Fee for a buyer's agent in San Francisco
A reader asks:Do I have to pay a fee to have a buyer’s agent in San Francisco?
Our reply:
Not usually. If the property is listed with a Realtor then the seller's agent "cooperates" with the buyer's agent and shares the commission with them. For example, if the listing agreement is signed for a 6% commission, then the buyer's and seller's agent normally splits this 50-50.
However, because this amount is on the listing agreement, the seller's agent may choose to do a different split. The amount given to the buyer's agent is published in the MLS. However, if you have signed a Buyer's Broker agreement contract with a Realtor and they are representing you as a buyer's agent, and if they buy a property that is not listed with a Broker (in the case of a For Sale By Owner), then you may owe the broker a commission if the seller refuses to pay a commission. But this is not the typical situation.
- Janis Stone
posted by SFResidence.com @ 9:06 AM
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