My wife and I gave a class on my new book HOUSE INVESTOR’S MANUAL and she taught property managment basics.
I was talking about the chapter Always Be Represented and a student mentioned if the buyer’s agent share in the commission doesn’t that influence the BA to get the highest price? My answer is that generally the amount of charge to the client is around 2 1/2 % of the selling price. An additional $1000 in price is $25. What is more important, building a relationship with the buyer client for referrals and possible additional business or earning an additional measly $25?
If it still bothers them then negotiate a fixed fee. You know what price you can afford and use the 2 1/2% rule to settle on a fee.
It is the seller’s agent to get the highest price and buyer’s agent to get the lowest price.
I no longer take comments, but if you want to contact me e-mail me at propertymanager@arbourpm.com
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