What Is Buyer's Agent Commission?
Buyer's Agent Commission: The fee paid to a real estate agent representing the buyer, often 2% to 3% of the price.
A buyer's agent commission is the fee paid to the agent who represents the buyer. It's typically a percentage of the price, often 2% to 3%, and is negotiable.
How it's paid
Historically, the seller offered the buyer's agent commission through the listing. Since 2024, buyers who work with an agent sign a written agreement setting the agent's compensation before touring homes. The buyer can ask the seller to pay it as part of the offer, or pay it directly.
Buying without a buyer's agent
If you buy without a buyer's agent, there's no buyer's agent commission. You can use that room to ask for a lower price or a larger seller concession toward your closing costs.
Example
On a $400,000 home, a 2.5% commission is $10,000.
Good to know
Unbeatable gives you the tools a buyer's agent would use (pricing, the state-specific offer, negotiation, e-signing and deadline tracking) so you can buy without one.