How do home buyers’ agents get paid?

How and When Does the Money Change Hands?

Did you know that real estate agents can’t accept money directly from buyers?

Real estate commissions are paid like this:

  • The seller pays the listing brokerage.
  • The listing brokerage pays the listing agent.
  • The listing brokerage pays the buyer’s brokerage.
  • The buyer’s brokerage pays the buyer’s agent.

Compensation is typically made at closing when it’s deducted from the seller’s proceeds from the sale.

The seller effectively pays your buyer’s agent to negotiate on your behalf.

Buyers don’t have any say in how much commission is paid by the seller, and they don’t have to worry about personally compensating their agent. Of course, they’re free to do so if they want to sweeten an offer made on the home by offering to pay a portion of the seller’s commission. But again, the buyer cannot pay her agent directly.

Most Frequently Asked Questions

 

Yes, there is an HOA governed by a board of five people, 2 are homeowners, 3 are from Robson Communities Inc. The HOA rules came from Robson homeowners, are updated regularly and are enforced for your benefit.

The HOA fee is $264.18 a month which covers the cost of community maintenance and streets, the entrance gates, 24-hour patrol, a reserve fund, and access for two residents to the Resort-Style amenities, except for golf.

The HOA fee has increased just $119 in the 18 years since the community opened. Many homeowners report they saved more on utilities than the HOA fee, especially if they moved from an older, bigger home.

Privately held Robson Communities Inc. They’ve been building Active Adult Resort Communities for more than 50 years in Arizona. Robson Communities owns and develops the land at Robson Ranch and then builds semi-custom homes on it. Robson also provides the professional HOA management for the community.

The raw rate is $2.39 per $100 consisting of $1.54 school, .226 County, .621 City.

Real Estate taxes for a $400,000 home will run about $8,175 if you are under 65, about $7,586 if you are over 65 with homestead and 65+ exemptions.

If you are 65+ you can freeze school and city taxes, or defer real estate taxes entirely until your home is sold. Talk to a tax professional to help you decide.

If your taxes are already frozen in Texas you can transfer your freeze to your new home here. 100% disabled Veterans pay no real estate taxes.

The city of Denton 940-349-8700 provides water, sewer, drainage, police, fire and ambulance services.

CoServ 800-274-4014 provides electricity and gas. Grande Communications 877-238-6891 provides Internet, cable TV and telephone. Grande offers lGig High Speed Internet service for $69.99.

Satellite dish services are permitted. Many here just use their cell phone, high speed Internet and an HD TV antenna.

One person must be at least 40 years old in each home.

The federal law allows for a certain percentage of under 55 yr olds to live in an age restricted community.

No one in permanent residence can be under 19 years of age.

Children under 19 can stay a maximum of three weeks at a time, with a maximum 6 weeks per year.