Key West Real Estate Agent's Fee

Most real estate buyers prefer to have their agent's fee paid by the seller to avoid additional costs. But, remember, this preference may commit the buyer to the traditional arrangement in which the listing and showing agents both work for the seller. In Key West any real estate buyer who is uncomfortable with this situation may enlist the help of a buyer's agent who will represent only the buyer.

A buyer's real estate agent may require a nonrefundable fee, which will vary with the length of the home search and the extent of the services provided. If you choose this option, you will want to have a specific contract which, as with all written contracts, should be reviewed and approved by your lawyer. The contract should specify the services to be provided and the fees you will pay. If possible, avoid having the fee connected to the purchase price of the home. You do not want to provide an incentive for your agent to encourage a more expensive sale than you want. It may be possible, however, to specify in your purchase offer to the seller that your agent's fee will be paid by the seller at closing. To find a buyer's broker, check the yellow pages of your telephone book or call the local real estate association for referrals.