Why Hire a Real Estate Buyer’s Agent? Follow the Link Below for 11 Reasons Buyers Should Work With A Professional Agent.
..But First. The Bonus Reason, Providing Potential Savings of Tens of Thousands of Dollars, Offered By California Real Estate Agent – Jack Schoberg (DRE# 02078776)..
Bonus Reason – Cashback Rebate w/ Representation by Jack Schoberg
If you plan on purchasing real estate, it pays to seek representation from an agent providing commission rebates. If you plan on buying in California, a licensed agent and expert buyer’s representative – Jack Schoberg – offers the hard-to-beat refund of 50% of his net commission up to 1.25% of the purchase price, payable upon closing escrow.
How Does It Work?
.When you purchase agent-listed real estate in California, the property’s price includes a commission allowance for the buyer’s agent. The listing agent and seller decide upon the listing agent/buyer agent commission split when they complete the listing agreement together at the time of the listing’s origination (usually in California, the listing agent charges 5.5% commission with 2.5% being offered in the MLS for any potential buyer’s agent that brings a buyer). Suppose you decide to purchase by contacting the listing agent directly without representation from a buyer’s agent. In that case, the listing agent for the property is free to pocket the portion allocated for the buyer’s agent, resulting in nearly double the commission. This is called dual agency, and although not legal in every state, it is perfectly legal in California and is standard practice.
When using Jack Schoberg as your agent, we secure the buyer’s commission, resulting in a 50% commission rebate. This also holds the listing agent to a reasonable commission split, avoiding 2x the commission as if they were to be a dual agent in the transaction.