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Buying agents or purchasing agents are people or companies that offer to buy goods or property on behalf of another party. [1] Indent agents or indenting agents (or firms) are alternative terms for buying agents. [2] An indent is an order for goods under specified conditions of sale. [3] [4]
A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
These two agents typically split the total commission — so for a 6 percent commission, the selling agent would receive 3 percent and the buying agent would receive the other 3 percent.
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [ 1 ]
The offer of broker compensation is typically paid by the seller and split between the selling and buying agent, with a commission that lands usually around 5% to 6% of the final price. That ...
The second change requires buyers’ agents to discuss their compensation upfront. Come August 17, agents working with a prospective homebuyer must now enter into a written buyer agreement before ...
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