Buyers - Importance of a Buyers Agent
What are the costs involved in hiring a buyer’s agent?
As a buyer, you don’t pay your Goldman Group agent directly. Instead, the agent receives an agreed-upon portion of the listing agent's sales commission (usually about half), which is paid by the seller.
If you're thinking this structure works against you by giving your buyer's agent an incentive to let you pay more than you need to, consider this:
The increase in a buyer's agent commission on, say, a $5,000 to $10,000 jump in price would be only $125 to $250. Good buyer's agents – those who are productive and engaged in the business full time – aren't going to risk their reputations. Your satisfaction – which can generate referrals to your friends and family – is the lifeblood of their careers.