Hey everyone, okay, so I just want to do a video today kind of directed towards all you first-time homebuyers out there. I want to go over the real estate commission fees, so you're probably wondering how much you pay to a real estate agent, you know, that's working on your behalf as a buyer. The great news is that it's actually a free service to you, and it's not just for first-time homebuyers, it's for buyers in general. So, the way that the commission structure is laid out is that whoever is selling the home will typically hire a listing brokerage to list the home. Then there's going to be an agent within that, who's going to represent them, and they'll have a set commission fee. In my area, a six percent commission fee is pretty common. So, the listing agent will actually pay that six percent to the listing brokerage, and then that is typically equally split between whoever brings a buyer to the table, which would be the buyer's agency or brokerage. So, hopefully that makes sense. And, as a buyer, the great news for you is that we are a free service to you, which is awesome. You're already going to be paying a down payment and closing costs and all that, which I should put into another video to go over that. Closing costs can also be negotiated, and there are some really great programs for down payment assistance, not just for first-time homebuyers. It's actually a new program here in Montana. But I'll probably save that for another video. Anyway, I hope you all are having a wonderful Sunday. The weather is warming up here. We are at 56 degrees today. Yesterday, we were at about 66, and it was beautiful. My family and I went...
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Montana realtor fees Form: What You Should Know
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