Friday, December 11, 2009

Who pays your real estate agent?

Often real estate buyers, especially first time home buyers, have little knowledge of what is involved with the hiring of a real estate agent much less how real estate agents are paid.

First of all, most real estate agents are self employed.

They (myself included) only make money when one buys, sells or rents real estate!

A buyer usually never pays their real estate agent a fee when they buy a home. When sellers list their home for sale the listing agent charges a fee. That fee is usually split with the real estate agent who brings he purchaser to the transaction. Thus, the buyer does not pay.

Similarly when an owner rents their property the owner is charged a fee. When a tenant rents the property, a percentage of the fee goes to the renter’s real estate agent.

If you are in the market for real estate as a buyer, call a local real estate agent. The call is free and more than likely, so are their services!

When you are ready to buy or sell a house in Viera, Suntree, Baytree or Rockledge, Florida, call me at 321-693-3850 or email

Gary L. Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region. Whether your interest lies in a 55+ community such as Heritage Isle, a golf course community such as Baytree National Golf Links or water front, give me a call!

Read my blog Florida Homes for Sale and Moving to Brevard County, Florida.