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Agency >Who Pays the Commission

Does it cost the homebuyer more to be represented by a buyer's agent who serves their interests exclusively? No, because the listing agent splits the sales commission, which is customarily paid by the seller of the home, with the buyer's agent. The sales commission split is usually 50-50, but the listing agent and buyer's agent will sometimes make another agreement and split the commission unequally.

There is one very unusual circumstance in which the homebuyer might pay a commission to their buyer's agent. The real estate agent might show the buyer a local "for sale by owner" (FSBO) home which the client decides to purchase. In most cases, the FSBO seller who is presented with a qualified buyer is glad to pay the buyer's agent a reduced fee of about 3 percent, or half of a normal sales commission. But the FSBO seller could stubbornly refuse to pay the buyer's agent any commission whatsoever. In that case, the buyer's agent would legitimately expect the buyer to pay the sales commission, in fair exchange for the agent finding the FSBO home and negotiating a successful transaction.

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Q	On what famous American street can you find the most expensive retail space for rent anywhere in the world?
A	Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot.
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Barbara Wells, REALTOR®, real estate agent and broker for Greenwich, Old Greenwich and Riverside Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Barbara Wells
Prudential Connecticut Realty
136 East Putnam Avenue
Greenwich, CT 06830
Direct Line: 203-637-6226
Cell Phone: 203-912-5644
Email: BarbaraWellsRealtor@yahoo.com
A full time Realtor since 1986, Barbara has sold homes totaling over $850,000,000 in her real estate career. She has developed a vast network of satisfied clients and achieved the rank of #1 in the Greenwich Office. Extensive knowledge of new construction, remodeling, technology and negotiations has enabled Barbara to be an asset to both Buyers and Sellers in achieving their goals.

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