Understanding How Real Estate Agents Get Paid | Buyer's Agent Commission Explained
Welcome to Tom Woolfolk Real Estate! In this video, we break down the essential details you need to know about how real estate agents are compensated, focusing on both the listing agent and the buyer's agent.
We'll cover:
● The roles of listing and buyer's agents in real estate transactions.
● How buyer's agents get paid, including different compensation methods such as seller-paid commissions, buyer-paid commissions, retainer fees, and more.
● The legal aspects of buyer agency in Virginia, including the importance of written agreements and the responsibilities of the buyer's agent.
Whether you're buying or selling a home, understanding these financial aspects is crucial for a smooth and successful real estate experience. Don't forget to discuss these details with your agent upfront!
If you have any questions about the real estate process, feel free to leave a comment or contact us directly. We’d love to assist you further. And don't forget to like and subscribe for more valuable real estate insights!

F O L L O W TOM :

F A C E B O O K ➳ https://www.facebook.com/RealtorTomWoolfolk
O R C A L L ➳ 434-242-1991


Tom Woolfolk is a Realtor(c) and an Associate Broker with Keller Williams in Charlottesville, VA. His specialities are homebuyers looking to locate toCharlottesville and the central Virginia area, including Albemarle, Greene, Madison, Orange, Fluvanna and Louisa counties, as well as sellers in these areas looking to move to their next home. He has lived most of his life in the area and consequently is very familiar with the unique characteristics of the various communities that make up the greater Charlottesville area.
If you would like to talk with Tom about Charlottesville Real Estate or living in the central Virginia area, feel free to email him at [email protected].
Keller Williams Alliance
3510 Remson Ct, Ste. 401
Charlottesville, VA 22901
(434) 220-2200 office
Licensed to Sell Real Estate in Virginia – DPOR #0225-193949