Demystifying Real Estate Commissions: The Role of the Buyer's Agent
In the Portuguese real estate market, there is a common misconception among buyers: the idea that the presence of a buyer's specialist (or buyer's agent ) increases the cost of the property. In reality, this is a myth that needs clarification. How Do Real Estate Commissions Work? In traditional real estate transactions, the commission paid for brokerage services is, in most cases, covered by the seller , not the buyer. This commission is pre-agreed between the seller and the real estate agency representing the property. What many people don't realize is that within this commission structure, there are usually two agents involved : The listing agent – Represents the seller and promotes the property in the market. The buyer's agent – Works directly with the buyer, helping them find the best option and negotiating the most favorable terms. Rather than increasing costs, the presence of a buyer's agent means that the total commission agreed with the ...