Real Estate Agents giving up commission at closing!!! (Dallas: appointed, broker)

[itellyouthetruth]

Why are buyers not taking advantage of many agents in Dallas that give
50% and sometimes up to 90% of their commission when you buy a new home from a builder???

This is a buyers market and it is worth using an agent to represent youand act in your best interest!

[Pfhtex]

It's all packed in the price or the closing costs somewhere. Like marking something up just to "slash the price" and call it a sale. IMO

[HealthInfoTech]

Originally Posted by itellyouthetruth

Why are buyers not taking advantage of many agents in Dallas that give
50% and sometimes up to 90% of their commission when you buy a new home from a builder???

This is a buyers market and it is worth using an agent to represent youand act in your best interest!

Hi! Are you a real estate agent?

[itellyouthetruth]

No I am not a real estate agent. I am a real estate investor and I have noticed that some people are afraid to use an agent and I have not had any bad experiences from using real estate agents, most are very helpful and will represent you and act in your best intrest and can help negotiate, after all that is what they are paid to do.

[Lake Ray]

Agents give up their commission all the time. To get the Deal and Get paid.

Half of a check is better than no check at all.

[Grainraiser]

I purchased a new house and wish I would have used a agent. The builder pays the agent and I could have gotten some freebies thrown in because local agents know what they can and can't get from builders.

[loves2read]

that issue needs to be negotiated before someone starts to hunt for houses with an agent
some agents belong to shops that WON'T reduce their fees
I don't think it is a widespread as the OP suggests...I know that when we bought our house in Oct 08, neither agent would have considered dropping their %

[GuitarPlayr]

Just as an fyi I am selling my home and the realtor is basically taking $425 to sell my house and 3% to the buying agent if he does not sell it himself. He will be making his money on the purchase of our new home.

[DFWNewHomeSpecialist21]

That doesn't make any sense that an agent would offer 90%. On a $200K 3% is $6K, so that would leave the agent w/ $600. Unless they are either a broker or receive a 100% commission, that means they are working for free. Even with 100% commission, brokers charge a transaction fee.

[homehunter09]

Our real estate agent is giving us half of his 3% commission on our recently purchase new home from an area builder. We were actually very disappointed in our real estate agent, it seems he did very little research on our behalf and even the bargaining process was all done by ourselves. He was not a go-getter and not motivated. Maybe it's a case of "getting what you pay for"? I'm happy to get some money back, of course, but my question is: could we have bargained lower the price from the builder if we didn't have an agent? I mean, do builders take into consideration the fact whether you have an agent or not? Don't the builder pay the buyer's agent and thus increases their cost?