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Real Estate Agent Commissions Explained How Much and Who Pays
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=UgqNAXaiLKk
The real estate agent commission is a bit of a mystery to new investors. How much does it cost, who’s responsible for paying it, and what do you get for it? For many homebuyers, it seems like agents are getting paid simply to show houses or throw up pictures on the MLS. But, in reality, agents do much more than collect a check at the end of every sale. Before you bid, or buy, here’s what you should know about real estate commissions. • To help us explain the ins and outs of agent pay is Mindy Jensen, host of the “BiggerPockets Money Podcast” and real estate agent in the sunny state of Colorado. Mindy has worked with agents as an investor and worked with investors as an agent. She knows exactly what goes into commissions, how it’s split, how much agents keep, and why the commission is being collected in the first place. • Mindy gives some advice on how rookies can not get burnt when using an agent for the first time. And for all your DIY-ers out there that want to save a bit by listing your own house, Mindy has some warnings you should surely follow. Now, the next time you bid on or list a house you’ll know how much the agent commission will be! • 00:00 Real Estate Commissions Explained • 00:52 How Much Do Agents Keep? • 02:20 The Buyer's Agent is NOT Free • 03:41 Rookies NEED a Great Agent • ~~~~ • Join BiggerPockets for FREE 👇 • https://www.biggerpockets.com/signup?... • ~~~~ • Find an Investor-Friendly Agent in Your Area: • https://www.biggerpockets.com/agent/m... • ~~~~ • How to Ask for Seller Concessions (Credits) When Buying a House: • • How to Ask for Seller Concessions (Cr... • ~~~~ • Hear Mindy on The “BiggerPockets Money Podcast”: • https://www.biggerpockets.com/podcast... • ~~~~ • Subscribe to The BiggerPockets Money YouTube Channel: • / biggerpocketsmoney • ~~~~ • Grab Mindy’s Book, “First-Time Home Buyer”: • https://store.biggerpockets.com/produ... • ~~~~ • Understanding Real Estate Commissions (And How to Negotiate Them!): • https://www.biggerpockets.com/blog/re... • ~~~~ • Connect with Mindy on BiggerPockets: • Mindy: https://www.biggerpockets.com/users/m... • ~~~~ • Follow Mindy and BiggerPockets on Instagram: • Mindy: @mindyatbp or / mindyatbp • BiggerPockets: @biggerpockets or / biggerpockets • #biggerpockets #realestaterookie
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