How much will it cost to use a realtor to buy a house in Jamaica? (PT12)

How much do I pay an agent to help me buy a house?

When a property goes on the market through A real estate company an agreement is made between the real estate company (who is the broker) and the seller. As fee is agreed on for the real estate company’s services.

For home sales, there are generally two real estate brokers involved in the deal: one respresenting the seller and the other, representing the buyer. Sometimes, buyers go directly to the listing agent, which would mean there is only one realtor or one broker involved in the process. Agents who represent buyers, we’ll call them buyer’s agent, are compensated by the real estate company that listed the property.

When the home is sold, that broker who originally listed the property, the fee they negotiated with the seller is split between them and the agent who took the buyer to the table. So no, you don’t pay your buyers agent in Jamaica any extra fee to represent you. Buyers agents are compensated by the sellers!

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.


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