What is the realtors cut when they are assisting someone in searching for and buying a home?
Emily, Using the term “cut” is possibly pejorative. There is no pre-established commission earned by a real estate professional as he or she assists you to identify quality prospective properties, informs you of the relative pluses or minuses of each specific to the search parameters you’ve provided, provides you with lender referrals (no small feat in current constrictive environment), assists you as needed to align with a qualified home inspector and attorney, runs comps to facilitate recognizing fair value, negotiates the best purchase deal for you, walks through the inspection with you, advocates on your behalf throughout the entire process, and follows up as needed with advice and references for deeds small and large related to your home. Having said all of this the commission in Chicago is typically paid by the selling brokerage. Some buyer’s representation agreements stipulate that the buyer’s representative be paid a set amount, and that amount is either derived from the sellin
