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How Do We Get Paid? Understanding Buyer Agent Commission in San Francisco

May 16, 2024

At Danielle Lazier / Vivre Real Estate, we believe in transparency and clarity when it comes to our San Francisco listing agent and buyer agent services and fees. If you're a home buyer in San Francisco, it's important to understand how buyer agent commissions work. Here's a breakdown of the different ways we get paid and what it means for you.

The Evolution of Buyer Agent Commission in San Francisco

In the past, buyers typically did not pay their buyer agent's fee directly. Instead, the fee was included in the sales price, with the seller covering both agents' commissions. This process was often not transparent, leaving buyers unaware of the actual costs involved.

Buyer Agent Commission Structures

Today, realtor fees have become more transparent and openly negotiable. When you hire Vivre Real Estate, we sign a Broker Representation & Broker Compensation Agreement. This agreement outlines our fiduciary duty to represent your best interests and establishes an exclusive relationship. It also details our compensation, ensuring you know exactly how we get paid.

View a sample Broker Representation & Broker Compensation Agreement here. [PDF]

Three Ways Buyer Agents Get Paid

  1. Buyer Pays the Agent: The buyer pays their own agent as part of the closing costs.
  2. Seller Pays the Agent: The seller pays the buyer's agent from their sale proceeds.
  3. Seller's Agent Pays the Agent: The seller's agent pays the buyer's agent from their commission.

These options are not mutually exclusive and can be combined depending on the agreement.

Why Transparency Matters

Understanding buyer agent commission payment structures in San Francisco helps you make informed decisions and ensures that there are no surprises at closing. At Vivre Real Estate, we are committed to providing clear and transparent information to all our clients.

Ready to Buy a Home in San Francisco?

Ready to start your home buying journey? Our boutique collective of top San Francisco real estate agents and transaction specialists is dedicated to enhancing your home life throughout the San Francisco Bay Area. Contact us today!

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