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The buyer’s broker commission or sometimes called buyer agent commission is the amount of money a Seller agrees to pay the broker representing the buyer as an inducement for other brokers to show and sell your home (remember that brokers earn the money and pay their agents. Agents do not get paid directly, hence the confusion between broker and agent). Typically, the commission is defined as a percentage of the selling price and is advertised in the agents information section of the listing in MLS. It is paid at closing out of proceeds and any restrictions or additional incentives are listed in the private remarks section of the listing agreement.
No matter which broker lists your home over 95% of the time another broker will sell your home. The typical fee in our Texas market is 3%. There is not a set commission rate paid to the Buyers Broker. With all commissions the amount paid is negotiable and is negotiated when you enter a listing agreement. Unlike the selling price of the property, all fees and commissions are negotiated at the time of entering a listing agreement. The amount of the buyer’s broker commission is part of the selling strategy determined between the seller and the listing agent.
Sometimes we see a 4% buyers commissions offered and other bonus terms to induce buyer agents. Agents will show your home if you offer a reasonable commission. Agents may try harder to make sure your home is shown if additional compensation is offered.
The buyer’s broker commission is collected by the title company at closing and paid to the buyer’s broker and all or part of the amount is paid to the agent by their broker.
Notice: This website contains general information about possible legal and financial matters. The information is not advice, and should not be treated as such. You must not rely on the information on this website as an alternative to legal or financial advice from your attorney, accountant, or other professional legal services provider. If you have any specific questions about any legal and financial matter you should consult your attorney, accountant, or other professional legal services
Our Track Record
I’m excited to announce that after 18 years of providing dedicated service, our clients have collectively saved over $10,000,000 in commissions! Among these savings are over $1,100,000 for clients who found unrepresented buyers and were able to avoid any selling costs. On top of that, we’ve distributed more than $330,000 in incentive rebates to over 100 satisfied buyers. These remarkable achievements are a true testament to our commitment to providing high-quality, cost-effective real estate services to our clients.
Tod G. Franklin – Realtor®, Broker, Owner, and multi-million dollar producer at DFWCityhomes
DFWCityhomes is an established and highly regarded Flat Fee MLS Listing Service company in Texas. We have been providing dedicated service for almost two decades delivering personalized service to each client. As the best Flat Fee MLS Listing Service in Texas, we offer affordable and excellent service, while our track record showcases our commitment to professionalism, integrity, and customer satisfaction.
Visit our MLS listing comparison chart and Flat Fee MLS Listing Services to see a detailed breakdown of the different plans and their features.
You can Contact Us or call (214)-207-0210 to speak with a Realtor® and find out how we can save you time and money.