As a buyer, commission can be a bit confusing. Often agents will gloss over it, not because they are trying to pull a fast one but because it is not paid by you! The seller pays both the buyer and listing agents commission. A real estate agent is only paid when you purchase a home. Any effort, time, resources put in prior to the closing is unpaid until you close on the home of your dreams.
In the initial consultation, your real estate agent will go over commission with you. In Denver, market standard is 2.8% for a buyers agent. In the instance a seller is offering less, your real estate agent will explain what would occur. Commission and duties would be outlined in the contract between you (the buyer) and you real estate agent.
In addition to writing for Daigle’s Digs, Elizabeth works full-time as a Real Estate Agent with Keller Williams Realty Downtown, LLC. Elizabeth’s expertise is in buying and selling a home, first time home buyers, short sales, and investment properties. Contact Elizabeth for any real estate needs. Cell 303-819.73.71. Work 720-314-8352.
