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  • Why Buyers Choose Mitch Graves - Why homebuyers looking for a real estate agent in the Torrance, Redondo Beach and Hermosa Beach area choose Mitch Graves.

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Real Estate Tips
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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Real Estate Trivia
Q 
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?

A 
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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Mitch Graves, REALTOR®, real estate agent and broker for Torrance, Redondo Beach and Hermosa Beach, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Mitch Graves
Century 21 Union Realty

23900 Hawthorne Blvd Suite 200
Torrance, CA 90505
310-749-1435
Fax: 310-793-3307
MitchGraves@NUMBER1EXPERT.com


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