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That is one other conflict of interest, and it will not be true of every realtor, together with yours – but it may very well be. Most brokers are paid a share of the promoting worth of the home. On condition that association with all issues being equal, the agent would quite you buy a $300,000 residence as an alternative of a $250,000 residence because that might ship a $9,000 fee as a substitute of a $7,500 one at a 3% fee charge. A better-priced residence may actually serve your wants higher than a decrease-priced one, and your agent could actually level that out, but keep in mind that the agent stands to learn if you buy a extra costly dwelling.
