When seller’s agents list a property for sale, they may charge the property owner any percentage they wish. We typically charge our sellers only about 4% but some agencies may charge 6% or more. For our illustration purposes, let’s spit the difference at 5%.
So for example, if you buy a property for $500,000 using us as your buyer agent and it’s listed for a 5% commission by the seller’s agency, of which 50% is offered to us as the buyer’s agent, our share of that commission is $12,500 (this is the amount paid to us by the seller through their listing broker). In this scenario, you could share up to 50% of our share, which in this case would be $6,250 to you personally. That’s a significant payment to you, just for committing to exclusively use Wealth Share Realty as your agency instead of another broker that won’t share their commission with you. And of course, as the numbers and prices of the properties you’re looking to buy get bigger, so does your share of the commission!
This shared commission amount can be used by you any why you wish, wether its to help you pay for new appliances for your new home, going on a vacation after the closing, or just pocketing it as savings. And in situations when you may be in a competitive bidding situation against other people that are also interested in buying the same property you’re interested in, this can give you an advantage over them if you want to apply your share of commission toward increasing your bid on the property that you’re trying to purchase, to give you an edge in the offer you make and increase your chances of winning the bid and obtaining the property.