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Buyer's agent commision rebate


buyer's agent commision rebate

Since the seller's agent also becomes your agent in the deal, they have a duty to advise you (and possibly even reveal this juicy info to you).
Prior to joining TerraSeer, Justin managed corporate consulting for the Strategy Analytics division at MapInfo Corporation, leading major projects for retail clients including The Home Depot, Darden Restaurants, Bridgestone-Firestone, Sainsburys and New York Company.
But they do not affect the actual opinions and recommendations of the authors.He negotiated on discount alcohol miniatures our behalf with the seller, and basically came back and said that if we could raise our offer to 327,000, we could have the deal.It's called dual agency.So there is incredible pressure on them to persuade you to overbid in you offer.They'll Persuade on Your Behalf.Justin holds.A.Justin Holman is CEO of TerraSeer, where he leads efforts to develop cutting edge sales forecasting and inventory optimization technology for the Automotive Aftermarket.Seller's Inside Info, the seller's agent actually has a lot of useful information that is helpful in the home-buying process.However, if the condo was sold for 327,000 in a one-agent deal and the seller's agent was smart enough to reduce his or her commission (say,.5) to make the deal happen, everyone wins.From the University of Oregon and an Executive Management certificate from Northwestern University's Kellogg School of Management.There is a 6 commission in a real estate broker contract that is split 50/50 if two real estate agents are involved (buyer and seller's agents).A 3 reduction in their commission represents thousands in savings!You don't need that kind of pressure when committing yourself to the most expensive purchase of your life.In my case, if the condo was sold for 335,000 in a two-agent deal, the seller would receive 314,900 in cash (after 6 reduction for commission) afterwards and the seller's agent would pocket 10,050 in cash (3 of sales price).Why would the seller's agent go so far for us?If you overbid, there is a greater chance that your offer will be accepted.There is a huge incentive for the seller's agent to persuade the seller that you are the right person to close and that your offer is the best (sellers don't always look at the highest offer, they also care about which buyer gaming giveaway sites is actually going.To recap, here are the reasons why you should use only the seller's agent:.Before that, Justin served as Vice President of Software Development at LogicTools, now part of IBM's supply chain application software group.If only the seller's agent is involved (that is, he or she finds the buyer and represents the seller then such an agent gets nike gift card discount 100 of the 6 pot.
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