broke normally works is that on a 5% commission* (*used as an example rate only), 2.5% would go to the Listing Agency and 2.5% to the Buyer Agency on behalf of the Homebuyers. The commission is then split again 50/50 between Buyer Agency and the Buyer Agent.

 

Thus for every $1,000 that we reduce the sales price for you, your Buyer Agent’s commission will only be reduced by $12.50. It is our job to make sure that you are an extremely happy, fully educated Real Estate consumer.

 

 

Remember, we, at PRAEDIUM, are an Exclusive Buyer Agency. We are the ONLY Exclusive Buyer Agency serving Metropolitan Pittsburgh! If you'd like to search for Pittsburgh real estate for sale, simply click the "Search for Pittsburgh Area Homes" link at the top or bottom of this page to get started.

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