Buyer's agent bonus
One seller offer a bonus of $10,000 to the selling to be paid on top of commission. The reason? The seller reasoned that, rather than drop the listing price, he could entice REALTORS to bring someone in if there was an increased reward.
Commissions are typically split 50-50 between the listing agent and the agent who brings in the buyer. Some owners are now offering a little extra to the buyer's agent to accelerate the sale - especially in a slower market.
Some listing agents urge sellers to offer 3% to the buyer's agent while keeping their own at 2.5% to get property shown more by agents who may have numerous properties to offer clients. Such commision splits and other incentives are legal according to the California Association of REALTORS.
One broker-owner comments that he would prefer incentives being offered to the buyer rather than the buyer's agent for a quicker close.
Commissions are typically split 50-50 between the listing agent and the agent who brings in the buyer. Some owners are now offering a little extra to the buyer's agent to accelerate the sale - especially in a slower market.
Some listing agents urge sellers to offer 3% to the buyer's agent while keeping their own at 2.5% to get property shown more by agents who may have numerous properties to offer clients. Such commision splits and other incentives are legal according to the California Association of REALTORS.
One broker-owner comments that he would prefer incentives being offered to the buyer rather than the buyer's agent for a quicker close.
posted by Shig Nishio @ 12:34 PM
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