Buyer’s agent in Arizona & How compensation can motivate a realtor
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The average buyer’s agent in Arizona will look to MLS and many times lean towards showing homes that offer better pay. This happens all the time.
Listings that offer low commissions out to buyer’s agents get shown less. Realtors only get paid by commissions when a closing happens.
The more assertive and effective buyer’s agents will us a buyer broker agreement and will show all homes on or off the market regardless of the pay. They can even implement this agreement for 60 to 90 days. This agreement simply assures payment for the agent and confirms that you are working exclusivley with them.
Why would an agent want to have this agreement? The reason an experienced and assertive buyer’s agent would do this is that working with unloyal buyers is a waste of time and money for the professional realtor. This agreement assures the agent that they will get paid for knocking on the door of an unlisted For Sale By Owner or calling the Auction Companies that offer low commissions. This will motivate the agent to work harder to find the buyer a deal. The commissions can be added on top of the price for a home or requested through closing costs paid by the seller in some cases.
Agents that look in all places for a home for their buyers will also find the buyer a better deal in many cases. Savy real estate investors understand this well and will often agree to pay agents more than the average home buyer for a good deal.
If you could save an additional $30,000 or more on your purchase would you want the agent that found the home to be compensated?
Many agents do not openly discuss how they get paid. Upfront honesty with your buyer is the best policy. They understand as an agent you need to be paid. They also are happy to do this especially when you find them an amazing deal.
