Questions To Ask Your Buyer's Agent: What's Their Commission Policy? 2024

Questions To Ask Your Buyer's Agent: What's Their Commission Policy? 2024

Interview Questions you should ask your buyer's agent. New Commission Policy you must know!
This video guides a buyer through the proper questions they should be asking and the correct answers the buyer's agent should be responding. The commission structure has changed for buyers...this video will educate you about the buyer/broker agreement and commission structure.

List of Buyer Agent Interview Questions:

Looking to interview realtors in your area? I can connect you to a few in your area! Just fill out this this information in the link below and we will coordinate a few agents for you to interview:

What not to say to a Contractor video:

Interview Questions to ask a Listing agent (top 13 Questions):

Interview Questions to ask a Buyer's Agent (Check List):
Video on interviewing a Buyer's agent:

Staging your home Checklist:

Avoid a Bad Home Inspection Checklist:

Showing a property video:

If you are considering moving or selling your property in Orange County, don’t hesitate in reaching out to me.

💁‍♀️ My name is Audra Lambert. I am a realtor in Orange County, California. I have lived here most of my life. I have over 20 years experience! I love what I do and Love where I live! Most importantly I enjoy helping people as they transition into their next homes.

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[teotwawki]

Haha! I asked a realtor what they offer as a buyer's agent vs any other agent and they replied "if you are asking to negotiate my commission, that is unethical and I won't do it. " this was not long after the NAR settlement where they argued that "everything has always been negotiable."

[EMPTORADVOCATE-gtrb]

Your never have to offer a % commission it can be a flat fee for selling or buying real estate you are in control not the other way around.Always make sure that the seller is not paying a buyers agents commission or some amount of a commission before you offer anything?Also make sure that the buyers agent you are using is willing to accept whatever that seller is paying in commission and you do not have to make up any difference get it in writing.You can go in as an unrepresented buyer after you make sure the seller is not paying a buyers agents commission.The listing agent has to show you the house answer all question treat you as a normal buyer that agent does not need to get anymore commission from that seller to work with you no different than if that listing agent got the buyer a sale is a sale.You can use an attorney to draw up contract or submitt one your self make sure all your contingencies are in it get your inspections done.Good Luck!!!

[zackbornsteinfitness]

Ok, at some point a new agent is going to have to represent their first buyer in a transaction though. Yes, learn under a mentor and soak up all the knowledge you can but you learn by doing and at some point, you have to take that step and be autonomous in a transaction with a client. Good on you for working for two years, “paying your dues” and not making any money in the process but that’s an old school mind set. Young realtors are hungry and have all the resources at their disposal to succeed nowadays. I got my first listing 5 days after hanging my license. Real Estate isn’t easy but it’s not rocket science and a buyer shouldn’t disregard an agent just because they’re “new”.

[maximus]

Can you be my teacher? Finally I found the best relevant videos on YouTube. Thank you so much. Subbed.

[alanh]

Very enlightening. As you mentioned, not something buyers typically think about. However, given recent litigation, on top of mind. Thx

[florencehendrick]

Thank you Audra, and as always very valuable information

[AudraLambert]

If you are a new agent, you should study under an experienced agent for a few years. If you don’t, you putting yourself and your client at risk. I don’t care how smart you are, or how well intended, you are…you will make mistakes at your clients demise. Would you want to go get brain surgery under a new surgeon or would you prefer to have someone with experience?I think that is the biggest issue we have in our industry; as we have new agents without the proper guidance. You need to pay your dues if you’re a new agent. You’ll have your day, you just have to put the work in. I don’t have a bad attitude, I work with a lot of new agents and would never suggest anyone dealing with someone who doesn’t have experience. There is way too much risk out there when you’re dealing with someone who doesn’t know what they’re doing. Been Then there done that.

[mikefults]

Great information. Thanks for taking the time to inform and educate.

[jsmum]

I interviewed at least 12 in Vero Beach, Fl. to SELL my property. They are all nothing like you are describing as being credible. Horrific.

[CatsAreNiceMeow]

I’m using a real estate agent to help sell my house and buy one. Do I have to pay listing agent (not my agent) buyer fees as well as my agent for helping me buy a house? Do I have to pay double commissions when I purchase home? I emailed my agent this question twice but she does not answer that question. I’m nervous not having an answer. Thank you! Love all your videos!

[golfergun]

We are selling our home in NH soon. After that we will be searching for a home in SC. I am wondering two things about commissions. If we sign a buyer/broker contract to pay a 2% commission, then we find a house where the seller is offering to pay a commission to the buyer/broker, do we still have to pay the 2% we agreed to with the buyer/ broker? On the other hand, if we are offering a buyer /broker commission when we sell our property, would we have to pay that if the buyer is paying a commission to their buyer/ broker? I am addicted to your videos. Thanks so much for all the helpful tips and strategies. I wish you could be our listing agent, but then again I really wouldn't want to live in CA - no offense intended!

[kuttycrew]

This was very helpful, thank you for sharing.

[ReverendSnedley]

Actually the first question to ask when interviewing agents is if they have ever been in trouble with the police

[robbyfre]

As a seller I saw 5 yrs ago a buyers representation letter here in texas, I refused it any advice love your business saavy, bobby

[KristinBolander-kjis]

Wow guess new agents starting don’t have a chance!

[EMPTORADVOCATE-gtrb]

You could also find a buyers agent that is just going to charge you a small fee to write the contract for you.

[mmoya]

Wow, I just stumbled across your channel yesterday and I’m hooked! So much useful information!

Given the NAR settlement, would recommend first time homebuyers who have spent the time researching questions to ask, who have a template for a contract to purchase, who already have a lender and real estate lawyer lined up, who knows how to do comps, etc. work directly with the listing agent? I’m a first time homebuyer I have tried to familiarize myself with the ins and outs of the offer process, questions to ask the listing agent (ie are there any damages/repairs I should know about prior to inspection, are there any other offers, would the seller be willing to negotiate if the sales price is higher than FMV after the appraisal, why are they looking to move, etc.)

[fredswartley]

Great video. What kind of credentials should a real estate agent have?

[NeoSoulCrew]

You were new at one point too. Would you prefer no one took a chance on you?

[audiophileman]

Thank you for leading me to this video, Audra. In a soft or cool seller's market, a buyer can just insist that the seller cover the buyer agent's commission. In a hot seller's market, it could be a good negotiating strategy to cover the seller's agent commission to some extent to snag that home. The biggest and most interesting take away is the ability to negotiate. I like to pay a real estate agent a fair commission at a point where he or she will work hard to make the sale happen. Don't you think low balling on either a seller or buyer commission could make the agent(s) work less hard for you?