{"id":96680,"date":"2024-09-25T05:04:48","date_gmt":"2024-09-25T12:04:48","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=96680"},"modified":"2024-09-25T05:04:48","modified_gmt":"2024-09-25T12:04:48","slug":"how-do-buyers-agents-get-paid","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/how-do-buyers-agents-get-paid\/","title":{"rendered":"How Do Buyer\u2019s Agents Get Paid?"},"content":{"rendered":"

One common question buyers ask when entering the real estate market is whether they are responsible for paying their agent. Traditionally, many sellers have covered both the buyer’s and seller\u2019s agent commissions, but recent <\/span>changes in the real estate industry<\/span><\/a> following the <\/span>NAR settlement<\/span><\/a> have shifted the dynamics. Now, buyers must agree to their agent\u2019s fee in writing before touring homes, and it\u2019s becoming more common for buyers and sellers to negotiate who covers the buyer\u2019s agent fee as part of the offer. Understanding how these changes impact the buying process is crucial for navigating today\u2019s real estate market.<\/span><\/p>\n

In this Redfin article, we\u2019ll break down how buyer\u2019s agents get paid and what buyers should expect in today’s evolving real estate landscape.<\/span><\/p>\n

\"Beautiful<\/p>\n

How does a buyer’s agent get paid?<\/span><\/h2>\n

Traditionally, many sellers have paid commissions to both their agent (the listing agent) and the buyer\u2019s agent. However, as of August 17, 2024, buyers must agree to their agent\u2019s fee in writing before touring homes. These recent changes make it more common for buyers and sellers to negotiate the buyer\u2019s agent fee as part of the offer. Buyers can still request that the seller cover the fee, but it\u2019s no longer guaranteed. Sellers will discuss compensation with their listing agents, and the final decision will depend on negotiations between both parties.<\/span><\/p>\n

How is Redfin different when it comes to commissions?\u00a0<\/span><\/h2>\n

At Redfin, we\u2019ve always believed that consumers should get the best deal. Our fees when serving buyers vary by market, but are competitive because we know they could make the difference in your winning or losing an offer.<\/span><\/p>\n

We also offer additional savings for buyers who make a commitment to hire us after the first tour. With our <\/span>Sign & Save<\/span><\/a> program, if you commit to hiring your Redfin agent before the second tour, we\u2019ll reduce our fee by 0.25%. We earn customers\u2019 business by providing the best service and value.<\/span><\/p>\n

Can buyers be asked to pay their agent\u2019s commission?<\/span><\/h2>\n

Yes, buyers can be asked to pay their agent\u2019s commission, either partially or in full. Commissions are fully negotiable, and the recent changes in the real estate industry have made it more common for buyers and sellers to negotiate the buyer\u2019s agent commission as part of the offer. Buyers can still ask the seller to contribute to or cover the fee, but it\u2019s not guaranteed and depends on the terms agreed upon between both parties.<\/span><\/p>\n

What to expect as a buyer<\/span><\/h2>\n

As a buyer, be prepared for the possibility that agent fees could become part of your negotiation. While some sellers may still cover the buyer\u2019s agent commission to stay competitive, this is no longer a certainty. Each transaction will vary, so it\u2019s important to stay flexible and discuss these details with your agent. Working with a knowledgeable <\/span>real estate agent<\/span><\/a> can help ensure you\u2019re getting the best possible outcome for your home purchase.<\/span><\/p>\n

The NAR settlement primarily applies to listings on an MLS, and MLS rules may vary. Rules regarding listings not on an MLS also vary widely from state to state. Talk to your agent to learn more.\u00a0<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

One common question buyers ask when entering the real estate market is whether they are responsible for paying their agent. Traditionally, many sellers have covered both the buyer’s and seller\u2019s agent commissions, but recent changes in the real estate industry following the NAR settlement have shifted the dynamics. Now, buyers must agree to their agent\u2019s […]<\/p>\n","protected":false},"author":801,"featured_media":96681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[34276],"tags":[],"coauthors":[36411],"class_list":["post-96680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home"],"acf":[],"yoast_head":"\nHow Do Buyer\u2019s Agents Get Paid? - Redfin<\/title>\n<meta name=\"description\" content=\"Do you pay the real estate agent as a buyer? 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