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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 908-376-2709.
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Kara M. Thoms
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Welcome! Here You Can Find Great Information on Summit, New Providence and Berkeley Heights, New Jersey Real Estate Welcome! Thank you for visiting my website. As a lifelong resident of the area I take great pride in showcasing my market area of New Providence, Summit, Berkeley Heights. Please take your time and review the content of my site which is filled with area information, that only a local expert can provide. I look forward to assisting you in your next real estate transaction. Remember I am only a phone call or email away if you have any questions.
- Kara M. Thoms
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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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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
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