Cost of Using a Buyer Agent - Does it Cost More?
The short answer: No.
The long answer: There should be no additional cost to a home buyer if they work with a buyer agent. In fact, working with a MABA buyer agent typically saves clients time and money. When interviewing any real estate professional, make sure you understand their commissions and fee structures upfront. While MABA introduced buyer agency into the state, be aware that not all buyer brokers in MA are members of MABA.
Studies show that working with a buyer agent saves time and money. For additional details on the value delivered by a MABA buyer agent, click here.
What are Typical Buyer Agent's Fees?
The generally accepted business model of commission structures in place for compensating the seller's realtor and the buyer's realtor holds when working with a buyer broker: the commissions of each real estate professional (buyer and seller) are typically included in the purchase price of the home. A MABA buyer agent's commission is typically settled the same way as if you were working with any other real estate agent. The primary difference is that when working with a MABA buyer broker you have their pledge to working exclusively as your buyer representative.