Buyer's Agent Commission: Who Pays? Demystifying Real Estate Fees!

Ever wondered about buyer's agent commissions and why they're so important in real estate? Well, in this video, we're diving deep into this topic! So, here's the deal: sellers don't have to fork out these commissions, but buyer's agents are like your trusty sidekicks, guiding you through the maze of home buying with their expert know-how and dedication. We'll break down everything you need to know about these commissions, from how they work to why they're essential for snagging your dream home. Whether you're buying, selling, or just curious, this chat is packed with valuable insights to help you navigate the real estate world. Don't miss out!

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Mike Ferrante from the 21 Mike Team and Century 21 HomeStar is one of the top agents in Cleveland, Ohio, with about 500 transactions estimated for 2023. One of the top listing agents in Cleveland, Ohio, with a dominant presence on social media plus traditional marketing methods, the 21 Mike Team covers all of Ohio, expanding into Akron, Medina, Lorain, Columbus, Ohio. Mike also donates his time to provide education and training for other real estate agents, including State of Ohio-approved continuing education classes. Mike's focus is now on helping other agents grow their business by leveraging the assets of the 21 Mike Team, such as leads, admin support, training, branding, business planning, and more. Mike is a lifelong Ohio resident, earning a Bachelor's in Science from Heidelberg University in Tiffin, Ohio, and an MBA with a marketing concentration from the Weatherhead School of Management at Case Western Reserve University. In addition, Mike has experience in new construction, renovations, and property management.

[InspectorTemplate]

While true that sellers have never had to pay a buyer's commission, that was never made clear to them and 6% was considered the industry "standard." Hence the NAR ruling and upcoming changes. There's going to be A LOT of sellers listing at 3% or less. A truly competitive marketplace is coming.