Dallas & Fort Worth TX Real Estate
HOW WE GET PAID
At BuyerSide Real Estate, we offer fee arrangements based upon the buyer's specific needs.
Three Per Cent (3%) Fee - BuyerSide Real Estate receives its fee from the proceeds of the sale, either as a result of the fee offered by the listing broker to a cooperating broker or as a stipulation of the contract requiring the seller to pay BuyerSide Real Estate a commission of not more than 3 %. Most often the seller lists the property for sale with a commission of 6% of the sale price, and one-half, or 3% is offered to the Buyer Broker who sells the property. That co-op commission completely offsets the home buyer's obligation to the Buyer Broker.
- Lump Sum Fee - A flat fee may be desirable if the buyer has located a home. It will enable the buyer to receive a significant rebate upon closing. This fee will be offset by the co-op commission paid to BuyerSide Real Estate on a listed property.
However, BuyerSide Real Estate will not be able to represent a buyer in a purchase if the buyer has already registered at the new home sales model in a subdivision in which the buyer has found a new home or a lot for a build job or if the buyer is already working with another agent and has been shown a home for which the buyer wants to make an offer.
A buyer should not spend time with a builder sales rep without representation as the sales rep is working for the seller (the builder) and eliminates your option for representation. Do not register at a sales model without your own agent and do not work with a listing agent who hopes to receive double compensation and who cannot represent your interests. Obtain your own exclusive buyer agent to eliminate the potential conflicts of interests when an agent works with both buyers and sellers.
Rebate of fee to buyer - A buyer in the market for a home generally priced at $300,000 or more will be interested in our rebate program of 1%. Any additional fee credited on the closing statement to BuyerSide Real Estate from the co-op commission or other stipulated fee in the contract to purchase property will be rebated to buyer client by BuyerSide Real Estate. This limited service program applies to clients who have done most of the groundwork & research, determined their specific area of interest, have ten or fewer homes to view, and are ready to buy a suitable property shown by BuyerSide Real Estate. Services include negotiation by BuyerSide Real Estate of price and terms, and handling of all of pre-closing details. As an example, if there is a co-op fee offered of 3% on a sales price of $300,000, $3,000 would be rebated by BuyerSide Real Estate to buyer client upon closing and funding.
In summary BuyerSide Real Estate can offer a variety of services for the buyer and may be retained to assist in a home buying decision as the buyers’ agent, advocate and counselor and be compensated by the co-op commission or by a flat fee or other compensation arrangement for the services provided. In a free, no obligation consultation meeting, we can discuss your specific needs for representation and the fee arrangement that best meets your needs.