![]() ![]() Unless you’re selling to someone you trust, you probably don’t need assistance promoting or negotiating a home sale. When is it Beneficial to Use a Transaction Broker?Ĭlients who don’t require a real estate agent’s support with the transaction but still need a higher level of real estate expertise and assistance might benefit from having a transaction broker. It all comes down to who you pick as your broker. This is because the agent acts as a middleman rather than a broker. Since transaction brokerage firms charge a flat fee for their services they do not earn a commission on the property sale. Does a Transaction Broker get Commission? Coincidentally, they were also two of the first states to use transaction brokers. Transaction brokers are often found and frequently used during real estate transactions in Florida and Colorado. Most states allow the use of transaction brokers, but not all. ![]() Are Transaction Brokers Legal in the United States? This fee represents the cost of doing business in today’s competitive marketplace. ![]() Transaction brokerage fees may vary from $250.00 to $495.00 depending on the brokerage and area, although on average they fall somewhere between those two figures. Since transaction brokers don’t represent either party, they can objectively act on behalf of both to achieve a win-win scenario.įlat fees are typical for transaction brokers. Do not confuse the role of a transaction broker with that of a dual agent, who represents both the buyer and seller. ![]()
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