Paying buyers agent flat fee vs commission

[James McGovern]

What are the cons of determining a fixed dollar amount for buyer agent commissions vs a percentage commission?

[Joe Funari]

@James McGovern because of the DOJ ruling last year buyers agent compensation is negotiable. But agree with @Bruce Lynn what the seller is willing to pay a buyers agent compensation has most likely been predetermined. But again this is negotiable. Great buyers agents will give you flexibility when signing the buyers representation agreement. But a flat fee you you will only get beginner agents desperate for a sale if they agree to flat fee. These same agents definitely aren't investors themselves. In short, you get what you pay for.

Also, I do a substantial volume of buyer represented transactions. Because I am a fellow experienced REI. Making me one of the top producers in the state of Texas. So because I am one of the top producers my broker gives me 100% flexibility on what buyers agent compensation (and listings too) I negotiate with buyers. But my experience comes at a price. But it is well worth it to my clients. Especially long term rentals. Hope this helps.